Iran, Saudi Arabia, Egypt, Ethiopia and the United Arab Emirates formally joined the BRICS group of major emerging economies on January 1, 2024, expanding the bloc’s footprint in the Global South and growing its economic […]
Defying earlier expectations of slowing growth, U.S. crude oil production has surged this year to extend America’s lead at the top of the ranking of the world’s biggest oil producers. In September, U.S. oil output […]
Saudi Arabia’s move is aimed at supporting the market amid a seasonal drop in demand. Major oil producer Saudi Arabia has cut the February price of crude for buyers in all regions, Reuters and Bloomberg […]
A cargo ship was struck by a drone off the coast of the western Indian state of Gujarat on Saturday. The Liberia-flagged chemical products tanker was linked to Israel, according to maritime security firm Ambrey, […]
Daily Standup Top Stories Another Offshore Wind Farm Hits the Dust December 20, 2023 Stu Turley Key Takeaways 1: The developer of “Icebreaker,” a small project in Lake Erie, announced it is pulling stakes on its […]
OPEC+ faces record-breaking U.S. oil production and rising supply from other non-OPEC+ producers, including Brazil, Guyana, Canada, and Norway. Barring a major geopolitical escalation resulting in a large supply outage, oil prices are unlikely to […]
Any weakness in oil demand or increase in supply — or both — could push the market into a surplus next year. Saudi Energy Minister Prince Abdulaziz bin Salman is apparently keen on Alexandre Dumas, often […]
ENB Pub Note: An interesting view on the Middle East drama unfolding. Andrew Korybko has a substack that I recommend reading and supporting. While I do not agree with all of his articles or summaries, […]
US News MOSCOW – Saudi Arabia and Russia, the world’s two biggest oil exporters, on Thursday called for all OPEC+ members to join an agreement on output cuts for the good of the global economy […]
Daily Standup Top Stories King Charles Demands $5 Trillion per Year to Advance WEF’s ‘Net Zero’ Agenda December 5, 2023 Mariel Alumit Britain’s King Charles has demanded that taxpayers around the globe cough up $5 trillion […]
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