As global political landscapes continue to evolve, the US has reinforced sanctions on Iran and Venezuela, targeting their critical oil sectors.
April 29, 2024
More airstrikes in Gaza prompted more worries that the conflict could widen and cause supply disruptions from the Middle East, helping to push futures prices higher for benchmark crudes.
April 29, 2024
US shale production has notably transformed the country's position in the global oil market, transitioning from a major importer to the world's leading producer.
April 27, 2024
The Polish oil refiner Orlen has canceled its contracts for purchasing crude and oil products from Venezuela following the reinstatement of US sanctions, a decision underscored by significant financial losses and logistical challenges.
April 27, 2024
Nigeria's ambitious Dangote Group refinery, a $20B project, has encountered significant logistical and financial issues that impede its operation.
April 27, 2024
In 2023, the US southern state of Texas set unprecedented records in oil and gas production, underlining its crucial role in bolstering both the national and global energy supply.
April 27, 2024
As the anticipated start date of May 1, 2024, approaches for the expanded Trans Mountain (TMX) pipeline in Canada, major oil companies have expressed significant concerns regarding its readiness
April 27, 2024
In Marc, Norway achieved remarkable increases in oil and gas production, setting a new daily output record at 2.1MM bbl., which includes petroleum, natural gas liquids (NGLs), and condensate.
April 27, 2024
Chevron, through its affiliate Tengizchevroil LLP (TCO), has initiated a significant phase in the expansion of Kazakhstan’s Tengiz oil field.
April 27, 2024
In 2023, China experienced a significant escalation in its crude-oil imports, reaching a record high of 11.3MM b/d, which was a 10% increase from the previous year.
April 27, 2024