Producers in this region are facing a critical juncture as they navigate a challenging landscape in 2024.
December 25, 2023
Namibia's Southwest African Coastal Basin, once dismissed as an
December 25, 2023
The geopolitical-risk premium was once again in effect for NYMEX WTI, ICE Brent, and DME Oman futures due to logistics issues related to shippers rerouting vessels to avoid the Suez Canal.
December 24, 2023
In 2023, the global oil industry faced significant challenges, with the year poised to conclude in negative territory.
December 24, 2023
December 24, 2023
US energy major has implemented substantial reductions in oil-refinery investments in California, citing the state's
December 24, 2023
The market is witnessing a seismic shift in dynamics, notably driven by the US, which achieved a record-breaking oil production of over 13MM b/d in Sept., surpassing all other nations.
December 23, 2023
The oil cartel, in a recent letter to its members and allies, has vehemently opposed any potential agreement at COP28 that advocates for the phaseout of fossil fuels.
December 17, 2023
In recent exploratory ventures, Petrobras, alongside Shell, Chevron, and CNOOC, secured rights to explore 44 deep-water areas in Brazil's Pelotas basin, previously untapped for oil operations.
December 17, 2023
On the eve of the COP28 UN climate change summit in Dubai, Iraq, OPEC's second-largest oil producer, declared its stance against any phasedown or phaseout of fossil fuels.
December 17, 2023
