As COP28 concluded in Dubai on Dec. 12, the participating nations struggled to agree on a draft document that aimed at a global commitment to phase out hydrocarbons.
December 17, 2023
Chinese demand for Saudi crude has hit a five-month low, marking a significant downturn in the wake of Saudi Arabia's unexpected pricing strategy.
December 17, 2023
A big day-on-day price increase on Thursday after the IEA revised its demand forecast upward led to modest week-on-week upticks for NYMEX WTI and ICE Brent.
December 17, 2023
The world's third-largest oil consumer is anticipated to experience a deceleration in crude oil demand growth in 2024.
December 16, 2023
The EIA has revised downward its Brent price forecast, projecting an average of $83/bbl for the upcoming year, citing concerns over global oil demand growth
December 16, 2023
China National Petroleum Corporation (CNPC), a state-owned oil and gas entity, projects a peak in China's oil demand by 2030, forecasting an annual range between 780MM and 800MM mt.
December 10, 2023
Recent reports and analyses paint a nuanced picture of the global oil and gas market, challenging the optimistic narrative presented at COP28.
December 10, 2023
Ongoing discord within OPEC+ regarding deeper production cuts has resulted in a lackluster announcement, pressuring oil prices lower.
December 10, 2023
The recent surge in US crude oil production, reaching a record 13.2MM b/d in Sept., is posing a significant challenge to OPEC's efforts to stabilize oil prices and implement production cuts.
December 10, 2023
In a recent escalation of geopolitical tensions, Venezuelan President Nicolas Maduro's pursuit of annexing oil-rich Essequibo has placed ExxonMobil and Chevron in a precarious position.
December 10, 2023
