Mexican state energy company Pemex reported its lowest crude output in 45 years, with production in Feb. having averaged 1.55MM b/d.
March 30, 2024
Geopolitical Dynamics Shape Oil Trade in the World with China's Record Russian Imports and India's U.S. Oil Surge Amid Sanctions.
March 25, 2024
Ukraine continued its campaign of drone strikes against Russian energy targets, pushing futures prices for benchmark crudes up to fresh highs not seen since early Nov. or late Oct.
March 25, 2024
Brent crude surged above $85/bbl propelled by multiple factors including dwindling US inventories, an optimistic outlook from the IEA, and disruptions to Russian oil facilities by Ukrainian drones.
March 24, 2024
The US achieved a remarkable milestone in 2023, surpassing all previous records to average 12.9MM b/d of oil production, attributed to technological advancements such as fracking and horizontal drilling.
March 24, 2024
Top executives from leading energy corporations, including Shell, Saudi Aramco, ExxonMobil, bp, and Chevron, convened at the CERAWeek by S&P Global conference to address the evolving dynamics of the global energy landscape.
March 24, 2024
The oil industry is undergoing a transformation propelled by the adoption of digital technologies, particularly artificial intelligence (AI), which is revolutionizing operations and driving efficiency.
March 24, 2024
The South Pacific country's Associate Energy Minister, Shane Jones, spearheads an assessment to explore the feasibility of reinstating refining operations at the Marsden Point fuel import terminal.
March 23, 2024
A surge in American crude exports is reshaping the dynamics of the global oil market, particularly impacting Europe.
March 18, 2024
More attacks on Russian refineries by Ukrainian drones, an unexpected crude stockdraw in the US, and an IEA forecast for a tighter global oil market pushed up futures prices for benchmark crudes.
March 18, 2024
