Markets

Saudi Arabia's state-owned firm, a major player in the global oil market, announced a reduction in its supply of heavier crude oil to Asian markets for April.

Amid heightened US sanctions on Russian crude, China has strategically increased its purchases of Sokol crude, taking advantage of India's reluctance to buy.

Steering through two crucial maritime passages, the Red Sea and the Panama Canal, has become increasingly arduous for shippers, with significant ramifications for the energy industry.

The UK-based supermajor is contemplating a shift in its emission reduction strategy, aiming to become a net-zero emissions energy business by 2050.

OPEC maintains its optimistic stance on oil demand growth, projecting a steady increase for this year and beyond, driven primarily by China, India, and the Middle East.

The Energy Information Administration (EIA) has revised its forecast for Brent crude oil prices, anticipating an average of $87/b for this year and $85/b for the next.

For the sixth consecutive year, the US asserts its dominance as the world's leading oil producer, a feat validated by the Energy Information Administration (EIA) reporting record-breaking crude oil production levels.

A second shipment of US WTI is en route to Nigeria's Dangote refinery, signaling a strategic move in the global crude oil market.

Mild weather in the northern hemisphere and concerns about how China will meet its 2024 target for economic growth weighed on futures prices for benchmark crudes.

ExxonMobil's recent move to file for arbitration over its rights to Hess's Guyana oil and gas assets has injected complexity into Chevron's $53 billion acquisition of Hess Corp.