Persistent concerns about the economic recovery and oil demand in China as well as the ongoing progress in negotiations for a ceasefire in Gaza kept the pressure on futures prices.
July 29, 2024
Mexico's crude oil production, currently at around 1.8MM b/d, is anticipated to decline significantly by 2030 due to depleting mature fields.
July 28, 2024
The question of whether global oil demand will ever peak remains a contentious issue in the energy sector. Organizations such as OPEC and the IEA have been debating this for years, each presenting differing views on future fossil fuel consumption.
July 28, 2024
The oil market is currently witnessing conflicting signals regarding its future direction.
July 28, 2024
China's oil import landscape in the first half of 2024 reflects a complex interplay of geopolitical considerations and economic realities.
July 28, 2024
The major Middle East OPEC producer has recently announced a major oil discovery in the offshore Al-Nokhatha field, revealing significant potential with estimated reserves.
July 28, 2024
The upcoming Aug. meeting of the Joint Ministerial Monitoring Committee (JMMC), tasked with overseeing the OPEC+ oil market, is anticipated to maintain the status quo on production policies.
July 22, 2024
Concerns about demand in China and hopes for a ceasefire in Gaza outweighed a crude stockdraw in the US.
July 22, 2024
Asia's major refiners are increasingly turning to Canada's Trans Mountain Expansion (TMX) pipeline for crude supplies, marking a significant shift in regional sourcing strategies.
July 21, 2024
Russian seaborne crude exports have experienced a significant downturn in recent weeks, dropping to their lowest levels since Jan. 2024.
July 21, 2024
