Recent developments highlight significant shifts in global oil dynamics, notably affecting African producers and Asian importers. Angola, once China's second-largest oil supplier, has seen its ranking plummet to eighth place by last year.
July 21, 2024
SLB and Halliburton are optimistic about the global E&P sector despite challenges in North America.
July 21, 2024
JP Morgan projects WTI crude prices could surge to $100/bbl due to diminished incentives for production growth.
July 20, 2024
US crude production is projected to rise steadily, reaching an average of 13.98MM b/d in the fourth quarter of 2025, according to the latest Short-Term Energy Outlook (STEO) from the Energy Information Administration (EIA).
July 20, 2024
UK energy major bp warned that the slow global transition from fossil fuels to clean energy is increasing the risk of a
July 15, 2024
Price pressure came early in the week after Hurricane Beryl largely spared upstream production capacity and concerns arose about the storm taking a bite out of demand in the areas that it impacted.
July 15, 2024
bp's latest Energy Outlook predicts a significant shift in the global energy landscape, forecasting that global oil demand will reach its peak in 2025 at approximately 102MM b/d.
July 14, 2024
Energy Secretary Ed Miliband has enacted an immediate ban on new North Sea oil drilling licenses, a move that overrides departmental officials and could lead to legal confrontations with oil companies.
July 14, 2024
OPEC remains steadfast in its projections for robust global oil demand growth through 2024 and 2025, citing resilient economic conditions and a rebound in summer air travel.
July 13, 2024
Oil industry executives, surveyed by the Dallas Fed, foresee varying future prices for West Texas Intermediate (WTI).
July 13, 2024
