The northeast Asian country, one of the world’s largest importers of oil and gas, has announced plans to explore significant offshore reserves off its east coast near Pohang.
June 09, 2024
Since the US lifted its crude export ban in Dec. 2015, exports surged, reaching over 4 MM b/d by 2023, expanding to more than 50 countries.
June 08, 2024
The OPEC+ alliance is anticipated to prolong its existing production cuts of 2.2 MM b/d into the latter half of 2024.
June 03, 2024
Traders were focused on lackluster demand in the US throughout much of the week.
June 03, 2024
June 02, 2024
Iran is poised to embark on 32 oil industry projects totaling $4.6B, according to Petroleum Minister Jawad Owji.
June 02, 2024
Asia’s third-largest crude importer is increasingly favoring US crude over Gulf barrels due to more favorable economics.
June 02, 2024
OPEC+ is intensifying efforts to expand its influence by engaging with emerging African oil producers like Namibia, Senegal, and Ghana.
June 02, 2024
OPEC remains confident about substantial growth in global oil demand for 2024 and 2025, despite economic uncertainties and high interest rates potentially affecting consumption.
June 01, 2024
The US EIA has slightly lowered its forecast for US oil production in 2024.
June 01, 2024
