Seasonal factors and maintenance at an Arctic oil field in Russia may be contributing factors to its compliance with an OPEC-led production deal, data show. Russia said oil production declined Continue Reading
OPEC and Russia are coordinating the first joint OPEC/non-OPEC deal to curb oil output since 2001, but the apparent unity in the face of lower-for-longer oil prices doesn’t disguise the Continue Reading
It has become raison d’être that electric vehicles (EV) will keep increasing in use without considering serious factors that could hamper their growth. The British electrical grid example and the Continue Reading
Oil prices steadied on Thursday, holding on to recent gains after forecasts for stronger oil demand by the International Energy Agency (IEA). Benchmark Brent crude LCOc1 was up 20 cents Continue Reading
Crude oil prices rose on Wednesday after the International Energy Agency (IEA) said a global surplus of crude was starting to shrink, even though U.S. data showed another big increase Continue Reading
Despite the huge uncertainties related to the two massive hurricanes that hit the U.S., the global oil market looks tighter than it has in a long time, according to a Continue Reading
Global oil demand will climb this year by the most since 2015, the IEA says, amid stronger-than-expected consumption in Europe and the US. (Bloomberg) — Global oil demand will climb Continue Reading
Petrochemicals are Big Oil’s big hope for the future—the distant future. Petrochemicals are used in thousands of products, with the biggest group among these being single-use plastic products. The bad Continue Reading
Royal Dutch Shell ( RDSa.L ) is set to end a century of oil production in Iraq by withdrawing from two of the Arab state’s flagship fields to focus on Continue Reading
Saudi Arabia’s energy minister, Khalid al-Falih, right, wants OPEC to focus more on exports in a bid to lift oil prices. Above, Mr. Falih with Russian Energy Minister Alexander Novak, Continue Reading
