What’s Behind Oil’s Slow Flash Crash?
Crude oil prices declined forty percent between October 1 and Christmas Day in 2018. The decrease has been variously attributed to the United States’ failure to follow through on its Continue Reading
Solar Investment Plunges Amid Panel Glut
Global spending on solar energy declined by almost a quarter last year to US$130.8 billion, mainly on the back of a regulatory policy overhaul in China that led to an Continue Reading
IEA lowers Q2, Q3 ‘call’ on OPEC crude oil estimates
The International Energy Agency on Friday raised its estimate of the increase in non-OPEC oil supply this year on the back of supply surges from Russia and the US and Continue Reading
OPEC December Production Data
Qatar has left OPEC and is not included in this months report. All Qatar historical data has been removed from all OPEC charts. OPEC 14 production was down by 751,000 Continue Reading
OPEC+ To Hold Extraordinary Meeting On April 17-18 In Vienna
OPEC has decided to hold an extraordinary full ministerial meeting on April 17 in Vienna to discuss the state of the oil market and the production cut deal, while the Continue Reading
US Will Likely Grant Fewer Waivers in May
The United States will likely grant fewer waivers to buyers of Iranian oil when they’re up for renewal in May, according to IHS Markit. The United States will likely grant Continue Reading
Libya Reopens Oil Ports After Prolonged Halt
Libya reopened on Thursday all its oil loading terminals where operations were suspended for nearly a week due to inclement weather, S&P Global Platts reports , quoting a source close Continue Reading
Nigeria Among Top 10 Cheapest Petrol Selling Countries
Nigeria ranks among the top 10 cheapest petrol selling countries in the world, a policy group has revealed in its latest report. In its report released on 15 January, the Continue Reading
U.S. refiners scramble as White House eyes Venezuela sanctions
U.S. refiners are bidding up prices for scarce types of crude oil needed for their most sophisticated plants as the United States reconsiders harsher sanctions on Venezuela that could further Continue Reading
Venezuelan crude production continued to decline in December
Venezuelan crude oil production continued its steady decline and hit a new low in December with just 1.15 million barrels per day produced, unwillingly contributing to the OPEC agreed on production Continue Reading