Morgan Stanley raises amount of lost Russian supply to 2 million bpd. Morgan Stanley adjusts its forecast for returning Iranian supply. Morgan Stanley revised its oil price forecast upwards for Continue Reading
Standard Chartered analysts warned that they think there is a significant downside risk to 2022 oil demand growth. In a new report sent to Rigzone this week, Standard Chartered forecasted Continue Reading
Member countries of the International Energy Agency will be releasing a total of 182.7 million barrels of oil from emergency stocks over six months, of which 74 percent will come Continue Reading
Global oil demand will drop by 1.4 million barrels per day, according to the latest forecast by Rystad Energy on Friday cited by the National. The 1.4 million bpd loss Continue Reading
Rates are stalling in most low-income countries well short of the W.H.O.’s goal to immunize 70 percent of people in every nation. Some public health experts believe the momentum is Continue Reading
Western sanctions are creating new challenges for Russia in Iraq, according to several industry officials, who said Russian companies have had trouble making and receiving payments and faced hesitancy from Continue Reading
Oman, the biggest Middle East oil producer outside OPEC, increased its total monthly crude production by 12.2% in March from February, official data showed, amid a higher OPEC+ quota. Receive Continue Reading
Rival regional powers Iran and Saudi Arabia resumed talks in the Iraqi capital after they were suspended in March, Iran’s semi-official Nour News reported on Saturday. There was no confirmation Continue Reading
India proposed a battery-swapping program to expedite the adoption of electric scooters and rickshaws as it tries to curb pollution and tackle climate change. The policy, which will be valid Continue Reading
Indian private conglomerate Reliance Industries has purchased at least 15 million barrels of discounted Russian crude since the start of the Russian invasion of Ukraine, Reuters reported on Friday, citing Continue Reading
