The head of the International Energy Agency has criticized OPEC for failing to do enough with regard to lowering oil prices While Biden coordinated a reserve release from multiple oil-consuming Continue Reading
Highlights 2030 hydrogen demand 120 mil mt with govt pledges Over 200 mil mt needed by 2030 for net-zero pathway Massive additional renewables needed: Platts Analytics More ambitious and concrete Continue Reading
OPEC expects that oil stockpiles released by consuming nations could massively swell the surplus in global markets. The projections from OPEC’s advisory body — the Economic Commission Board — come Continue Reading
The International Energy Agency accused Saudi Arabia, Russia and other major energy producers of creating “artificial tightness” in global oil and gas markets, urging the OPEC+ cartel to accelerate the Continue Reading
Top oil producers Saudi Arabia and Russia are considering a move to pause their recent efforts to provide the world with more crude, according to people familiar with those discussions, Continue Reading
The Biden Administration wants the OPEC+ alliance to pump more oil to lower gasoline prices The group dominated by Middle Eastern oil producers and Russia can’t do much more than Continue Reading
The administration of U.S. President Joe Biden announced on Tuesday it will release millions of barrels of oil from strategic reserves in coordination with China, India, South Korea, Japan and Continue Reading
A set of top oil-consuming countries are taking the supply-side dynamics into their own hands. Tuesday marked the official emergence of an “anti-OPEC+”. That’s according to Rystad Energy’s senior oil Continue Reading
The administration of U.S. President Joe Biden announced on Tuesday it will release millions of barrels of oil from strategic reserves in coordination with China, India, South Korea, Japan and Continue Reading
Crude oil seaborne exports from West Africa slumped below 3.5 million barrels per day in October, down from 3.84 million bpd in September as the continent’s major producer, Nigeria, struggled Continue Reading
