IEA: large-scale supply disruptions are increasingly likely as a result of sanctions on Russia. IEA: Global oil demand growth will decline due to a slowdown in economic growth. The IEA Continue Reading
Rallying energy commodity prices are expected to drive up primary energy expenditures globally to a record 13 percent of world gross domestic product (GDP), comparable to the energy cost levels Continue Reading
Upstream M&A deal flow could hit the highest in years in 2022 if commodity prices hold steady. Companies like Continental Resources, Pioneer Natural Resources, Diamondback Energy, Devon Energy, and EQT Continue Reading
The American Petroleum Institute (API) estimated that there was a surprise build this week for crude oil of 3.754 million barrels, compared to analyst predictions of a 1.867 million barrels Continue Reading
Fujairah LSFO suffers brunt of sales drop Blending pool stocks hit by sanctions on Russia HSFO sales holding up The Port of Fujairah’s bunker sales slumped in February to their Continue Reading
Oil output in the Permian in Texas and New Mexico, the biggest U.S. shale oil basin, is due to rise 70,000 barrels per day (bpd) to a record 5.208 million Continue Reading
Permian oil volumes hitting record highs Natural gas growth outpacing crude DUC count continues to deplete The US shale oil production forecast was revised downward in March by 116,000 b/d, Continue Reading
Participants attend the CERAWeek energy conference in Houston, Texas on March 7, 2022. CERAWeek is one of the largest and most influential global energy forums. Credit: Photo by Yi-Chin Lee/Xinhua Continue Reading
Standard Chartered: continuing consumer reluctance to buy from Russia and shortages of capital, equipment, and technology will impact Russian oil output. Russia’s difficulty in marketing its oil is likely to Continue Reading
Oil prices tumbled at the start of this week as fears of a major supply crunch were alleviated somewhat. Upward pressure remains, however, with geopolitical risks mounting and a nuclear Continue Reading
