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Oil Exploration
Russia, Gulf Top Diplomats Say OPEC+ Efforts Stabilize Global Oil Market
Austrian police officers stand in front of the OPEC headquarters in Vienna, Austria, June 3, 2023. REUTERS/Leonhard Foeger/File PhotoTop diplomats from Russia a…
Renewable Diesel
Aemetis Biodiesel Contracts by India Oil Refiners Set for Delivery
Aemetis said its Universal Biofuels subsidiary in India, which operates a biodiesel plant, near the Port of Kakinada, was selected by the three government-contr…
Oil & Gas Trade
OPEC+ Likely to Maintain Output Cut Amid Strong Oil Market Fundamentals
Opec+ slashed its output by 2 million barrels per day in October last year. ReutersOpec+ will most likely roll over its existing output cuts when it meets on Ap…
Oil & Gas Supply
OPEC Expects Tighter Oil Market With Lower Supply and Higher Demand
(Bloomberg) – OPEC expects a slightly tighter global oil market than previously forecast as the group nudged up its demand estimate and trimmed its supply…
Market Analysis
North America Dominates the Global Shale Oil Market by Producing 50% Of the Total Market for Shale Oil; Learn About Market Drivers & Restraints.
The current market is growing at a moderate pace by registering a healthy CAGR during the foreseen time. The rising consumption of shale oil and growing end-use…
Oil Price
Oil Prices Drop as China’s Surging COVID-19 Cases Raise Demand Concerns
Countries are imposing travel restrictions on the world's largest crude importerPump jacks in Argentina. The outlook remains highly uncertain for oil market…
OPEC
OPEC+ Meeting to Take into Account Market Conditions – Iraqi Official
The OPEC+ meeting in December will take into account the condition and balance of the market, Iraq's state news agency quoted Saadoun Mohsen, a senior official …
Saudi Arabia
Saudi, Iraqi Energy Ministers Meet, Review Oil Markets
The energy ministers of Saudi Arabia and Iraq met on Thursday and stressed the importance of adhering to OPEC+ output cuts that last until the end of 2023.
Crude Oil
Iraq Targets 7-Mln-Bpd Oil Output Capacity in 2027 – Somo Head
Iraq plans to increase its oil production capacity to around 7 million barrels per day in 2027, head of state-owned oil marketer SOMO Alaa Alyasri told Reuters …
Crude Oil
Oil Shortage Forecasts Clash With Grim Economic Projections
Oil markets can’t seem to choose which direction to head.
OPEC
OPEC+ 'Only a Phone Call Away' if Markets Need Balancing - UAE Minister
The United Arab Emirates' energy minister said on Monday that OPEC+ was always willing to balance crude oil markets if needed, and that if consumers require its…
OPEC
U.S. Officials Promised Saudis It Wouldn’t Let Oil Market Collapse
U.S. officials told Saudi Arabia prior to the OPEC+ meeting that it would help stave off a collapse in the oil market by buying oil at $75 per barrel to repleni…
Crude Oil
APPEC EU Sanctions, Price Cap on Russian Oil to Raise Shipping Hurdles
Oil markets are bracing for the biggest shift in global trade flows ever as nearly 3 million barrels per day of Russian crude oil
OPEC
Putin Calls Saudi Crown Prince to Discuss Oil Market, OPEC+
Putin and MBS discuss OPEC+ and oil markets in phone call.
OPEC
OPEC+ to Assess Oil Market, Take Necessary Steps: Saudi FM
Saudi Arabian Foreign Minister Prince Faisal bin Farhan Al-Saud said that oil was not discussed at a U.S.-Arab summit held on Saturday, and that OPEC+ would con…
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