A recent meeting of the Joint Ministerial Monitoring Committee (JMMC) of OPEC+ resulted in no change to the group's output policy, emphasizing the need for members who exceeded production quotas to submit compensation plans.
April 08, 2024
Geopolitical Dynamics Shape Oil Trade in the World with China's Record Russian Imports and India's U.S. Oil Surge Amid Sanctions.
March 25, 2024
A surge in American crude exports is reshaping the dynamics of the global oil market, particularly impacting Europe.
March 18, 2024
A second shipment of US WTI is en route to Nigeria's Dangote refinery, signaling a strategic move in the global crude oil market.
March 11, 2024
In a seismic shift, the Western Hemisphere, spearheaded by the US, Canada, Brazil, and Guyana, has become the primary driver of global oil production growth
March 04, 2024
Russia's invasion of Ukraine and subsequent Western sanctions have significantly altered the dynamics of the global oil and gas market.
February 26, 2024
OPEC, in its latest Monthly Oil Market Report, anticipates a 1.8MM b/d increase in global oil demand in 2025, reaching 106.2MM b/d.
February 19, 2024
Red Sea Disruptions Prompt Temporary Fragmentation as Traders Bolster Bullish Bets on Oil.
February 13, 2024
Eni and South Korean Refiners Lead the Charge in Global Biofuel Transition, Reshaping Oil and Gas Landscape.
February 03, 2024
Major oil producers, including ADNOC, Reliance Industries, and Shell, are taking precautions midst of escalating security risks in the Red Sea.
January 21, 2024
