Markets

CLIMATE SCRUTINY
Differing Views on Oil Prices: Temporary Crash vs. Long-term Decline.
Opinions in recent news offer contrasting perspectives on the future of oil prices.
October 08, 2023
CLIMATE SCRUTINY
Aker BP ASA Drives Electrification in Norway's Yggdrasil Oil & Gas Project in the Wake of the Green Trend.
The prominent exploration and production company is forging ahead with an electrification project set to transform Norway's Yggdrasil area oil and gas project in the North Sea.
October 08, 2023
FUTURES WEEKLY RECAPS
Petroleum futures prices sank in week to Oct. 6 on poor US gasoline demand.
After price pressure from profit taking and a strengthening US dollar early in the period, data from the US EIA on Wednesday painted a bleak picture for the domestic gasoline market.
October 08, 2023
FORECASTS
Divergent views on the future of oil and gas: cautious optimism and climate concerns.
The future of the oil and gas industry is a subject of intense debate, with prominent figures offering contrasting perspectives on its trajectory.
October 01, 2023
FORECASTS
Standard Chartered introduces machine-learning model "SCORPIO" for Brent price forecasting.
The UK bank has unveiled a groundbreaking machine-learning model named SCORPIO (Standard Chartered Oil Research Price Indicator) for short-term forecasting of Brent crude oil prices.
October 01, 2023
CRUDE TRADES
Crude import trends in Asia: sour-crude imports rise in Japan but decline in South Korea, and a rebound in India's Russian imports.
In Aug., Japan, Asia's fourth-largest crude importer, saw a significant increase in its sour-crude imports from the United Arab Emirates (UAE).
October 01, 2023
OIL PRODUCTIONS NEWSFLASH
US’s offshore oil leasing plan faces criticism and praise.
The Biden administration has unveiled its five-year offshore oil and gas leasing plan, signaling a notable shift in energy policy.
October 01, 2023
OIL PRODUCTIONS NEWSFLASH
UK approves controversial $3.8B Rosebank oil project with low-carbon power initiative amid environmental concerns.
The country has granted approval for the development of the Rosebank oil and gas project in the North Sea, representing a significant investment of $3.8 billion by operator Equinor and partner Ithaca Energy.
October 01, 2023
CLIMATE SCRUTINY
Goldman Sachs Defends Bank's Commitment to Oil and Gas despite Climate Activist Pressure.
US investment bank's CEO, David Solomon, has stood firm against mounting pressure from climate activists demanding that the bank cease its financing of oil and gas companies.
October 01, 2023
CLIMATE SCRUTINY
TotalEnergies' Strategic Initiatives in Oil & Gas Production, Exploration, and Sustainable Growth.
French major energy firm remains resolute in its commitment to emissions reduction while concurrently planning to augment oil and gas production by up to 3% over the next five years.
October 01, 2023
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