The country’s crude imports from Venezuela have surged to their highest level since 2006, largely due to a special US license granted to Spanish energy company Repsol.
December 08, 2024
OPEC+ has decided to delay the start of its production increases for three months, postponing the gradual easing of its cuts from Jan. 2025 to Apr. 2025.
December 08, 2024
The deal between Israel and Hezbollah was seen as minimizing the potential for war-related supply disruptions in the region.
December 03, 2024
In addition to an escalation in Russia's war on Ukraine, an outage in the Johan Sverdrup oil field had traders fixated on real and potential supply disruptions.
November 26, 2024
Sharp day-on-day price drops on Monday and Friday were largely spurred by concerns about soft demand, particularly in China.
November 18, 2024
As Donald Trump returns to the White House, his energy policy promises to shift focus toward maximizing US oil and gas production, signaling a potential boost to fossil fuel sectors.
November 11, 2024
The biggest day-on-day increase was seen on Monday after OPEC+ opted to postpone its output hike by one more month.
November 11, 2024
The global oil market is grappling with heightened volatility, driven by multiple intersecting factors, including OPEC+ production decisions, geopolitical developments, and the shifting US political and fiscal landscape.
November 10, 2024
OPEC+ has delayed its planned rollback of voluntary crude production cuts by one month, with the gradual increase now scheduled to begin in Jan. 2025, instead of Dec. 2024.
November 10, 2024
Canada’s federal government has introduced an emissions cap targeting its oil and gas sector, which is responsible for a significant portion of the country's greenhouse gas emissions.
November 10, 2024
