The oil industry of the Middle Eastern producer is undergoing a dynamic shift with significant developments in both exports and diplomatic negotiations.
August 28, 2023
US oil production is poised to make significant waves in the global energy market as forecasts indicate a rapid increase.
August 12, 2023
Ecuador's once-thriving oil industry, which peaked at 557K b/d in 2014, faces a formidable decline attributed to a complex web of issues.
August 12, 2023
President Luiz Inacio Lula da Silva's government is leaning towards greenlighting state-run oil firm Petrobras to survey the ecologically sensitive Foz do Amazonas offshore area.
August 12, 2023
he recent August delivery trade cycle for medium sour crude Mars has seen its most robust average differential since June 2020.
August 05, 2023
The Guyana Suriname Basin is undergoing a significant transformation in its oil estimates, primarily driven by Exxon's substantial discoveries in the Stabroek Block, with more than 11B bbls of oil believed to be present.
August 05, 2023
Guyana, home to significant oil discoveries, is not interested in joining OPEC as it seeks to maximize its oil production and economic growth.
July 30, 2023
