As 2024 unfolds, Wall Street's cautious stance on oil prices mirrors concerns about limited upside potential.
January 06, 2024
In the US, the locational premium of WTI Houston over WTI Midland is anticipated to widen, reflecting the sustained export demand and the rising Permian crude production.
December 31, 2023
Refineries in the continent are grappling with a decline in demand for fuels, leading to a reluctance among many operators to invest in plant upgrades.
December 31, 2023
Russian Deputy Prime Minister Alexander Novak's forecast of Brent oil prices between $80-85/b in 2024 echoes Russia's strategy to bolster revenues amidst geopolitical challenges.
December 30, 2023
US Sour Crude Market Dynamics in a Global Context
December 30, 2023
In 2023, the global oil industry faced significant challenges, with the year poised to conclude in negative territory.
December 24, 2023
December 24, 2023
The world's third-largest oil consumer is anticipated to experience a deceleration in crude oil demand growth in 2024.
December 16, 2023
The EIA has revised downward its Brent price forecast, projecting an average of $83/bbl for the upcoming year, citing concerns over global oil demand growth
December 16, 2023
China National Petroleum Corporation (CNPC), a state-owned oil and gas entity, projects a peak in China's oil demand by 2030, forecasting an annual range between 780MM and 800MM mt.
December 10, 2023
