Markets

Oil prices experienced a week of fluctuation as the market grappled with a combination of geopolitical uncertainty and shifting supply-and-demand outlooks.

A series of new reports from major energy analysts and organizations presented a mixed and often contradictory outlook for the global oil market, creating significant uncertainty for traders and investors.

The US Energy Information Administration (EIA) has issued a bearish forecast for global oil prices, predicting a significant decline in the coming months.

Despite publicly adopting a

Guyana’s oil-producing capacity has surged to 900K b/d with the start of production at ExxonMobil's Yellowtail development in the offshore Stabroek block.

Asian refiners widely prefer that India continues to import large volumes of Russian crude, as this strategy significantly reduces competition for their traditional staple of Middle Eastern sour crude.

The global oil market is currently in a state of flux, influenced by a complex interplay of geopolitical pressures, supply decisions from major producers, and evolving economic forecasts

The first full week of Aug. has proven to be a volatile one for the oil market, with prices facing consistent downward pressure.

The UK energy major has announced its largest oil and gas discovery in 25 years in the deepwater Bumerangue block of Brazil's Santos basin.

The oil and gas industry in South America is being reshaped by a combination of US sanctions, corporate strategy shifts, and new government policies.