Markets

The upcoming Aug. meeting of the Joint Ministerial Monitoring Committee (JMMC), tasked with overseeing the OPEC+ oil market, is anticipated to maintain the status quo on production policies.

UK energy major bp warned that the slow global transition from fossil fuels to clean energy is increasing the risk of a

While US shale oil production has seen significant growth over the past decade, it has also encountered periods of slump.

Canada's heavy oil has emerged as a key player in global oil growth as the oil sands sector is experiencing a resurgence, driven by the completion of the Trans Mountain Expansion Project (TMX) after significant delays.

In recent months, both China and India have showcased distinctive trends in their oil import strategies, reflecting broader shifts in the Asian energy landscape.

Continued opposing future views of the global oil market flare up again as IEA's latest downward revision sparks OPEC criticism amid oil market volatility.

OPEC+ opted for a cautious approach at their recent meeting, extending existing production cuts of 3.6MM b/d until the end of 2025.

The OPEC+ alliance is anticipated to prolong its existing production cuts of 2.2 MM b/d into the latter half of 2024.

What drives oil consumption in short and medium terms?

Nigeria's Dangote refinery is making strategic moves to secure a consistent crude oil supply and expand its exports of low-sulfur straight-run fuel oil (LSSR) to Europe.