The South Asian country is poised for significant developments in the oil and gas sector, with potential investments estimated at $100B in exploration by 2030.
September 29, 2024
Russia's ESPO Blend oil has recently risen to a premium over the Brent benchmark for the first time since Nov. 2023, driven by increased demand from Chinese refiners.
September 28, 2024
OPEC's 2024 World Oil Outlook (WOO) presents a compelling case for the continued growth of global oil demand, projecting an increase to over 120MM b/d by 2050.
September 28, 2024
Bank of America analysts suggest that traders shorting crude oil may be miscalculating market dynamics, warning that energy demand could rebound significantly in the near future.
September 28, 2024
OPEC+ sources have recently reaffirmed that there is no specific price target for crude oil, countering speculation about an unofficial $100/b target, particularly attributed to Saudi Arabia.
September 28, 2024
Hurricane Helene has significantly affected oil and gas operations in the Gulf of Mexico, leading to notable production shut-ins and operational adjustments.
September 28, 2024
European refiners are exploring alternative crude supplies in response to disruptions in Libya as Germany boosts its imports of Kazakh oil.
September 23, 2024
The long-awaited interest-rate cut by the US Federal Reserve was welcomed by many market watchers as a harbinger of better oil demand but also sparked concerns about the current state of the US economy.
September 22, 2024
South Sudan is preparing to restart its heavy-sweet Dar Blend crude exports through Sudan, aiming for a resumption within weeks.
September 22, 2024
Russia's increasing reliance on Asian markets, particularly India and recently Indonesia, marks a significant shift in global oil trade dynamics.
September 22, 2024