Markets

OIL PRODUCTIONS NEWSFLASH
Norway's offshore oil and gas developments and record investments in 2024
June 02, 2024
OIL PRODUCTIONS NEWSFLASH
Iran's ambitious $4.6B oil project launch and production expansion
Iran is poised to embark on 32 oil industry projects totaling $4.6B, according to Petroleum Minister Jawad Owji.
June 02, 2024
CRUDE TRADES
South Korea shifts to US crude amid high Gulf insurance fees, FTA with UAE could alter landscape
Asia’s third-largest crude importer is increasingly favoring US crude over Gulf barrels due to more favorable economics.
June 02, 2024
OIL PRODUCTIONS NEWSFLASH
OPEC+ courts African producers to boost global market influence
OPEC+ is intensifying efforts to expand its influence by engaging with emerging African oil producers like Namibia, Senegal, and Ghana.
June 02, 2024
FORECASTS
Optimistic projections for global oil demand growth: OPEC and GS
OPEC remains confident about substantial growth in global oil demand for 2024 and 2025, despite economic uncertainties and high interest rates potentially affecting consumption.
June 01, 2024
OIL PRODUCTIONS NEWSFLASH
EIA adjusts 2024 US crude output forecast downward
The US EIA has slightly lowered its forecast for US oil production in 2024.
June 01, 2024
CLIMATE SCRUTINY
Impact of proposed emissions cap on Canada's oil and gas industry
Canada faces potential economic losses amounting to US$55B (C$75B) in upstream investment by 2035 if a stringent 40% emissions cap is enforced starting in 2030.
June 01, 2024
FEATURE OF THE WEEK
Demand Drivers
What drives oil consumption in short and medium terms?
May 27, 2024
FUTURES WEEKLY RECAPS
Oil futures prices fell to multi-month lows in week to May 24.
Concerns about stubborn inflation and high interest rates in the US held the attention of traders throughout most of the period.
May 27, 2024
OIL PRODUCTIONS NEWSFLASH
Analysts weigh in on OPEC+ strategies ahead of June meeting.
Macquarie and JP Morgan have offered insights into the upcoming OPEC+ meeting on June 1.
May 26, 2024
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