Colombia aims to increase its oil production to 1 MM b/d by revitalizing underutilized exploration blocks, according to Energy Minister Andrés Camacho.
May 26, 2024
n a notable admission, Russia has disclosed that it exceeded its OPEC+ production quota in Apr. due to
May 26, 2024
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.
May 20, 2024
Expectations of improving demand as well as the potential for localized supply disruptions pushed prices higher.
May 20, 2024
Refining margins in Asia have plummeted to their lowest in seven months, prompting a shift away from expensive Middle Eastern crude towards cheaper alternatives from the Americas.
May 19, 2024
OPEC Optimism vs. IEA Concerns: Diverging Oil Demand and Supply Forecasts for 2024.
May 18, 2024
Recent analyses by Macquarie and Standard Chartered Bank highlight cautious outlooks for the oil market amidst geopolitical tensions and economic factors.
May 18, 2024
Recent developments within OPEC+ underscore ongoing tensions over member countries' oil production quotas, echoing past controversies that nearly fractured the alliance.
May 18, 2024
The oil market grapples with contrasting views: pessimism alongside analysts maintaining optimism regarding oil prices.
May 13, 2024
A shortage of market-moving news helped keep prices relatively steady over the period.
May 13, 2024
