Markets

FORECASTS
Declining Chinese demand and softening jet fuel consumption weigh on global oil outlook.
Global oil demand is facing a bearish outlook due to several converging factors affecting key markets.
August 18, 2024
OIL PRODUCTIONS NEWSFLASH
US crude production peaks while exports and shipping rates decline.
US oil output reached a new record high, with Lower-48 production having risen by 100K b/d to 13MM b/d.
August 18, 2024
OIL PRODUCTIONS NEWSFLASH
Fully committed: Norway’s oil investment to reach record highs in 2024.
The major Scandinavian producer’s oil and gas sector is set to achieve record investment levels in 2024, with total spending projected to hit $24B (257B Norwegian crowns).
August 18, 2024
OIL PRODUCTIONS NEWSFLASH
Iraq shifts to profit-sharing contracts to boost oil and gas investment.
OPEC's second-largest producer is transitioning to profit-sharing contracts for its oil and gas sector, marking a significant regulatory change aimed at attracting higher investment.
August 18, 2024
CRUDE TRADES
Global trade shift: China increases Canadian oil and reduces Saudi imports.
The Trans Mountain Expansion (TMX) pipeline has enhanced the economic viability of Canadian crude exports to East China, particularly Access Western Blend (AWB).
August 18, 2024
CRUDE TRADES
Russian crude shipments recover as India remains a major buyer.
The major OPEC+ producer’s oil exports by sea increased to an average of 3.19MM b/d in the four weeks ending Aug. 11, marking a rebound from their lowest level in 11 months.
August 18, 2024
FEATURE OF THE WEEK
Crude Security and Price Volatility
The Sharara oil field, Libya's largest, has halted production due to protests and political conflicts.
August 12, 2024
FUTURES WEEKLY RECAPS
Crude futures prices recovered in week to Aug. 9 after four bearish periods.
After a rough start on Monday, WTI and Brent futures rose on each of the remaining days of the week.
August 12, 2024
OIL PRODUCTIONS NEWSFLASH
Oil E&P opportunities and challenges: Mexico and Kazakhstan.
Two recent developments reflect significant opportunities and challenges in the global oil exploration and production (E&P) sector.
August 11, 2024
CLIMATE SCRUTINY
Energy transition: advancements and implications in North Sea exploration and Norwegian oil production.
Recent developments in North Sea exploration and Norwegian oil production highlight critical shifts in the energy landscape with significant implications for global markets.
August 11, 2024
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