Speculators and algorithmic traders are increasingly optimistic about rising oil prices, driven by anticipated policy shifts in the US, stricter sanctions on Iran, and evolving trends in global oil demand.
January 11, 2025
In Canada, Suncor Energy achieved record-breaking oil production in 2024, surpassing its high-end forecast due to growing demand and improved market access.
January 11, 2025
Venezuela's oil exports grew 10.5% in 2024, averaging 772K b/d, the highest since 2019.
January 11, 2025
The US is preparing to implement stringent sanctions on Russia's oil industry, targeting over 180 vessels, senior executives, traders, and two major oil companies.
January 11, 2025
The global oil market in 2025 is poised to see a surplus, driven by increasing non-OPEC+ supply and modest demand growth.
January 06, 2025
Crude oil prices have seen significant fluctuations in the closing weeks of 2024, driven by a complex mix of economic factors, geopolitical risks, and shifting market sentiment.
January 05, 2025
In 2025, the US Gulf of Mexico is set to achieve record oil production, expected to reach around 2MM b/d, driven by the commencement of several major deepwater fields.
January 05, 2025
The potential return of Donald Trump to the White House in 2025 could have far-reaching consequences for the global oil market, particularly in regard to the flow of Iranian oil to China.
January 05, 2025
Mediterranean imports of Middle Eastern crude are expected to increase in 2025, as Russian and Iranian supply dwindles, despite rising prices.
January 05, 2025
The global oil market in 2025 is poised to see a surplus, driven by increasing non-OPEC+ supply and modest demand growth.
January 04, 2025
