The war premium remained largely intact despite a dip on Tuesday due to short-lived hopes for a ceasefire.
October 14, 2024
The US Energy Information Administration (EIA) has revised its oil price projections downward, reflecting heightened concerns about global demand.
October 12, 2024
The OPEC kingpin has raised the price of its Arab Light crude for Asian buyers by $0.90/b, now set at a premium of $2.20 above the Dubai/Oman benchmark.
October 12, 2024
Recent geopolitical tensions in the Middle East have elevated concerns regarding the stability of crude supply, which could significantly impact the global oil market.
October 12, 2024
US energy major has initiated a significant strategic shift by divesting its Canadian oil sands and shale assets to Canadian Natural Resources Limited (CNRL) for $6.5B, alongside selling minority stakes in Alaska's Kuparuk and Prudhoe Bay oilfields to ConocoPhillips for approximately $300MM.
October 12, 2024
Libya's oil output has rebounded to 1.13MM b/d as of Oct. 8, 2024, following the resolution of a political crisis that had severely disrupted production.
October 12, 2024
Iran's crude oil exports have experienced a sharp decline, with estimated export loadings dropping to approximately 237K b/d as of early Oct.—this represents the lowest weekly total in at least two years.
October 12, 2024
The global oil market must navigate between geopolitical tensions and supply-demand dynamics.
October 07, 2024
Heightened tensions between Israel and Iran pushed futures prices for crude benchmarks to five-week highs.
October 07, 2024
Petrobras, Brazil's state-owned oil company, is making significant strides in revitalizing the Tupi oil field, one of the largest deep-water reserves globally.
October 06, 2024
