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Outlook for global energy with new suppliers such as Guyana

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Demand is weaker, but it is getting better. There are challenges for both demand and supply sides for all oil-producing economies. The...

Faltering oil demand puts new pressure on OPEC+ production agreements

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(Bloomberg) -- It was meant to be the week when OPEC nations gathered in Baghdad to celebrate the cartel’s six decades as...

Brent hits five-month high

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(Reuters) - Oil rose on Monday, with Brent touching the highest in five months, underpinned by a 30% cut in Abu Dhabi...

World oil demand has grown by 13 million bpd over last...

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World oil demand has grown at a record pace—by 13 million barrels per day in the last four months—since the bottom of...

Democrats cut fossil-fuel promises from party platform in snub to climate...

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(Bloomberg) --Day three of the Democratic National Convention on Wednesday featured meetings of the Black and Hispanic caucuses, the run-up to Senator...

A tough summer for oil-dependent nations may foretell their new normal

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(Bloomberg) --From Baghdad and Algiers to Caracas, many of the world’s oil capitals are experiencing a summer of discontent. It could be a glimpse...

Oil rises after bigger-than-expected drop in inventories

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(Reuters) - Oil prices moved higher on Wednesday after an industry report showed that U.S. inventories of crude fell more than analysts expected, bolstering...

Oil tanker SKS SPEY lifts Guyana’s 3rd million-barrel cargo

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The offloading of Guyana’s 3rd million-barrel oil cargo from the Liza Destiny FPSO to Norwegian flag-carrier SKS SPEY concluded on Sunday, marking the final...

Oil giants’ production cuts come to 1 million bpd as they...

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(Reuters) - The world’s five largest oil companies collectively cut the value of their assets by nearly $50 billion in the second quarter, and...

Crude oil futures edge higher

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Crude oil futures were marginally higher in mid-morning Asian trade Aug. 7 as optimism over a better-than-expected US jobs report and pledged compensation cuts...