Tag: oil market
Outlook for global energy with new suppliers such as Guyana
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
(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
(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...
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...
(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
(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
(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
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...
(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
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...