China’s oil demand continues to…
A transition to net zero…
In as little as eight years since ExxonMobil’s first offshore discovery in Guyana the impoverished former British colony has emerged as a major oil producer and exporter.…
Mexico still has a strong potential for oil and gas despite faltering due to nationalisation policies and a poor health and safety record in recent years. Despite a poor track…
Since the 2020 COVID-19 pandemic, Colombia’s economically crucial oil industry has struggled to recover. During 2022, Colombia only pumped an average of 754,199 barrels daily, which is significantly…
Anti-oil groups won a victory on Monday after the Supreme Court ruled that lawsuits brought against the oil industry by municipalities should proceed at the state level. The issue at…
Global refining margins have halved since February as Russian crude exports remain elevated despite sanctions, boosting fuel output from China and India, Reuters has reported, noting…
We all know who the biggest producers of crude oil in the world are and can list the top three without effort. But here’s the thing –…
China’s economy grew by 2.2 percent on a seasonally adjusted basis in the first quarter (Q1), a massive improvement on the previous quarter’s 0.6 percent growth. Also positive from the…
China imported the highest-ever volumes of Russian crude oil in March, which kept Russia on top of Chinese crude suppliers’ list ahead of Saudi Arabia, government data from China showed…
Reports of supermajor ExxonMobil holding informal discussions to buy the top pure-shale firm, Pioneer Natural Resources, reignited market talk about the start of the next phase of mergers and acquisitions…
Previously, we reported that energy agencies have been growing more bearish with their forecasts on oil demand growth with four experts including IEA and OPEC Secretariat giving divergent views.…
The recent shock OPEC+ production cut of nearly 1.2 million barrels per day caught the world by surprise and caused the price of oil to spiral higher, with Brent soaring…
The continuous shift in oil trade flows following the EU embargo on Russian exports is a huge win for the crude from Western Europe's largest oilfield offshore Norway. Norway's Johan…
Crude oil prices inched lower today, after the U.S. Energy Information Administration reported an inventory draw of 4.6 million barrels for the week to April 14. This compared with…
The trade shift in Russian oil flows is benefitting Moscow’s Middle Eastern allies in the OPEC+ pact as the biggest Arab Gulf oil producers, Saudi Arabia and the United Arab…
Did you know that central banks bought more gold last year than any year in the past 55 years—since 1967? Though most don’t realize it, 1967…
Projecting long-term oil demand during the ongoing energy transition has been likened to trying to catch lightning in a bottle, with prognostications by different experts varying wildly. Oil
Shark Tank investor Kevin O'Leary has just announced plans to build a new $14-billion refinery in the United States to help America become more energy independent. The U.S. needs a…
Predicting how an industry will look 20 or more years from now is always a challenge. There are always unforeseen factors that have potential powers of disruption that could throw…
OPEC’s crude oil production fell to 28.797 million bpd, according to OPEC’s latest edition of its Monthly Oil Market Report. According to OPEC’s secondary sources, OPEC’s 13 members produced 86,000…
The small Caribbean nation of Guyana is experiencing a colossal oil boom which keeps getting bigger and bigger. In January 2023,…