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Reports of the petrodollar system’s demise are ‘fake news’ — here’s why
MarketWatch via Yahoo Finance· 2 days agoStories about the collapse of a longstanding “petrodollar” agreement between the U.S. and Saudi...
Russian Crude Flows Climb Despite Pledge to Stiffen Output Curbs
Bloomberg via Yahoo News· 1 day ago(Bloomberg) -- Russia’s four-week average crude exports rose for a second straight week in the...
Oil funds temper bearishness after OPEC+ reassurance
Gulf Business· 18 hours agoInventories of both gasoline and diesel have been rising relative in the US, and consumption growth for oil remains tepid across some markets
Oil market still set to tighten in second half of 2024 - UBS By Investing.com
Investing.com· 13 hours agoThe major energy agencies have all recently made revisions to the likely oil balances this year and...
OPEC sees no peak oil demand long term, secretary general says
Gulf Business· 3 days agoOPEC+ members are cutting output by a total of 5.86 million bpd, or about 5.7% of global demand
Bottom Line: Oil magnate accused of OPEC collusion brings on top lobbying shop
The Hill via AOL· 1 day agoOil and gas Brownstein Hyatt Farber Schreck registered to lobby on issues related to the Federal...
Russia exceeds OPEC+ May output target, vows to get back in line
Offshore Technology via Yahoo Finance· 6 days agoRussia has promised to meet its OPEC+ oil production targets in June after pumping too much oil in...
OPEC’s Trillion-Dollar Bet Against U.S. Shale
Oilprice.com via Yahoo Finance· 5 days agoOPEC's strategy to defend market share against US shale oil production has cost them trillions in lost revenue, but they may finally be seeing a light at the end of the tunnel as US production flattens.
Fossil fuel use, emissions hit records in 2023, report says
AOL· 34 minutes agoGlobal fossil fuel consumption and energy emissions hit all-time highs in 2023, even as fossil fuels' share of the global energy mix decreased slightly on the year, the industry's Statistical ...
OPEC calls for more fossil fuel investment to prevent shortfall, dismisses peak oil demand...
CNBC· 6 days agoThe head of OPEC said Thursday that the world will need to invest in fossil fuels for decades to...