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Oil market still set to tighten in second half of 2024 - UBS
Investing.com· 1 day 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
Reports of the petrodollar system’s demise are ‘fake news’ — here’s why
MarketWatch via Yahoo Finance· 3 days agoStories about the collapse of a longstanding “petrodollar” agreement between the U.S. and Saudi...
Oil funds temper bearishness after OPEC+ reassurance
Gulf Business· 1 day agoInventories of both gasoline and diesel have been rising relative in the US, and consumption growth for oil remains tepid across some markets
Kuwait announces power cuts as demand spikes in summer heat
Digital Journal· 1 hour agoIn a statement on Wednesday, Kuwait’s Ministry of Electricity, Water and Renewable Energy said the scheduled cuts would occur for up to two hours a day, in the first such step for the
Nigeria oil licence auction attracts huge interest, regulator says
Reuters· 19 minutes agoNigeria is expanding the number of oil blocks slated for auction in its 2024 licensing round as well as extending the deadline for ending the exercise amid keen interest in the offer, the oil ...
Oil prices dip but still set for positive week on OPEC hopes By Investing.com
Investing.com· 6 days agoA bulk of crude’s gains this week came as prices rebounded from four-month lows, after the...
OPEC’s Trillion-Dollar Bet Against U.S. Shale
Oilprice.com via Yahoo Finance· 6 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.
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 calls for more fossil fuel investment to prevent shortfall, dismisses peak oil demand...
CNBC· 7 days agoThe head of OPEC said Thursday that the world will need to invest in fossil fuels for decades to...