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Energy

Will China’s Oil Demand Disappoint This Year? 

Jun 05, 2023 at 11:23 | Tsvetana Paraskova

China’s economic recovery is sputtering, prompting renewed concerns about crude oil and other commodities demand that could result in slower-than-expected global oil demand growth this year and weigh on oil…

Aramco Eyes Major Opportunity In Iraq

Jun 05, 2023 at 10:09 | Simon Watkins

Following the recent China-brokered resumption of relationship deal between historical enemies Saudi Arabia and Iran, a deal for the Kingdom to develop two key projects in Iran’s close…

Saudi Surprise Cut Signals OPEC+ Crisis

Jun 05, 2023 at 09:42 | Cyril Widdershoven

Following a suspense-filled weekend in Vienna, where OPEC oil ministers attempted to downplay media attention, global oil markets remain uncertain about the direction of oil prices. The recent "surprise" oil…

Oil Majors Keen On Libya’s Untapped Potential

Jun 05, 2023 at 09:20 | Felicity Bradstock

Following the failed Presidential elections of December 2021 and its negative impact on the oil and gas industry, Libya’s oil production started to get back on track in the second…

China's Investment Boom Is Fueling Growth In Central Asia

Jun 05, 2023 at 09:17 | Eurasianet

China and Kazakhstan are planning a new rail connection and border crossing in the Bakhty-Ayagoz area, expressing hope that the new route can cut freight transit times. Kazakh President Kassym-Jomart…

Mexico’s Energy Conundrum: AMLO’s Nationalization Plans Face Scrutiny

Jun 05, 2023 at 09:10 | Felicity Bradstock

Mexico’s state-owned oil company Pemex has faced challenge after challenge, following scrutiny over its poor safety standards and low production levels and now it’s likely to miss the scheduled launch…

China’s Economic Rebound Reshapes Emerging Markets

Jun 05, 2023 at 09:04 | Oxford Business Group

After three years of rolling Covid-19 lockdowns and trade disruptions, China posted faster-than-expected GDP growth in the first quarter of 2023, at 4.5% year-on-year (y-o-y), but the uneven nature of…

Ukraine's Energy Sector Surges Despite Adversities

Jun 05, 2023 at 09:00 | Felicity Bradstock

After worries about surviving the harsh winter months, Ukraine’s energy industry has made it through to the other side. And, contrary to expectations, there is some optimism around the future…

IEA Warns Of Higher Oil Prices After OPEC+ Announcement

Jun 05, 2023 at 08:59 | Michael Kern

Oil prices are now a lot more likely to rise after OPEC+ extended the cuts into 2024 and Saudi Arabia announced an additional reduction of 1 million bpd for July,…

Oil Prices Climb As Saudi Arabia Goes It Alone With Additional Cut

Jun 05, 2023 at 00:40 | Irina Slav

Crude oil prices rose by more than 1% in early trade today following the OPEC+ meeting that took place Sunday. At that meeting, Saudi Arabia said it would voluntarily cut…

OPEC+ Discussing 1 Million Bpd Output Cut

Jun 02, 2023 at 15:57 | Julianne Geiger

Oil prices were trading up on Friday afternoon as shorters got a little nervous heading into the OPEC+ weekend, with new rumors circulating about the group’s discussions about another 1…

U.S. Exports Of LNG Dip In May

Jun 02, 2023 at 13:08 | Julianne Geiger

LNG exports out of the United States fell in May to 7.66 million tonnes, according to shipping data cited by Reuters. That’s a 0.35 million tonne dropoff from the previous…

ExxonMobil: New Fracking Technology Can Double Oil Output

Jun 02, 2023 at 12:56 | Alex Kimani

The U.S. shale revolution dramatically reshaped the world energy markets. The shale boom was one of the most impressive growth stories, from take off in 2008 to the…

Insurers Signal Fallout From Sanctions On Russia

Jun 02, 2023 at 12:48 | Irina Slav

A year ago, the Financial Times reported how maritime insurers were concerned that sanctions targeting Russian oil exports would disrupt global supply chains, lead to higher prices,…

Oil Prices Climb As U.S. Rig Count Sees Another Double-Digit Decline

Jun 02, 2023 at 12:26 | Julianne Geiger

The total number of total active drilling rigs in the United States fell by 15 this week, according to new data from Baker Hughes published Friday, falling by 52 over…

IEA: Renewables Installations In 2023 Soar To Levels We’ve Never Seen

Jun 02, 2023 at 11:34 | Tsvetana Paraskova

The energy crisis in Europe, the Inflation Reduction Act in the United States, and the continued strong expansion of green energy installations in China are all expected to contribute to…

The Battle To Decarbonize The Aviation Industry

Jun 02, 2023 at 10:45 | Felicity Bradstock

With news that France is banning short-haul flights, many will be wondering how other countries plan to decarbonize their aviation sectors. France has taken the first steps to changing commercial…

The Market Expects OPEC+ To Keep Oil Production Unchanged

Jun 02, 2023 at 09:06 | Michael Kern

OPEC+ is not expected to announce a change in oil production policy at the in-person meeting this weekend, OPEC+ delegates told CNBC ahead of the much-anticipated gathering. It is…

Oil Demand Outlook Remains Uncertain Ahead Of OPEC Meeting

Jun 02, 2023 at 08:56 | Editorial Dept

Ahead of the upcoming OPEC+ meeting, July WTI oil prices saw a significant increase on Thursday, offsetting rising inventories in the US. The passing of a bill to suspend the…

Japan's Efforts To Reduce Its Reliance On LNG

Jun 02, 2023 at 08:56 | Editorial Dept

1. Exxon Sees Future in Chinese PetrochemicalsDespite a dramatic worsening in the US-Chinese relationship in…

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