Feb 12, 2024
Brazil’s Gas Imports Fall to Lowest Level In 20 Years Thanks to Hydro Push
Brazil’s natural gas imports fell to a 20-year low last year, according to data from the National Agency for Petroleum,
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Feb 12, 2024
Oil Prices Set for a Weekly Gain as Hope for Middle East Ceasefire Fizzles Out
After a weak start to the week, crude oil benchmarks appear set for a weekly gain after the news broke
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Feb 7, 2024
Oil Market Needs $14 Trillion: OPEC Secretary General
The global oil market will require $14 trillion in investments over the next 20 years if oil-producing nations hope to
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Feb 7, 2024
Saudi Order to Halt Oil Capacity Expansion Won’t Stop Oilfield Services Growth
The Saudi government’s order for Aramco to suspend work on expanding its oil production capacity from 12 to 13 million
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Feb 6, 2024
Prediction of Oil Shortage by 2025
Warren Buffett-backed Occidental Petroleum is predicting an oil supply shortage by 2025 due to global failure to replace crude reserves
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Feb 4, 2024
European Industry Hesitant to Boost Natural Gas Demand Amid Price Volatility
European industries continue to be hesitant about boosting natural gas consumption, although prices are now a fraction of the records
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Feb 3, 2024
U.S. Charges Iranian Oil Trafficking Network Over Sanctions Evasion
The United States announced terrorism and sanctions-evasion charges on Friday, including asset seizures, over a billion-dollar network linked to oil
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Jan 31, 2024
Saudi State Orders Aramco to Stop Oil Capacity Expansion
The Saudi state has ordered energy major Aramco to stop work on expanding its maximum sustainable capacity to 13 million
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Jan 31, 2024
OPEC Production Cuts Send Marathon Petroleum’s Profits Above Expectations
Ohio-based oil refiner Marathon Petroleum (MPC) saw its Q4 profits exceed analyst expectations, the company reported on Tuesday—thanks in part
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Jan 31, 2024
Crude Oil, Product Inventories Fall, Boosting Prices Further
Crude oil inventories in the United States fell again this week, by 2.5 million barrels for the week ending January
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