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OIL INDUSTRY EXECUTIVES SAY OIL DEMAND IS BEATING FORECASTS.
Oil industry executives are witnessing stronger-than-expected growth in oil demand compared to the International Energy Agency's (IEA) projections. This uptick is driven by sluggish electric vehicle adoption and a thriving US economy, prompting a revision of forecasts.
- 2 years, 2 months
U.S.A: EPA’S NEW CAR EMISSION STANDARDS DOOM THE GASOLINE CAR.
This week, the Environmental Protection Agency (EPA) finalized new tailpipe emission standards, described as the strictest ever, aiming to save money, create jobs, and cut billions of tons of CO2 emissions.
- 2 years, 2 months
OIL SUPPORTED BY CRUDE, GASOLINE DRAWS.
Today, crude oil prices dipped as the Energy Information Administration revealed a 2-million-barrel reduction in U.S. crude oil inventories for the week ending March 15, accompanied by a decline in gasoline stocks.
- 2 years, 2 months
SAUDI ARAMCO TO EXPAND NATURAL GAS OUTPUT CAPACITY BY 60%.
Saudi Arabia's state oil giant Aramco, having abandoned plans to expand oil capacity earlier this year, is now set to increase its natural gas output by 60% by 2030, according to Reuters. This information comes from an Aramco executive speaking at the Houston CERAWeek energy conference.
- 2 years, 2 months
CNOOC MAKES ANOTHER MAJOR OIL DISCOVERY OFFSHORE CHINA.
CNOOC Limited has announced a significant oilfield discovery in the Bohai Sea off the coast of China, confirming more than 100 million tons of oil equivalent in-place volume.
- 2 years, 2 months
INDIA BUYS MORE U.S. OIL.
Stricter enforcement of sanctions on Russian crude oil has led to reduced exports to India. The volume of U.S. crude oil flowing to India in April is expected to be the highest since May 2023.
- 2 years, 2 months
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