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U.S ENERGY INFORMATION ADMINISTRATION (EIA) CONFIRMS MODERATE CRUDE BUILD, PRODUCTS DRAW.
Crude oil prices went lower today, after the U.S. Energy Information Administration reported an estimated inventory increase of 4.2 million barrels for the week to February 23.
- 2 years, 2 months
WTI SOARS PAST $80 PER BARREL AS OIL MARKET TIGHTENS.
The price of a WTI barrel soared to heights not seen since November as the market braces for an OPEC+ decision on oil production levels in April and beyond.
- 2 years, 2 months
OMAN INCREASES ITS APPEAL TO CHINA AND IRAN WITH GAME CHANGING DUQM PROJECT.
The long-awaited Duqm Refinery Project (DRP), valued at US$8.5 billion and capable of processing 230,000 barrels per day (bpd), was officially inaugurated on 7 February, this project, along with ancillary projects costing approximately US$10 billion, enhances Oman's appeal to China and nearby Iran.
- 2 years, 3 months
MEET THE MAN USING AI TO REVIVE AN OIL & GAS PLAY SUPERMAJORS LEFT FOR DEAD.
A North American company is preparing to drill two wells that could be crucial for a new phase of European energy.
- 2 years, 3 months
CANADA OIL FACES FRESH PIPELINE SHORTAGE.
The expanded Trans Mountain will add 590,000 barrels daily to the country's oil pipeline network. With production already on a growth trajectory, it will only provide producers with offtake capacity relief for a very short while. Canadian oil production could hit 5.3 million barrels daily this year, this would be a record high and an excess on the country's pipeline network.
- 2 years, 3 months
RUSSIAN ENERGY IS TOO CHEAP FOR SOME COUNTRIES TO RESIST.
While some countries decrease reliance on Russian energy due to sanctions, others, like China and India, deepen ties with Moscow to secure low-cost energy supplies. China and India's increased imports of Russian energy contribute to a decline in oil prices and undermine the effectiveness of U.S. and EU sanctions. India's defense of buying Russian energy highlights its strategic energy and economic considerations amid global geopolitical tensions.
- 2 years, 3 months
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