The oil market is bracing for a surge in prices following Iran's recent drone and missile attack on Israel, the first such direct assault on Israeli soil, which has escalated tensions in the Middle East...
In its latest assessment of the global oil market, OPEC maintains a steady perspective on oil demand growth while adjusting its forecast for non-OPEC supply. The Vienna-based cartel, in its monthly report,...
In the current oil market, prices are maintaining a relative steadiness, influenced by conflicting forces. Brent crude hovers near $86 a barrel, showing little change after a significant drop fueled by...
The Organization of the Petroleum Exporting Countries (OPEC) maintained its global oil-demand growth projections while raising its economic forecast for this year, buoyed by falling inflation and expected...
NYMEX WTI and ICE Brent crude oil prices have made higher lows and higher highs since the mid-December 2023 lows. The trend is always your best friend in markets across all asset classes until it bends....
Oil and gas giants are venturing into geothermal energy, leveraging their expertise and technology from the shale revolution to tap into clean, renewable power sources. Companies like Chevron(CVX), BP...
Petroleos Mexicanos (PEMEX), Mexico's state-run oil giant, has been at the center of a bond market drama that has left many investors divided. Octavio Romero, the CEO of Pemex, recently criticized Moody's...
The OPEC report indicates mixed results in the delivery of new oil production cuts. Kuwait and Algeria have successfully implemented their share, while Iraq's reduction has fallen significantly short of...
The U.S. Energy Information Administration's (EIA) latest forecast has tempered some concerns about a potential glut in the global oil market, indicating that U.S. oil production is likely to plateau throughout...
As we navigate through the early months of the year, the oil market is exhibiting a cautious upward trend, with Brent crude closing above $80 a barrel for the first time this year. This subtle yet notable...