Saudi Arabia Offers Deeper Crude Discounts to Asian Buyers
Aramco has urged Asian buyers to buy more Saudi crude for October loading after the world’s top crude…
Potential imbalance in oil demand and supply on the cards
With data showing the availability of proven reserves for only 14 years of current production, Rystad Energy, an…
Why Model-Based Oil Forecasts Keep Missing the Mark
Last week, oil traders cut their bullish bets on crude to the lowest in 16 years on expectations…
Asia Faces Zero Growth in Demand For Petroleum Products
Earlier this week, China’s Sinopec reported a plunge in its first-half profit, citing subdued fuel demand as a…
The Feared Global Oil Glut Is Not Here, Yet
Global crude oil exports continue to hold strong and above the latest ten-year seasonal average. Demand, however, is…
Rystad Energy Reveals Surprising Oil Resource Trends
Rystad Energy’s latest research shows the global amount of discovered, recoverable oil resources has increased by 5 billion…
IEA: Record Supply Surge Sets Stage for Oil Stockpile Blowout
Soaring crude oil supply will lead to a record glut later this year and in early 2026 as…
Rumors of Shale’s Peak Were Premature
During earnings season for the first quarter of the year, the message of the U.S. energy industry to…
After OPEC’s Oil Supply Cuts, What Now?
OPEC+ will complete the unwinding of its largest production cut next month after agreeing this weekend to boost…
Oil rig count drops with prices that crude is commanding
Later today, oil services and technology company Baker Hughes will release its U.S. rig count, which is the…
OPEC+ likely to pause output hikes after next meeting, says Goldman Sachs
(Bloomberg) – The OPEC+ oil producer alliance is likely to make its next hike in collective output its…
IEA Doubles Down On Peak Oil Demand Forecast
A peak in global oil demand is still on the horizon, the International Energy Agency (IEA) said on…