India is winning the competition with China to attract Russian crude cargoes with vessels turning mid-voyage away from their previous…
Browsing: OPEC Announcements
Equinor’s Arctic Discovery: A Strategic Boost Amidst Market Volatility Equinor’s recent oil discovery in the Barents Sea, near its colossal…
A total of some 90 ships have passed through the Strait of Hormuz since the U.S. and Israel started bombing…
The global oil market is once again reminded of the inherent fragility of supply from politically volatile regions. A recent…
The global oil market is often a complex interplay of geopolitics, supply logistics, and shifting demand, and today’s agreement between…
The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 6.556 million barrels in…
Germany is clamping down on fuel price hikes amid war-driven oil volatility that is stressing Europe’s largest economy.The government approved…
Japan’s petroleum refiner Idemitsu Kosan has committed $500 million to LNG investment company MidOcean Energy as part of MidOcean’s equity…
The Trump administration is weighing a $1 billion payout to compensate TotalEnergies for canceled offshore wind leases, reports suggest, making…
The global oil market is experiencing a significant shift as Chinese state oil giants, including Sinopec and PetroChina, are once…