Crude oil
Is oil market’s glass half full or half empty?
Global petroleum prices appear reasonable given the level of inventories – to the frustration of the producers who would like them to be significantly higher.
Oil heads for fourth straight quarterly decline
Oil prices rose above $75 a barrel but were on course for a fourth consecutive quarter of losses amid concerns over sluggish global economic activity and fuel demand.
OPEC oil output posts small drop in June ahead of Saudi cut
OPEC oil output has fallen only slightly in June as increases in Iraq and Nigeria limited the impact of cutbacks by others, despite a wider OPEC+ deal and voluntary cuts by several members to support the market.
Oil steadies after spiking on U.S. inventory fall
Oil prices steadied, a day after rising sharply on a bigger-than-expected fall in U.S. inventories, as attention shifted back to rising interest rates denting global economic growth.
China's Unipec fights uphill battle to contain Middle East crude prices
The production cuts by OPEC+ may aim to keep crude prices high enough to satisfy the exporter group, but they are also starting to drive some unusual dynamics in the broader oil market.
Mexico's Pemex motor fuel production dipped last month
Motor fuel production from Mexico's state-owned oil company Pemex dipped last month, company data showed, falling short of ambitious government refining targets meant to wean the country off its long-standing dependence on foreign supplies.
Norway approves more than $18 B in oil, gas investments
Norway's government said it has given approval for oil companies to develop 19 oil and gas fields with investments exceeding 200 billion Norwegian crowns ($18.51 billion), part of the country's strategy to extend production for decades to come.
Malaysia's Petronas sees domestic oil, gas output peaking by 2024
Malaysia's state energy firm Petronas sees its domestic oil and gas production peaking at about 2 million barrels of oil equivalent per day (boepd) by 2024, its exploration executives said.
Renewables growth did not dent fossil fuel dominance in 2022
Global energy demand rose 1% last year and record renewables growth did nothing to shift the dominance of fossil fuels, which still accounted for 82% of supply, the industry's Statistical Review of World Energy report said.
Ecopetrol sells crude to Asia at deeper discounts amid Russia competition
Colombia's Ecopetrol is managing to sustain sales to Asia at about 45% of its crude oil production though rivalry from Russian oil is forcing it to offer deeper discounts, a senior executive said.
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- Partnership for sustainability: Pekutherm and POLYVANTIS launch circular economy initiative 6/30
- Univation Technologies and C3 AI collaborate to deliver enterprise AI solutions for advanced predictive maintenance across the global petrochemical industry 6/30
- Lloyd’s Register signs strategic collaboration with DAI Infrastruktur for green ammonia Project Ra 6/30
- Alleima expands product portfolio for the urea industry with SAF™ 2906 6/30
- UK's Lindsey oil refinery insolvent, 420 jobs at risk 6/30
