Hedge fund giant predicts tight oil market this year
18/04/2024 by Mark
According to hedge fund Citadel’s head of commodities, the market for crude oil will become “extremely tight” later this year.
OPEC+ to keep oil production steady
17/04/2024 by Richard
At its latest meeting of the Joint Ministerial Monitoring Committee (JMMC), a panel of ministers from oil-producing countries participating in the OPEC+ deal decided to
OPEC boss says upstream oil industry needs $11.1 trillion in investment
05/04/2024 by Mark
OPEC Secretary General Haitham Al Ghais has said that some $11.1 trillion will need to be invested in
ExxonMobil on track to double LNG portfolio
02/04/2024 by Mark
American oil giant ExxonMobil is well on track to doubling its trading volume of liquefied natural gas (LNG) to
The US is now the top oil producer in history
26/03/2024 by OilStoreAdministrator
The United States has gained the status of being the biggest oil producer that the world has ever seen, according to
EIA increases its oil price forecast
18/03/2024 by Mark
In its latest Short-Term Energy Outlook, the US Energy Information Administration (EIA) has raised its prediction for average oil prices for
Exxon seeks arbitration over Guyana
15/03/2024 by OilStoreAdministrator
US-based oil major ExxonMobil has filed for arbitration to settle the future of operations in the Stabroek block offshore of Guyana.
EIA reports increased US oil production
14/03/2024 by Richard
The US Energy Information Administration (EIA) has published analysis revealing that record-high oil production in the United States is being driven by
OPEC+ to extend production cuts
13/03/2024 by Mark
Members of the OPEC+ group, which includes OPEC members and other oil-producing countries like Russia and Mexico, have extended their cuts to
Chevron and ExxonMobil in disagreement over Guyana stake
07/03/2024 by OilStoreAdministrator
Chevron has indicated in a securities filing that its planned acquisition of Hess Corp for $53 billion could fall apart.
US rig count rises by six
05/03/2024 by Mark
Data published by oil field services company Baker Hughes has revealed that the number of oil rigs operating in the US increased by six in February.
BP calls 2023 “the year of delivery”
27/02/2024 by OilStoreAdministrator
BP has posted its fourth-quarter results for 2023, with it referring to the year as a whole as being a “year of delivery”.