The International Energy Agency (IEA) has warned of a potential tipping point in the global oil market, following signs that a glut in supply is becoming increasingly evident. Continue reading IEA warns oil market at tipping point
In a released trading statement, TotalEnergies has warned that its revenues for oil and gas production are likely to drop in the second quarter. Continue reading TotalEnergies signals lower sales from hydrocarbons
In its latest Short-Term Energy Outlook, the US Energy Information Administration (EIA) has slightly revised the expected growth of oil production in the US. Continue reading EIA downgrades US oil production forecast
Multinational investment bank Goldman Sachs expects the OPEC+ group to cease increasing production after August. Continue reading OPEC+ expected to stop hiking production
Trade association Offshore Energies UK (OEUK) has called for the Energy Profits Levy (EPL) to be removed by the end of the year. Continue reading OEUK calls for North Sea windfall tax to be ditched
Ryan Lance, the chairman and CEO of ConocoPhillips, has pointed to the future of US shale oil production as being dependent on oil prices. Continue reading CEO of ConocoPhillips points to critical price for US shale oil
Recent reports confirm that the Kingdom of Saudi Arabia is now preparing to reverse crude oil production cuts. However, the initiative has put strain on its spending plan for large-scale projects already under construction. Continue reading Present oil prices impact Saudi Arabian mega-projects
Haitham Al Ghais, the Secretary-General of OPEC, has hit back at forecasts of weak demand growth, calling them pessimistic. Continue reading OPEC boss hits back on demand growth forecasts
The OPEC+ group of oil-producing countries could further delay a planned production increase, according to sources cited by Reuters. Continue reading OPEC+ could delay production hike
Reuters reports that three sources have told it that BP is due to unveil a new strategy, whereby it will pivot back towards its traditional gas and oil business. Continue reading BP to focus more on gas and oil production
