OPEC World Oil Outlook 2024: Technology impacts energy supply/demand
The 2024 OPEC World Oil Outlook (WOO) was launched on 24 September at the ROG.E conference in Rio de Janeiro, Brazil.
Read moreThe 2024 OPEC World Oil Outlook (WOO) was launched on 24 September at the ROG.E conference in Rio de Janeiro, Brazil.
Read moreThe U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has issued an advisory to alert persons globally to the significant U.S. sanctions risks for parties involved in petroleum shipments.
Read moreThe OPEC+ countries, which previously announced additional voluntary cuts in April and November 2023, including Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman, held a virtual meeting on September 5th, 2024, during which the eight member countries emphasized their collective resolve to ensure full compliance with the voluntary production adjustments.
Read moreOPEC Secretary General Haitham Al Ghais emphasizes that electrification is often misrepresented as a direct rival to oil, perpetuating the myth that these energy sources operate in isolation.
Read moreIran seized the Togo-flagged tanker Pearl G in the Gulf on Friday, according to Tehran's semi-official Tasnim news agency.
Read moreThe US Office of Foreign Assets Control has issued a new authorization that allows certain transactions involving the exportation or reexportation of liquefied petroleum gas to Venezuela until July 8, 2025.
Read moreOPEC has maintained its forecast for robust global oil demand growth in 2024 and 2025, projecting an increase of 2.25 million barrels per day (bpd) in 2024 and 1.85 million bpd in 2025.
Read moreADNOC has signed a general agreement with the Japan Bank for International Cooperation for a $3 billion green financing facility.
Read moreAs Brent crude futures experienced declines throughout May and early June, driven by concerns over sluggish oil demand growth and significant inventory builds, market dynamics have clearly shifted, IEA Oil Market Report (OMR) notes.
Read moreA recent analysis by the University College London (UCL) Energy Institute and Kühne Climate Center highlights significant risks faced by the global fleet of oil and gas tankers if efforts to limit global warming to 1.5°C by 2050 are successful.
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