Under pressure from falling prices, OPEC+ decided to extend the production cut by 2.2 million barrels per day until December 2024 to maintain market balance.
Under pressure from falling prices, OPEC+ decided to extend the production cut by 2.2 million barrels per day until December 2024 to maintain market balance.
U.S. crude oil inventories rose by 800,000 barrels, below expectations for a 1.05 million increase, suggesting significant implications for the oil market.
U.S. crude oil inventories rose by 800,000 barrels, below expectations for a 1.05 million increase, suggesting significant implications for the oil market.
Gulf of Mexico energy companies such as Chevron, ExxonMobil and Shell are evacuating staff and suspending some drilling operations in response to Tropical Storm Francine, anticipating major disruptions to oil and gas production.
Gulf of Mexico energy companies such as Chevron, ExxonMobil and Shell are evacuating staff and suspending some drilling operations in response to Tropical Storm Francine, anticipating major disruptions to oil and gas production.
An IGF report suggests discontinuing Sara's refining activity to reduce fuel costs in Guadeloupe, Martinique and French Guiana, sparking debate on the future of energy in these territories.
An IGF report suggests discontinuing Sara's refining activity to reduce fuel costs in Guadeloupe, Martinique and French Guiana, sparking debate on the future of energy in these territories.
Brent crude oil prices hit their lowest level since March 2023.
OPEC+ postpones production increases, but the market remains skeptical in the face of flagging demand.
Brent crude oil prices hit their lowest level since March 2023.
OPEC+ postpones production increases, but the market remains skeptical in the face of flagging demand.
Petrobras announces a new president, impacting management and the share market, accentuating uncertainties about future strategy in the midst of the energy transition.
Petrobras announces a new president, impacting management and the share market, accentuating uncertainties about future strategy in the midst of the energy transition.
