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Saudi Aramco CEO Amin Nasser stresses the crucial role of the global South in future hydrocarbon demand, and calls for balanced investment between renewables and fossil fuels.
Saudi Aramco CEO Amin Nasser stresses the crucial role of the global South in future hydrocarbon demand, and calls for balanced investment between renewables and fossil fuels.
U.S. commercial crude oil inventories rose unexpectedly last week, following an almost equivalent decline the week before, according to the U.S. Energy Information Agency (EIA).
U.S. commercial crude oil inventories rose unexpectedly last week, following an almost equivalent decline the week before, according to the U.S. Energy Information Agency (EIA).
The Trans Mountain pipeline, which will significantly increase Canada's oil transport capacity, is finally operational, sparking debate and controversy.
The Trans Mountain pipeline, which will significantly increase Canada's oil transport capacity, is finally operational, sparking debate and controversy.
Petrofac plummets in London, announcing a delay and suspension of trading.
Petrofac plummets in London, announcing a delay and suspension of trading.
TotalEnergies EP Congo, an 85%-owned subsidiary of TotalEnergies, recently modified its shareholding structure in several oil licenses, involving exchanges with Trident Energy.
TotalEnergies EP Congo, an 85%-owned subsidiary of TotalEnergies, recently modified its shareholding structure in several oil licenses, involving exchanges with Trident Energy.
Baker Hughes CEO Lorenzo Simonelli presented a balanced view of the global oil market on the first-quarter earnings call, noting rising international activity offset by a slowdown in North America and the US gas basins.
Baker Hughes CEO Lorenzo Simonelli presented a balanced view of the global oil market on the first-quarter earnings call, noting rising international activity offset by a slowdown in North America and the US gas basins.
Subsea7 awarded contract to develop the Sunspear oil field in the Gulf of Mexico.
Subsea7 awarded contract to develop the Sunspear oil field in the Gulf of Mexico.
In March, China saw its exports of clean petroleum products rise sharply, reaching a 14-month high after the Lunar New Year vacation.
In March, China saw its exports of clean petroleum products rise sharply, reaching a 14-month high after the Lunar New Year vacation.
Faced with global conflicts and OPEC+ production cuts, the EPA is authorizing E15 this summer to stabilize fuel prices.
Faced with global conflicts and OPEC+ production cuts, the EPA is authorizing E15 this summer to stabilize fuel prices.
China could dominate Venezuelan oil purchases as India gradually withdraws, spurred on by new US sanctions.
China could dominate Venezuelan oil purchases as India gradually withdraws, spurred on by new US sanctions.
Senegal's new government plans to renegotiate hydrocarbon contracts to better serve its population, a risky gamble.
Senegal's new government plans to renegotiate hydrocarbon contracts to better serve its population, a risky gamble.
Galp Energia experiences a spectacular rise on the stock market following the announcement of a major oil discovery in Namibia.
Galp Energia experiences a spectacular rise on the stock market following the announcement of a major oil discovery in Namibia.
Asian refiners are assessing the impact of tensions in the Middle East on freight and marine insurance costs, without fearing for the security of crude oil supplies.
Asian refiners are assessing the impact of tensions in the Middle East on freight and marine insurance costs, without fearing for the security of crude oil supplies.
Israel's recent missile attack on Iran is likely to significantly increase costs for sea freight, insurance and crew salaries, even if loading operations continue for the time being.
Israel's recent missile attack on Iran is likely to significantly increase costs for sea freight, insurance and crew salaries, even if loading operations continue for the time being.
A surprising rise in US oil inventories reveals major statistical adjustments and market fluctuations.
A surprising rise in US oil inventories reveals major statistical adjustments and market fluctuations.
Exports of Russian oil products plummeted, impacted by Ukrainian drone attacks and flooding, reaching a post-pandemic low.
Exports of Russian oil products plummeted, impacted by Ukrainian drone attacks and flooding, reaching a post-pandemic low.
BP has started production on the new Azeri Central East platform in the ACG field in Azerbaijan, aiming for significant production by the end of 2024.
BP has started production on the new Azeri Central East platform in the ACG field in Azerbaijan, aiming for significant production by the end of 2024.
Despite recent tensions between Iran and Israel, oil prices remain stable, surprising analysts and markets alike.
Despite recent tensions between Iran and Israel, oil prices remain stable, surprising analysts and markets alike.
The IEA cuts its oil demand forecast for 2024 due to low deliveries and reduced consumption, with implications for OPEC+ and non-OPEC+ producers.
The IEA cuts its oil demand forecast for 2024 due to low deliveries and reduced consumption, with implications for OPEC+ and non-OPEC+ producers.
Niger receives a $400 million advance from China to support the launch of its crude oil sales.
Niger receives a $400 million advance from China to support the launch of its crude oil sales.
The rapid escalation between Iran and Israel threatens the stability of world oil markets, with serious implications for maritime trade and energy security.
The rapid escalation between Iran and Israel threatens the stability of world oil markets, with serious implications for maritime trade and energy security.
OPEC predicts increased oil consumption in 2024, driven by transport and industrial growth, particularly in Asia and the Middle East.
OPEC predicts increased oil consumption in 2024, driven by transport and industrial growth, particularly in Asia and the Middle East.
ADNOC Gas is moving ahead with a desulfurization project aimed at reducing the sulfur content of its LNG to less than 1 mg/m³ by 2025-26.
ADNOC Gas is moving ahead with a desulfurization project aimed at reducing the sulfur content of its LNG to less than 1 mg/m³ by 2025-26.
ExxonMobil announces major restructuring in Normandy with job cuts and the sale of its assets in the south of France. An uncertain period for employees and the local economy.
ExxonMobil announces major restructuring in Normandy with job cuts and the sale of its assets in the south of France. An uncertain period for employees and the local economy.
In the week ending April 5, US crude oil inventories rose significantly, far exceeding analysts' expectations, with immediate repercussions for market prices.
In the week ending April 5, US crude oil inventories rose significantly, far exceeding analysts' expectations, with immediate repercussions for market prices.
The latest OPEC+ data show a slight rise in production in March, despite Saudi efforts to ensure strict compliance. S&P Global's analysis points to a potentially volatile market.
The latest OPEC+ data show a slight rise in production in March, despite Saudi efforts to ensure strict compliance. S&P Global's analysis points to a potentially volatile market.

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