The American bank anticipates a decline in Brent crude oil prices to $76 per barrel in 2025, driven by an oversupply in the global oil market, despite ongoing geopolitical tensions.
The American bank anticipates a decline in Brent crude oil prices to $76 per barrel in 2025, driven by an oversupply in the global oil market, despite ongoing geopolitical tensions.
TotalEnergies strengthens its strategy in South Africa with an environmental impact study for the Deep Water Orange Basin block, a strategic offshore area, despite persistent environmental controversies.
TotalEnergies strengthens its strategy in South Africa with an environmental impact study for the Deep Water Orange Basin block, a strategic offshore area, despite persistent environmental controversies.
Saudi, Russian, and Iraqi ministers met in Baghdad to discuss production quotas and oil market stability ahead of the crucial OPEC+ meeting scheduled for December 1.
Saudi, Russian, and Iraqi ministers met in Baghdad to discuss production quotas and oil market stability ahead of the crucial OPEC+ meeting scheduled for December 1.
The Nigerian National Petroleum Corporation Limited (NNPCL) restarts the Port Harcourt refinery after major renovations. This $1.5 billion project marks a turning point for the economy and the local oil industry.
The Nigerian National Petroleum Corporation Limited (NNPCL) restarts the Port Harcourt refinery after major renovations. This $1.5 billion project marks a turning point for the economy and the local oil industry.
Namibia's booming oil sector, bolstered by significant discoveries, could welcome Woodside Energy, which holds an option to engage in the offshore permit PEL 87 by May 2025.
Namibia's booming oil sector, bolstered by significant discoveries, could welcome Woodside Energy, which holds an option to engage in the offshore permit PEL 87 by May 2025.
The marine fuel market faces abundant stockpiles and geopolitical tensions. The price gap for low-sulfur fuel oil (LSFO) between Singapore and Fujairah has reached its narrowest point in three months, reflecting limited demand and pressure on margins.
The marine fuel market faces abundant stockpiles and geopolitical tensions. The price gap for low-sulfur fuel oil (LSFO) between Singapore and Fujairah has reached its narrowest point in three months, reflecting limited demand and pressure on margins.
Pemex’s 2025 budget, reduced by 7.5%, jeopardizes its production targets and increases Mexico’s risk of crude oil imports due to insufficient investments in oil resource exploitation.
Pemex’s 2025 budget, reduced by 7.5%, jeopardizes its production targets and increases Mexico’s risk of crude oil imports due to insufficient investments in oil resource exploitation.
Despite commitments to OPEC+ to limit production, the United Arab Emirates shows oil export volumes well above quotas. This situation raises questions and rekindles tensions within the cartel.
Despite commitments to OPEC+ to limit production, the United Arab Emirates shows oil export volumes well above quotas. This situation raises questions and rekindles tensions within the cartel.
