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Saudi Aramco confirms allocation of September crude volumes to Asian refiners, with specific adjustments in China.
Saudi Aramco confirms allocation of September crude volumes to Asian refiners, with specific adjustments in China.
Despite its potential, the Dangote refinery is struggling to secure the necessary volumes of Nigerian crude, revealing flaws in the country's regulatory and supply mechanisms.
Despite its potential, the Dangote refinery is struggling to secure the necessary volumes of Nigerian crude, revealing flaws in the country's regulatory and supply mechanisms.
OPEC (Organization of the Petroleum Exporting Countries) is adjusting its forecast for world oil demand in 2024 slightly downwards, due to economic uncertainties in China, the main driver of global consumption.
OPEC (Organization of the Petroleum Exporting Countries) is adjusting its forecast for world oil demand in 2024 slightly downwards, due to economic uncertainties in China, the main driver of global consumption.
Institutional investors are drastically reducing their oil positions to record lows in response to growing global economic uncertainty.
Institutional investors are drastically reducing their oil positions to record lows in response to growing global economic uncertainty.
Global overcapacity in the petrochemicals sector, exacerbated by Chinese expansion and energy costs in Europe, is forcing companies to undertake drastic restructuring, including plant closures and strategic consolidations.
Global overcapacity in the petrochemicals sector, exacerbated by Chinese expansion and energy costs in Europe, is forcing companies to undertake drastic restructuring, including plant closures and strategic consolidations.
U.S. Democrats call on the Biden administration to suspend approvals for new deepwater oil terminals, citing major climate and public health concerns.
U.S. Democrats call on the Biden administration to suspend approvals for new deepwater oil terminals, citing major climate and public health concerns.
In July, OPEC+ produced 437,000 barrels per day in excess of quotas, jeopardizing reduction plans and exacerbating the challenges facing an oil market already under pressure.
In July, OPEC+ produced 437,000 barrels per day in excess of quotas, jeopardizing reduction plans and exacerbating the challenges facing an oil market already under pressure.
Reliance Industries concludes a strategic agreement with PDVSA to exchange naphtha for crude oil, optimizing their operations despite US sanctions.
Reliance Industries concludes a strategic agreement with PDVSA to exchange naphtha for crude oil, optimizing their operations despite US sanctions.
Goldman Sachs believes that the next US president will have limited means to significantly increase oil supply in 2025, due to low strategic reserves and regulatory hurdles.
Goldman Sachs believes that the next US president will have limited means to significantly increase oil supply in 2025, due to low strategic reserves and regulatory hurdles.
A report by Wood Mackenzie reveals that replacing Norwegian hydrocarbons with imports would increase emissions by 230 million tonnes of CO2 from 2024 to 2040.
A report by Wood Mackenzie reveals that replacing Norwegian hydrocarbons with imports would increase emissions by 230 million tonnes of CO2 from 2024 to 2040.