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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.
Harbour Energy confirms the progress of its Talbot project in the North Sea, with commissioning scheduled by the end of 2024, aimed at increasing oil and gas production.
Harbour Energy confirms the progress of its Talbot project in the North Sea, with commissioning scheduled by the end of 2024, aimed at increasing oil and gas production.
Western insurers continue to cover Russian oil shipments, despite restrictions imposed by the G7 aimed at limiting Moscow's revenues.
Western insurers continue to cover Russian oil shipments, despite restrictions imposed by the G7 aimed at limiting Moscow's revenues.
Russian oil exports by non-G7 tankers fell by 10% in July as a result of Western sanctions, leading to a reduction in international deliveries.
Russian oil exports by non-G7 tankers fell by 10% in July as a result of Western sanctions, leading to a reduction in international deliveries.