OPEC+ oil production is falling, with Russia stepping up cuts despite attacks and compliance challenges that continue to cause tension within the group.
OPEC+ oil production is falling, with Russia stepping up cuts despite attacks and compliance challenges that continue to cause tension within the group.
Saudi Arabia is accelerating the diversification of its energy mix, targeting 130 GW of renewable capacity by 2030 to meet its growing demand for electricity.
Saudi Arabia is accelerating the diversification of its energy mix, targeting 130 GW of renewable capacity by 2030 to meet its growing demand for electricity.
The Polish National Prosecutor's Office has launched an investigation into the Orlen oil group, following allegations of an executive's links with Hezbollah and massive financial losses.
The Polish National Prosecutor's Office has launched an investigation into the Orlen oil group, following allegations of an executive's links with Hezbollah and massive financial losses.
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.
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.
At the World Economic Forum in Riyadh, Patrick Pouyanné, CEO of TotalEnergies, criticized the current development of green hydrogen as still at an "embryonic stage", and promoted biofuels as a priority solution for reducing emissions.
At the World Economic Forum in Riyadh, Patrick Pouyanné, CEO of TotalEnergies, criticized the current development of green hydrogen as still at an "embryonic stage", and promoted biofuels as a priority solution for reducing emissions.
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.
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.
