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U.S. Exports Increased Amid Recovering Global Demand

U.S. crude oil exports have increased in recent weeks, according to commodity analytics firm Kpler, as America leads supply increases amid stable and persistent global demand. Crude oil exports from...
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OPEC’s Share of India’s Crude Imports Dropped to the Lowest in 15 years in 2021

According to Reuters' calculations, OPEC's proportion of crude imports in India fell to its lowest level in at least 15 years last year, as the world's third-largest oil importer purchased...
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UAE Says COP28 Should Include Input from Oil and Gas Industry

Because the world cannot simply unplug from the energy system as it is today, Sultan bin Ahmed Al Jaber, the UAE's Minister of Industry and Advanced Technology and the Group...
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TotalEnergies and Inpex to Sell Block 14 B.V. in Angola to Somoil

TotalEnergies and Inpex will sell the Angola Block 14 B.V. company to Somoil, Angola's largest private oil company, pending approval from the Angolan authorities. The Angola Block 14 B.V. corporation,...
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Russia May Struggle with Oil Production Increase Under OPEC+ Adjustment– Bloomberg

According to Bloomberg, Russia, the leader of the non-OPEC producers in the OPEC+ alliance, may not deliver all of the 100,000 bpd monthly increases required by the deal this year,...
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It is US’s Prerogative to Release to Draw Crude from its SPR – Saudi Arabia

Saudi Arabia's Energy Minister, Prince Abdulaziz bin Salman, told Reuters on Monday that it is up to the US administration to decide whether to draw crude oil from its Strategic...
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Bloomberg Markets and Finance: Nigeria’s Petroleum Minister, Dr. Kachikwu on Oil, OPEC Cuts, Prices

  From the Archives: NOVEMBER 30, 2017   "Nigeria's Petroleum Minister, H.E. Dr. Emmanuel Ibe Kachikwu discusses the possibility of a 9-month extension for OPEC, the hardest part of the...
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OPEC Leaves its 2022 Growth Estimates Unchanged in its January MOMR

The Organization of Petroleum Exporting Countries (OPEC) announced on Tuesday in its Monthly Oil Market Report (MOMR) that it is keeping its demand growth predictions for this year unchanged at...
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Libya’s Crude Oil Production Back on Track to Meet 2022 Target

According to Libya's Minister of Oil and Gas, H.E. Mohammed Oun, the country's crude oil output has risen to 1.2 million barrels per day following the restoration of activity at...
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Global Electricity Demand Rose by 6% in 2021 – IEA

Last year, rebounding economies and extreme weather contributed to a 6% increase in worldwide energy consumption, the greatest percentage increase since the 2010 recovery from the 2008-2009 financial crisis, according...
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