Rigzone looks at a new report from the Institute for Energy Research.
Macquarie and Standard Chartered examine recent moves in the oil market and look to the future.
Oil edged higher as traders balanced broader risk-on sentiment with concerns about consumption after the International Energy Agency slashed its demand forecast.
The oil industry is a key source of revenue for the Russian budget.
'OPEC+ producers have largely adhered to the latest round of OPEC+ voluntary production cuts'.
Lula reportedly plans to nominate the former head of Brazil's oil and gas regulator to be Petrobras' new CEO.
Oil fell as US economic data showed inflation remains elevated, adding to bets the Federal Reserve won't rush to cut interest rates this year.
The U.S. Energy Information Administration lowered its West Texas Intermediate oil price forecast for 2024 and 2025.
ADNOC Drilling has secured a $1.7 billion contract to provide drilling and associated services for the recovery of unconventional energy resources.
The Suez Canal has seen a significant decrease in shipping traffic, Dryad Global noted.
'An escalation to a direct war between Israel and Iran could result in oil prices rising to $150 a barrel'.
Donald Trump vowed to issue an executive order targeting offshore wind development if he wins a second term as president.
Oil edged higher as signs of a tighter market vied with decreased geopolitical risks to keep prices locked in a narrow band.
North America dropped six rigs week on week, according to Baker Hughes' latest rotary rig count.
https://www.rigzone.com/news/north_america_rig_losses_continue-13-may-2024-176723-article/?rss=true
The U.S. Energy Information Administration lowered its Brent oil price forecast for 2024 and 2025 in its latest short term energy outlook.
GlobalData's thematic intelligence center estimates that the global digital twins market will be worth $154 billion by 2030.
China is taking advantage of lower international prices for coal and natural gas to replenish stockpiles of power fuels ahead of another long, hot summer.
Three of the additional blocks are in the northwest of the Norwegian Sea and 34 blocks are in the east of the Barents Sea.
The Transportation Department said extensive environmental reviews are already required to obtain a license for a deepwater port.
China's first shipment of crude from Niger has been blocked by a border dispute.