Senior officials from three of OPEC’s core producer nations — Saudi Arabia, the United Arab Emirates, and Kuwait — lined up to say that the super-sized addition of supply by the producer club at the weekend was needed by the global market.
Frustration has mounted over setbacks to hydrogen projects in Europe with recent news of projects put on hold
Surging U.S. crude exports, particularly WTI Midland, have dominated global markets, with record export volumes and a significant portion being sent to Europe.
The addition of WTI Midland has provided benefits for U.S. producers by allowing forward sales and reducing pricing risk.
According to data from ship tracker Kpler, WTI Midland exports hit a record at 2.94 million bpd in December.
Market drivers include sustainability commitments, cost savings, and reductions in complexity
A new report from Guidehouse Insights explores annual emissions reductions from the upstream oil & gas market globally.