Standard Chartered has predicted very little incremental growth in US crude oil supply in 2024.
Stanchart sees y/y growth U.S. crude production growth decelerating strongly and even turn negative in December 2024.
StanChart says the deceleration in supply growth is the result of capex barely meeting high natural decline rates in shale oil production.
Crude oil prices have ticked up over 2% in the aftermath of the rejection of a ceasefire in Gaza.
Israeli Prime Minister Benjamin Netanyahu vowed to continue the war until “victory”.
The rejection of a ceasefire deal comes a day after the U.S. launched one of a series of retaliatory strikes following the death of three American soldiers in Jordan.
Last April, Germany shut down its last three nuclear power stations, marking the end of the country’s atomic age.
Berlin has unveiled plans to spend €16 billion on 10 gigawatts (GW) of new gas-fired power plants in a major overhaul of the country’s energy grid.
Germany is also abandoning its short-lived love affair with coal.
Our net zero lesson of the day is from the U.K. but it applies universally. It’s increasingly difficult for Biden and the EU to hide the true costs of net zero mandates.
Chinese commodity imports remained robust in January despite signs of a still struggling economy and cautionary reading of the data that may have been distorted by the start of the Lunar New Year later this week.
Unveiling a significant stride towards enhanced transparency, the Public Interest and Accountability Committee (PIAC) in Ghana has made public a ‘citizens version’ of its statutory annual report on petroleum revenue management. This 60-page document, a brainchild of PIAC, is designed to break down complex and technical information into a form that’s comprehensible to the average citizen. The paramount chief of Asante Asokore, Professor Nana Susubribi Krobea Boaten, proudly marked the launch of this initiative.
QatarEnergy has entered into a 20-year LNG sale and purchase agreement (SPA) with Petronet LNG Ltd for the supply of 7.5 million tpy of LNG destined to the Republic of India.
Pursuant the terms of the SPA, the contracted LNG volumes from Qatar will be delivered ex-ship to terminals across India onboard Qatar Energy’s vast LNG fleet starting May 2028.
The Ministry of Finance is examining the fiscal impact of a possible extension of support measures against inflation.
This is because the state stands to lose revenue if the reduction of consumption tax on fuel for transportation and heating, as well as the subsidy on electricity, continues for several more months.
“AOW: Investing in African Energy” – formerly known as Africa Oil Week – has engaged in a rebranding campaign to pose as allies to Africa’s energy development. Yet this new name fails to reflect Africa or her people and is a slap in the face to the continent’s resource development strategy and vast energy needs. Look at the leadership team of Hyve Group. No Blacks and No
The recent “Mexico Oil and Gas Upstream Market” report by Report Ocean gathers insights and assessments through genuine consultations with key stakeholders, including CEOs, Managers, Department Heads of Suppliers, Manufacturers, and Distributors. This comprehensive study aims to thoroughly examine the global industry, target market, competition, and various influencing factors.