Sintana Energy Inc. (TSX-V: SEI, OTCQB: SEUSF) (“Sintana” or the “Company”) is pleased to provide the following update regarding a second exploration and appraisal campaign on blocks 2813A and 2814B located in the heart of Namibia’s Orange Basin, emerging as one of the world’s most prospective oil and gas regions.
Opec on Monday cuts its forecast for global oil demand growth in 2024 reflecting data received so far this year and also lowered its projection for next year, marking the producer group’s third consecutive downward revision.
The OPEC member’s national development hydrocarbon agency, ALNAFT, will announce a new licensing round, looking to attract foreign investment and operators in its oil and gas sector, Algerian Energy Minister Mohamed Arkab said on Monday, as carried by Reuters.
In recent months, Iranian President Masoud Pezeshkian, along with his deputies and other officials, have been frequently addressing the nation about the ongoing gasoline crisis and the country’s excessive fuel consumption. These repeated appearances seem to signal a coordinated effort to prepare the public for an imminent increase in gasoline prices.
Iran was the fourth-largest crude oil producer in OPEC in 2023 and the third-largest dry natural gas producer in the world in 2022.1 It holds some of the world’s largest deposits of proved oil and natural gas reserves, ranking as the world’s third-largest oil and second-largest natural gas reserve holder in 2023.
Saudi Arabia raised its main oil prices for buyers in Asia amid heightened volatility in the crude market as traders watch developments in the Middle East conflict.
Crude oil prices rose on continued geopolitical tensions following Iran’s 200-missile barrage on Israel.
China’s economic woes and property crisis have been weighing on global oil demand consumption and growth expectations this year.
Despite some renewed optimism in the wake of the Fed’s jumbo cut, concerns about China aren’t going away.
OPEC trimmed its oil demand growth forecast for 2024, citing concerns in China.
China’s economic woes and property crisis have been weighing on global oil demand consumption and growth expectations this year.
Despite some renewed optimism in the wake of the Fed’s jumbo cut, concerns about China aren’t going away.
OPEC trimmed its oil demand growth forecast for 2024, citing concerns in China.
OPEC on Tuesday cut its forecast for global oil demand growth in 2024 reflecting data received so far this year and also trimmed its expectation for next year, marking the producer group’s second consecutive downward revision.