Oil prices break losing streak following OPEC+ meeting
OPEC+ reaffirmed production cut commitment, expecting prices to recover
Refilling the U.S. Strategic Petroleum Reserve may help buoy prices, but...
Environmental policies of oil and gas companies are important to consider when investing in the industry
Such investments could potentially pay off in the long run and boost a company's stock...
U.S. Congress considering two pieces of legislation to limit oil exports to China
The first bill would bar oil released from the Strategic Petroleum Reserve (SPR) from being sold to China
The second...
China’s reopening from the zero-COVID policy has traders waiting to see the country’s oil demand surge
The Asian country increased purchases of Russian oil, anticipating domestic...
February 24 marks the 1-year anniversary of the Russian invasion of Ukraine
Russian oil exports remain nearly unchanged from a year ago
Higher reliance on Saudi Arabia and Iraq from the West will...
India is set to overtake China as the world’s most populous country as early as this year, says the UN
As such, the country’s energy consumption is of major importance to energy traders...
BP (LON:BP) has recently released its 2023 Energy Outlook
The energy giant says oil demand will likely decrease or plateau in the years ahead
However, there’s no actual indication of that...
U.S. oil production could be flatlining at about 12.1 million bpd in 2023
Even if they manage to drill more wells, U.S. producers would likely be stuck with oil they cannot transport
Conversely,...
With global demand expected to grow, the central question for traders is whether oil supply will be able to meet demand in 2023
EIA forecasts that global oil production will grow by 1 million bpd,...
Recently, the Federal Reserve Bank of Dallas surveyed 152 energy firms in Texas, Louisiana, and New Mexico
According to the survey, the industry is expecting higher drilling costs and marginally...