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PETROCHEMICALS ARE DRIVING 90% OF CHINA'S OIL DEMAND GROWTH.
China's oil market is closely monitored by energy experts, not only because of its size but also due to the ongoing electric vehicle (EV) revolution.
- 2 years, 4 months
THE UNITED ARAB EMIRATES SECURED THE TOP SPOT WITH A MAJOR LNG DEAL IN MARCH 2024.
The United Arab Emirates took the lead in the top 5 liquefied natural gas (LNG) deals in March 2024, with strong competition from Arab countries such as Iraq and Qatar.
- 2 years, 4 months
SAUDI ARAMCO SIGNS CONTRACTS FOR MEGA GAS PROJECT.
Saudi Aramco has signed contracts worth $7.7 billion for the engineering, procurement, and construction of a significant expansion of a large gas project.
- 2 years, 4 months
GLOBAL OIL MARKET ADJUSTS AS OPEC CUTS PROVE EFFECTIVE, PRICES CLIMB HIGHER.
McKinsey reported a 32 million-barrel decrease in global oil inventories in February, signaling a shift in market dynamics. As new demand data emerges, prices are climbing higher.
- 2 years, 4 months
EXXON AND CNOOC TEAM UP TO CHALLENGE CHEVRON’S GUYANA OIL DEAL.
Exxon and CNOOC have joined forces in their arbitration claims against Chevron's acquisition of Hess's share in the Stabroek oil block.
- 2 years, 4 months
TRANSPORT RECOVERY REKINDLES THREAT OF DIESEL SHORTAGE.
Moody's has predicted a significant increase in diesel prices in the United States, with a rise of over $1 per gallon from pre-pandemic levels, reaching $4.50 per gallon.
- 2 years, 4 months
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