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IEA Oil Market Report-November 2024: Highlights
September saw a 47.5 mb drop in global oil stockpiles, the lowest since January.
Occidental Petroleum Earnings Top Estimates Despite Fall in Oil and Gas Profit
Shares in Occidental edged slightly higher in premarket US trading on Wednesday.
Devon Energy Sees US Crude Oil at $60-$80 Per Barrel for Foreseeable Future
Trump's policy could favor the industry through potential tax incentives for capital investment in exploration and production, Citi noted last week.
OPEC: Nigeria Crude Oil Output Jumped in October
OPEC lowered its prediction for the growth of the world's oil demand this year.
Russian Oil Gets Flipped Between Tankers Near Spanish Exclave of Ceuta
Both tankers sail under the flag of Panama, according to a database maintained for the International Maritime Organization.
OPEC Again Cuts 2024, 2025 Oil Demand Growth Forecasts
OPEC is still at the top of industry estimates and has a long way to go to match the International Energy Agency's far lower view.
CNOOC Started Production at Long Lake Oil Sands Project
In 2024, the corporation reported a number of upstream startups, mostly in the South China Sea.
South Korean Government Considers Expanding U.S. Gas and Oil Imports
The advisory meeting, a non-permanent body, serves as a platform to gather insights from external experts by sector on global uncertainties.
US Crude Exports to China Rebound from Four-year Low but Outlook Glum, Kpler Says
The weakness in U.S. exports to China will likely continue, analysts said, as Beijing's efforts to stimulate economic growth will take time to take root and boost fuel demand.
Nigerian Army Wrecked 43 Illegal Refineries in Niger Delta Region
Eleven cars, twenty-one boats, and eleven motorcycles were also confiscated for crude oil theft.
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Alabama Heavy Asphaltic Sour
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Alabama Light Sour
58.35
Alabama Light Sour Womack Hill Type
55.28
Alabama Light Sweet
63.35
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