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IEA Oil Market Report-November 2024: Highlights

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

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

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: 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

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 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

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

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

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

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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