IEA warns oil market at tipping point
28/10/2025 by Joel Thompson
The International Energy Agency (IEA) has warned of a potential tipping point in the global oil market, following signs that a glut in supply is becoming increasingly evident.
TotalEnergies signals lower sales from hydrocarbons
25/07/2025 by Richard
In a released trading statement, TotalEnergies has warned that its revenues for oil and gas production are likely to drop in the second quarter.
EIA downgrades US oil production forecast
17/07/2025 by Richard
In its latest Short-Term Energy Outlook, the US Energy Information Administration (EIA) has slightly revised the expected growth of oil production in the US.
OPEC+ expected to stop hiking production
10/06/2025 by Joel Thompson
Multinational investment bank Goldman Sachs expects the OPEC+ group to cease increasing production after August.
OEUK calls for North Sea windfall tax to be ditched
09/06/2025 by Thomas Clark
Trade association Offshore Energies UK (OEUK) has called for the Energy Profits Levy (EPL) to be removed by the end of the year.
CEO of ConocoPhillips points to critical price for US shale oil
02/06/2025 by Cameron Clarke
Ryan Lance, the chairman and CEO of ConocoPhillips, has pointed to the future of US shale oil production as being dependent on oil prices.
Present oil prices impact Saudi Arabian mega-projects
08/04/2025 by Richard
Recent reports confirm that the Kingdom of Saudi Arabia is now preparing to reverse crude oil production cuts. However, the initiative has put strain on its spending plan for large-scale projects already under construction.
OPEC boss hits back on demand growth forecasts
14/11/2024 by Richard
Haitham Al Ghais, the Secretary-General of OPEC, has hit back at forecasts of weak demand growth, calling them pessimistic.
OPEC+ could delay production hike
05/11/2024 by Mark
The OPEC+ group of oil-producing countries could further delay a planned production increase, according to sources cited by Reuters.
BP to focus more on gas and oil production
14/10/2024 by Mark
Reuters reports that three sources have told it that BP is due to unveil a new strategy, whereby it will pivot back towards its traditional gas and oil business.
OPEC+ delays unwinding production cuts
13/09/2024 by Mark
The OPEC+ group, which comprises OPEC members combined with some other big oil-producing countries, has decided to delay unwinding some of its production cuts over concerns about weakening demand.
Oil prices drop as OPEC+ mulls production increases
06/09/2024 by Richard
The price of crude oil dropped slightly following reports that the OPEC+ group is likely to go ahead with unwinding some of the production cuts it has made to stabilise the market.