Despite a minor increase in bullish positions last week, portfolio managers have significantly reduced their long positions in oil futures over the past two months, driven by concerns about slowing…
oil production
Oil production involves extracting crude oil from underground reservoirs through drilling. After extraction, the oil is refined into various products like gasoline and diesel. It’s a critical process for global energy supply and economy.
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South America is increasingly pivotal to global crude oil supply growth as production in other regions remains stagnant. Brazil, Guyana, and Argentina are leading the charge, with Venezuela also experiencing…
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OPEC+ is contemplating postponing a scheduled increase in oil production for next month as oil prices reach their lowest point in nine months, sources within the group. One source indicated…
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Oil prices stabilized near their lowest closing levels since June 2023 as the market digested a significant draw in U.S. crude stockpiles, following a steep decline earlier this week. Brent…
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A month before OPEC+ is scheduled to announce its decision on the potential easing of oil production cuts, speculation about the group’s output policy is intensifying. Recent indications from OPEC+…
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Natural gas is a vital component of the global energy mix, playing a significant role in heating, electricity generation, and as a feedstock for industrial processes. Unlike crude oil, which…
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Libya’s oil production has once again come to a standstill due to ongoing political conflicts, echoing the turbulent patterns observed since the fall of Muammar Gaddafi in 2011. The latest…
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Crude oil prices experienced a notable decline early Monday following of a potential partial reversal of OPEC’s production cuts. Six unnamed sources within the cartel indicated that OPEC members are…
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Oil prices continued their downward trajectory on Monday as investors weighed the impact of increased OPEC+ production set for October against a sharp decline in Libyan output and weak demand…
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The energy sector is one of the most critical components of the global economy. Among the various energy sources, natural gas and crude oil stand out as two of the…