China Could Be About to Remove Oil's Biggest Safety Net
The global oil market is facing the erosion of critical supply buffers that have historically mitigated severe price shocks during Middle Eastern geopolitical crises. The potential expiration of infor
India, South Africa To Boost Their Strategic Petroleum Reserves
The decision by major non-IEA emerging economies like India and South Africa to bolster their Strategic Petroleum Reserves (SPRs) signals a structural shift in
OilPrice·Jul 16
IEA Predicts First Decrease in Global Oil Demand Since 2020
The International Energy Agency's projection of a potential contraction in global oil demand marks a pivotal shift in post-pandemic energy dynamics, driven by p
OilPrice·Jul 16
Chevron Moves Closer to Iraq's Biggest Oil Prize—and a Hormuz Exit Strategy
Chevron's preliminary agreements to develop Iraq's massive West Qurna 2 and Nassiriya projects signal a major strategic push by the U.S. supermajor to secure lo
Global crude benchmarks experienced a minor pullback as market participants locked in profits following a strong weekly rally driven by escalating geopolitical
Rigzone·Jul 16
Jul 16
Eni CEO: Big Oil Bets on Southeast Asia and Latin America