All about Energy Policy and OPEC
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News
6Saudi Oil Production Reportedly Drops to Lowest Levels Since 1990 as OPEC+ Cuts Continue
Saudi Arabia's oil production has reportedly fallen to its lowest level since 1990, at a time when OPEC+ countries continue cuts exceeding 900,000 barrels per day to support global prices.
Oil Prices Rise 9% in a Single Week Following Shipping Disruptions in the Strait of Hormuz
Oil prices jumped nearly 9% in a week following reports of shipping disruptions in the Strait of Hormuz affecting approximately 20 million barrels per day, a sharp increase portending repercussions for global energy markets.
Major energy companies bet on carbon capture as key to achieving climate neutrality
Oil and energy companies are pumping billions of dollars into carbon capture and storage technologies, while climate scientists view these technologies as essential for reaching carbon neutrality without entirely abandoning fossil fuels.
Strait of Hormuz Under Daily Scrutiny: Any Sign of Easing Could Instantly Drop Oil by $8
The Strait of Hormuz remains the central focus of daily monitoring in oil markets; any sign of a partial reopening or US-China dialogue regarding Iranian sanctions would absorb the risk premium and trigger a swift decline in crude prices.
Bessent Holds Press Conference on Iran Sanctions as Markets Await Targeting of Iranian Oil Sold to China
The U.S. Treasury Secretary holds a press conference on Iran sanctions, amidst anticipation of secondary sanctions targeting China's imports of Iranian oil that could ignite an immediate surge in crude prices.
Hormuz Crisis Keeps Oil Above $94 and Redraws Global Energy Supply Map
Brent holds firm at $94 due to the ongoing Hormuz disruption since February, which impedes 25% of global oil, while Iran-Oman talks offer partial de-escalation without a radical solution.