This move comes amidst concerns over global economic growth and increasing output from non-member countries, sending a clear signal of support to the market.
OPEC
Oil Exploration & Drilling Projects are Essential for Global Energy Security
Explore how the United States can contribute to global energy security through increased oil production.
Uncertain Red Sea Geopolitical Events – February 2024
Monitoring the interplay between geopolitical events and market fundamentals will be key to navigating the evolving landscape.
The Dynamic Landscape of Oil Demand: Insights from IEA and OPEC 2024
This comes amidst a backdrop of conflicting predictions between the IEA and OPEC.
Oil Industry Growth Projections for 2024
The anticipation of world supply growth in 2024 surpassing demand growth raises concerns about a potential surplus in the market.
Surprising Supply in January 2024
Staying informed about supply-demand dynamics, production trends, geopolitical risks, regulatory developments, and market perceptions is crucial.
U.S. Exports Offset OPEC+ Drop Amid Middle East Uncertainty
We explore the implications of these shifts for global energy markets and the strategic positioning of key players in the industry.
Beginner’s Guide to Investing
Unravel the mysteries surrounding oil, providing a comprehensive introduction for beginners.
U.S. oil production to hit record high in 2024 with Exxon, Chevron boost
Exxon Mobil and Chevron’s shift in strategy to allocate about half of their generated profits towards dividends and buybacks signals a focus on returning value to shareholders.
OPEC+ Seals “In Principle” Deal for Deeper Oil Output Cuts in 2024
As the OPEC+ agreement progresses towards formal approval, the industry anticipates a reinforced foundation for investment growth and resilience in the face of market uncertainties.