OPEC news
Triple-digit oil: Temporary spike or a new market reality? Rystad Energy reports
Rystad Energy’s oil market update from Janiv Shah, Vice President, Oil Markets.
Oil price surge signals “new wave of volatility” (GlobalData)
Oil price surge above US$115 signals escalation from logistics shock to supply disruption in energy markets, says GlobalData.
Strait of Hormuz becomes key oil market risk as US strikes Iran, Rystad Energy commentary
In the early hours of 28 February, the US and Israel launched direct and extensive military operations inside Iran, in what appears to be a campaign broader in scope and intensity than the previous 12-day confrontation. Intercontinental Exchange (ICE) Brent crude oil prompt-month prices are expected to rise by US$20/bbl when trade opens on 2 March.
IEA forecasts rapid rise in global oil supply
The OPEC+ group, comprising eight countries, has agreed to augment its production.
EIA expects less oil demand and lower oil and gasoline prices in an uncertain market
The US Energy Information Administration (EIA) expects recent developments in global trade policy and oil production to contribute to lower global demand growth for petroleum products through 2026.
Rystad Energy: OPEC+ may raise output if US supply disruptions deepen
Markets respond to US ‘Liberation Day’ and recent OPEC+ meeting.
Rystad Energy: ‘Trump 2.0. China 3.0 and OPEC+40’
Rystad Energy’s oil market update: 25 November.
As politics calms, oil output in Libya exceeds one million bpd
The North African nation has struggled with political instability since the ousting of Muammar Gaddafi in 2011.
OPEC+ not planning any talks on oil production plans, says Russia
In June, Russia promised to meet its OPEC+ oil production targets after pumping too much oil in May.
Expected growth in the developing world sees OPEC raise oil demand outlook
The oil body said there "has been further recognition that the world can only phase in new energy sources at scale when they are genuinely ready”.