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    Rystad Energy.
    Russian LNG exports by destination region.
    Economics & Markets

    Rystad: Russian LNG's future in jeopardy as sanctions take hold

    April 25, 2024
    Despite Western sanctions post Russia's invasion of Ukraine, Russian oil production has remained strong, but the country’s natural gas and LNG sectors are strained due to pipeline...
    EIA.
    Brent crude oil spot price and global inventory changes.
    Economics & Markets

    EIA raises Brent price forecast on extended OPEC+ production cuts

    March 13, 2024
    In its March Short-Term Energy Outlook, the US Energy Information Administration said it expects the Brent crude oil spot price will average $88/bbl in second-quarter 2024, up...
    EIA.
    Average annual crude oil and condensate production from top three global producers (2013-2023).
    Economics & Markets

    EIA: US currently produces more crude oil than any country in history

    March 12, 2024
    The US has produced more crude oil than any country at any time for the past 6 consecutive years, according to Energy Information Administration data.
    US Energy Information Administration.
    China crude oil processing (2011-2023).
    Refining

    Crude oil processing in China hit all-time high in 2023

    March 5, 2024
    China set a new crude oil processing milestone with an average of 14.8 million b/d in 2023.
    Rystad Energy.
    OEPC+ crude production, previously assumed and updated profile (million b/d).
    Economics & Markets

    OPEC+ members to extend oil production cuts through June

    March 4, 2024
    Several OPEC+ members, led by Saudi Arabia and Russia, will extend voluntary oil output cuts of 2.2 million b/d into second-quarter 2024, providing the market with a boost amid...
    EIA. Data source: CEDIGAZ and the International Group of Liquefied Natural Gas Importers.
    Europe annual LNG imports by exporting country (2010-2023).
    Economics & Markets

    US remained largest LNG supplier to Europe in 2023

    March 1, 2024
    In 2023, the US maintained its position as the largest supplier of LNG to Europe (EU-27 and the UK), supplying nearly half of the total LNG imports, according to data from CEDIGAZ...