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...
In 2023, oil demand reached an unprecedented 101.7 million b/d, driven by the rapid expansion of Chinese petrochemical activity and a surge in its demand for NGL feedstocks.
Angola last week announced it was leaving OPEC effective. Jan. 1, 2024. The country’s oil minister, Diamantino Azevedo said membership was no longer in the country’s best interests...