That shrinking market share creates a dilemma for OPEC+ and its Saudi leadership. They are wearing the pain of the lost volumes and revenues while others, particularly the US producers,…
Another is that as the global economy has slowed, and China’s economy in particular, demand growth for crude oil and refined products has also slowed.Global growth is expected to come in…
The Saudis pledged to cut their output by 500,000 barrels a day, with Kuwait, the United Arab Emirates, Algeria, Iraq, Kazakhstan and Oman also promising to reduce their production. As…
NEW DELHI – Russia became the third-largest oil supplier to India in 2022, making up about 15 percent of total purchases, dragging down OPEC’s share to the lowest in more than a…
In the short term, the US cannot easily step up its production, nor can it withdraw its military presence in the Middle East. In the medium term? That is a different story. It is crazy…