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By Weilun Soon Rates to ship crude on tankers are surging more widely across the world after the US moved to exert control over Venezuelan flows, a trade once primarily handled by a dark fleet of aging vessels. Shipowners are deploying legitimate tankers near the US Gulf in anticipation of higher demand for vessels instead …
Venezuela’s Oil Shakeup Ripples Even Wider Across Tanker Market Read More »
BEIJING, Jan 22 (Reuters) – China defended its wind power record and reinforced its commitment to promote the global transition to low-carbon energy, after U.S. President Donald Trump’s criticism at the World Economic Forum annual meeting in Davos, Switzerland. “China’s efforts to tackle climate change and promote the development and application of renewable energy in …
Davos: China Defends Wind Power Strategy After Trump’s Criticism Read More »
DAVOS, Switzerland, Jan 22 (Reuters) – Global oil glut predictions are seriously exaggerated as demand growth remains strong and global oil stocks are depleted, Amin Nasser, chief executive of Aramco , the world’s biggest oil producer, said on Thursday. Oil prices have traded above $60 per barrel for most of 2025 with analysts predicting a decline …
DAVOS: Aramco CEO Says Oil Glut Predictions are Exaggerated Read More »
(Reuters) – Saudi Arabia’s crude oil exports in Nov rose to 7.378 million barrels per day from 7.098 million bpd in Oct, official data showed on Wednesday. Monthly export figures are provided by Riyadh and other members of the Organization of the Petroleum Exporting Countries (OPEC) to the Joint Organizations Data Initiative (JODI), which published …
Saudi Arabia Crude Exports Rise to 7.378 mln bpd in Nov Read More »
By Ron Bousso (Reuters) – Spiralling trade tensions between the U.S. and Europe over President Donald Trump’s bid to buy Greenland have once again left the bloc highly vulnerable in a geopolitical tussle because of its heavy dependence on a single supplier for its critical energy needs. Less than four years ago, Europe’s economy was …
Europe’s Energy Weak Spot Reemerges in Greenland Dispute: Bousso Read More »
Summary Global demand growth revised 70,000 bpd higher on lower tariff impacts in 2026 Oil prices have risen about 6% so far this year OPEC+ has paused output hikes (Reuters) – The global oil market will be in deep surplus in the first quarter of 2026, the International Energy Agency said on Wednesday, as so …
World Oil Market Faces Significant Surplus in First Quarter, IEA says Read More »
China’s crude oil imports from top supplier Russia fell 0.7% year-on-year in December to 9.33 million metric tons, or 2.2 million barrels per day, but hit the highest level for 2025. Imports from Malaysia, the largest trans-shipment hub for sanctioned Iranian oil, fell 37.9% to 4.14 million tons, or 0.97 million bpd. Imports from Indonesia …
China’s December Crude Imports From UAE, Brazil, Canada Hit Record Highs Read More »
(Reuters) – Venezuela’s interim president Delcy Rodriguez said on Tuesday that the country has received $300 million from oil sales, the first proceeds from U.S. President Donald Trump’s announced 50-million-barrel oil supply deal with Caracas, following the capture of President Nicolas Maduro earlier this month. Trump said separately on Tuesday his country had taken the …
Venezuela Has Received $300 Million in Funds From Oil Sales, Acting President Says Read More »
(Reuters) – Oil production at Kazakhstan’s vast Tengiz oil field, one of the world’s largest, could be halted for another 7-10 days after shutting down on Sunday, cutting crude exports via the Caspian Pipeline Consortium, three industry sources told Reuters. The field’s operator Tengizchevroil (TCO) said on Monday that due to power supply problems, production …
Kazakhstan’s Tengiz Oil Field to Stay Shut for Another 7-10 Days, Sources Say Read More »
By Niccolo Conte | Article/Editing: Bruno Venditti | Graphics/Design: Amy Realey Key Takeaways Russia, Iran, and Qatar together hold more than half of the world’s proven natural gas reserves. Natural gas reserves are heavily concentrated in a small number of countries, shaping global energy and geopolitics. Natural gas plays a critical role in the global …
Ranked: Natural Gas Reserves by Country – Visual Capitalist Read More »
