BMI Flags Trends It Says Will Shape Future of Oil, Gas
Rigzone takes a closer look at a BMI 'megatrends analysis' sent by the Fitch Group.
Rigzone takes a closer look at a BMI 'megatrends analysis' sent by the Fitch Group.
The U.S. Energy Information Administration has raised both its 2025 and 2026 average Brent crude oil spot price forecasts in a short term energy outlook for the first time in 2025.
Indian refiners are expected to boost oil imports from Russia in the coming months.
Gains in equities and product stockpile declines offset bearish global supply forecasts.
41 percent of executives said their operations have been impacted by theft in the oil field in the past year, the Federal Reserve Bank of Dallas said in a Q3 Dallas Fed Energy Survey page posted on its site.
'When will OPEC+ turn around to make some cuts?', SEB Chief Commodities Analyst Bjarne Schieldrop asked in a report sent to Rigzone by the SEB team on Tuesday.
Oil prices barely budged as traders balanced OPEC+'s modest hike with Saudi Arabia's cautious pricing.
'We believe that the group will remain responsive to shifts in the oil price, tempering supply growth if necessary to prop up Brent', BMI analysts said.
The European Commission confirmed it received remedies.
Oil climbed as OPEC+ approved a moderate production hike, easing fears of a large supply jump.