The Organization of Petroleum Exporting Countries and its allies will meet Thursday, when they may decide to boost output by 550,000 barrels a day in August, a Bloomberg survey shows. Physical oil markets are screaming for more supply. Still, Saudi Arabia, OPEC’s top producer, has so far proceeded cautiously, with the persistence of Covid-19 and […]
Voters picked Ebrahim Raisi, seen as the more hardline candidate, to become Iran’s next president in Friday’s election. “Having Iranian oil back in the market will be absorbed by demand if it moves to the second half or last quarter of 2021,” Vakhshouri said of the potential timing for increased crude exports from the Islamic […]
Over the past 24 hours, both Cheniere Energy and Sempra Energy, two of the largest American exporters of liquefied natural gas, announced they were looking to add carbon capture and sequestration capabilities to their projects. The moves come as the industry works to clean up its image and bring a dozen stalled projects into development […]