Energy

Oil prices are expected to remain stable in 2025, as analysts predict that ample global supply and potential geopolitical developments, such as a Russia-Ukraine peace deal, will counterbalance the impact of U.S. sanctions.The market’s resilience is attributed to the significant spare production capacity held by OPEC+ and robust non-OPEC output. HSBC’s Kim Fustier noted that […]

OPEC+ is grappling with whether to proceed with a planned oil output increase in April or maintain current production levels, as the group faces a complex global supply landscape shaped by U.S. sanctions on Venezuela, Iran, and Russia, according to eight sources within the alliance. The coalition, which typically confirms production policies a month in […]

The termination of Chevron’s license to operate in Venezuela could pave the way for a new agreement between the U.S. energy giant and state-owned PDVSA to export crude to markets outside the United States, according to sources familiar with the discussions. The move comes after U.S. President Donald Trump announced on Wednesday that he was […]

The Canadian government is under pressure to develop new oil pipelines to reduce reliance on the U.S. market, especially with President Donald Trump threatening tariffs on Canadian oil exports. However, significant regulatory, financial, and political hurdles, along with activist opposition, pose challenges for any new pipeline projects. Key Highlights:Urgency for New Pipelines: Canadian politicians, including […]

On Wednesday, U.S. President Donald Trump announced the revocation of a license that allowed Chevron to operate in Venezuela, a license granted by his predecessor Joe Biden over two years ago. Trump cited the lack of progress on electoral reforms and the return of Venezuelan migrants as reasons for this decision. Key Highlights:Reversal of Concessions: […]

According to Shell’s annual report released on Tuesday, global demand for liquefied natural gas (LNG) is projected to increase by approximately 60% by 2040, primarily fueled by economic growth in Asia, advancements in artificial intelligence, and efforts to reduce emissions in heavy industries and transportation. Key Highlights:Demand Projections: Shell estimates that LNG demand will reach […]

Former President Donald Trump expressed his desire for the construction of the Keystone XL Pipeline, promising streamlined regulatory approvals for the controversial crude oil project, which faced significant opposition from environmentalists and was ultimately halted by the Biden administration. Key Highlights:Project Overview: The $9 billion Keystone XL Pipeline was proposed in 2008 to transport 830,000 […]

Oil prices experienced a rebound on Monday, driven by new U.S. sanctions on Iran and Iraq’s commitment to adhere to OPEC+ production agreements, which heightened concerns about near-term supply tightness. Key Highlights:Price Movements: Brent crude futures increased by 35 cents (0.5%) to settle at $74.78 a barrel.U.S. West Texas Intermediate (WTI) crude rose by 30 […]

BP’s Chief Executive, Murray Auchincloss, is set to announce a significant shift in strategy, scrapping the company’s ambitious target to increase renewable generation capacity 20-fold by 2030. This decision comes as BP seeks to address investor concerns over its earnings performance. Key Highlights:Change in Strategy: BP will abandon its goal of growing renewable generation capacity […]

U.S. Treasury Secretary Scott Bessent hinted on Thursday that Russia could see some easing of U.S. sanctions if it demonstrates a genuine willingness to negotiate an end to the war in Ukraine. In an interview with Bloomberg Television, Bessent suggested that the U.S. is open to adjusting its sanctions policy based on the progress of […]