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Angola’s decision to quit OPEC raises concerns over group’s market management
- Other countries like United Arab Emirates may follow suit, indicating cracks among 13-member group, Iranian expert Fereydoun Barkeshli says
24.12.2023
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Red Sea LNG tanker disruptions may bear long-term economic risks: Analysts
- Rising tension in Red Rea, one of world’s most significant energy chokepoints, jeopardizes supplies of global oil, oil products, LNG
25.12.2023
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US crude oil inventories down 1% for week ending Dec. 8
- Inventories decrease by around 4.3 million barrels to 440.8 million barrels against market expectation of 1.5 million-barrel drawOPEC's oil supply drops by 57,000 barrels per day in November
- Global oil production, meanwhile, increases by 400,000 barrels per day to reach 101.7 million barrels per day, of which OPEC holds 27.6% shareCOP28 tentative climate deal calls for moving away from fossil fuel
- Final session of climate summit likely to be held later today
13.12.2023
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