Extractive 360
INTERNATIONAL NEWS
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116OPEC Downgrades 2025 Forecast For U.S. Oil
OPEC has downgraded the forecast for the U.S. oil and condensate production in 2025 by 50,000 barrels per day. Now it expects...
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133OPEC+ Reiterates Commitment To Monitor Production Adjustment
The Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC countries have reaffirmed commitments to monitor production adjustment aimed at maintaining stability in...
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142US Oil Refiners Look To Latin America, Iraq After Trump Tariffs
US oil refiners will look to Latin America and the Middle East to replace suddenly more expensive Canadian and Mexican crudes following...
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131Oil Set For Weekly Decline As Trump Tariff Threat Looms Large
Oil prices were steady on Friday but on course for a weekly decline as markets wait to see if U.S. President Donald...
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153OPEC Maintains Proactive Strategy For Global Oil Market Stability, Sec-Gen Says
OPEC Secretary-General Haitham Al-Ghais emphasized the group’s unwavering commitment to stabilizing global oil markets, pointing to the group’s ‘proactive, preemptive, and precautious’...
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180Biden Bans Offshore Oil, Gas Drilling Along US Coastline
U.S. President Joe Biden will ban new offshore oil and gas development along most U.S. coastlines, a decision President-elect Donald Trump, who...
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310Shell, Equinor Reach Deal To Merge UK North Sea E&P Portfolios
Shell UK and Equinor UK have agreed to combine their UK offshore oil and gas interests to form a new company. The...
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280
OPEC Output Rises As Libya Recovery Offsets Iraqi Curbs
OPEC’s crude production increased for a second month as Libya continued to recover from a political feud that had shuttered its biggest...
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276COP29: UN Chief Urges Support For Developing Countries Impacted By Climate Change
The United Nations Secretary-General, António Guterres on Tuesday urged nations to increase contributions to a fund supporting developing countries impacted by climate...