
US EIA predicts reduced global oil demand from trade tariffs and market uncertainties
The US EIA anticipates a decline in global oil demand growth through 2026, driven by recent trade policy and oil production changes.

The US EIA anticipates a decline in global oil demand growth through 2026, driven by recent trade policy and oil production changes.

Venezuela’s state oil company, PDVSA, has suspended several authorisations it previously granted to US-based Chevron for loading and exporting Venezuelan crude oil.

Energy Transfer LNG Export, has entered into a HOA with MidOcean Energy, a LNG company managed by EIG Global Energy Partners.

Tachyus has announced a new contract with INEOS USA Oil & Gas (INEOS) to implement its Aurion platform.

APTIM and BWX Technologies have been awarded a $1.4bn contract by the US DOE to manage and operate the Strategic Petroleum Reserve (SPR).

Hibiscus Petroleum has secured a 20-year extension for the PM3 Commercial Arrangement Area (CAA) production sharing contract (PSC) and upstream gas sales agreement (UGSA).

US crude oil stockpiles rose last week, driven by increased imports and a decline in exports to their lowest level since January.

If oil and gas are to maintain their place in the heart of the energy mix, both will need to decarbonise their upstream operations.

The BW Singapore floating regasification unit is set to commence operations in early May, enhancing Italy’s gas capacity.

US refiners are unlikely to make significant investments to process more domestic crude oil, impacting efforts to boost domestic oil output
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We are a niche consulting company providing services to the oil & gas, renewable energy, and decarbonization sectors.