Kazakhstan’s Tengiz Oilfield Supply Uninterrupted Despite New Incident
The operator of Tengiz, the biggest oilfield in Kazakhstan, on Friday said it is investigating an incident from Wednesday, which has not interrupted supply. The field, operated by a Chevron-led…
Middle East Conflict Halts 15% of TotalEnergies Oil and Gas Production
The war in the Middle East has effectively shut in 15% of TotalEnergies’ global oil and gas output, while the now-offline barrels account for about 10% of the supermajor’s upstream…
Banks Hike Oil Price Forecasts, and Some See $150 Crude
Investment banks are scrambling to revise up their oil price forecasts as the Middle East war cripples supply from the most important oil-producing region, with some expecting oil to surge…
19 Million Barrels of Russian Crude Cleared for Sale in Asia
Refiners can legally buy at least 19 million barrels of Russian crude held on 25 tankers in Asia under the one-month U.S. waiver allowing sales as Middle Eastern supply is…
Goldman Sachs Hikes Brent Oil Forecast to Over $100 for March
Goldman Sachs expects Brent Crude prices to average over $100 per barrel this month as the Middle East war continues to choke supply, the investment bank said on Friday, noting…
Gulf Oil Producers Have Already Lost $15 Billion Since the Start of the War
Oil producers in the Arab Gulf have already lost at least $15.1 billion in oil and gas revenues since the start of the Middle East war, per estimates by commodities…
Global EV Sales Slip Again as China’s Market Stalls
Sales of electric vehicles globally booked another monthly decline in February, after dipping in January, mostly on the back of a marked slowdown in purchases in China. The country, which…
