Conglin Xu

August Russian oil exports at lowest level in 3 years

2023 OGJ100 earnings down on lower commodity prices

World oil demand growth continues to decelerate, with 2Q 2024 growth dropping to 710,000 b/d year-on-year, marking the slowest quarterly increase since fourth-quarter 2022, according...

A group of 44 US-based oil and gas producers and refiners recorded a total net earnings of $27 billion in first-quarter 2024, down from earnings of $48.5 billion in the previous...

Several OPEC+ members, led by Saudi Arabia and Russia, will extend voluntary oil output cuts of 2.2 million b/d into second-quarter 2024, providing the market with a boost amid...

Global oil and gas reserves increase in 2022

Oil companies are once again being forced to slash capital expenditures (capex) amid a prolonged price slump, with spending in North America bearing the brunt of the cuts.