Will Venezuela manage to extend the period of waiver of sanctions?

As the 53rd JMCC, Joint Ministerial Monitoring Committee, of the OPEC+ is scheduled to take place on April 3, analysts are looking at every possible scenario that could rise in the aftermath of such a meeting. A consensus has already emerged among them that the OPEC+ would stick to its production qu…

Read more »

The trend in China's Oil Imports in 2023: the stagnation of the prices is partially explained!

The data from 2023 clearly shows that China, the world's top importer of crude oil, is a factor that cannot be ignored when it comes to the stability in the crude oil markets. The trendline, based on the crucial crude oil import volumes, shows a gradual, not a steep, decline in line with the flu…

Read more »

Strategic Reserves and Domestic Production: Unpacking US Options for Oil Price Fluctuations

The latest data from the EIA, US Energy Information Administration, suggests that the US had been the largest producer of crude oil in 2023, despite turning to other sources to boost the global oil production. It has been more than 4 years since the US became a net exporter of crude oil. The data ex…

Read more »

Test Your Knowledge of the Oil & Gas Industry : take our 10-minute interactive quiz!

The Quiz: Multiple Choice Questions Time: 10 minutes - Created by Crude Oil Futures - This quiz covers significant milestones, key players, and evolving challenges in the oil and gas industry. It delves into historical developments, technological advancements, and contemporary issues impacting the sec…

Read more »

Oil Price: China's manufacturing activity shrinks, yet again in February

China's purchasing manager's Index, PMI, a key metric that signals the health of the manufacturing sector in the world's second largest economy, fell slightly in February, despite scoring 0.2% rise in January relative to December, 2023. As it remains below the threshold, 50%, since Septe…

Read more »

Thinking outside the box: the tips for the OPEC+ from an anxious observer!

The price of crude oil shot up slightly at the beginning of this week, only to come down closer to where it had been in the last few weeks. The price of LNG, liquified natural gas, meanwhile saw its biggest drop in its recent history. As of 18:00 GMT on Friday, the prices of two major benchmarks, WT…

Read more »