OilPrice
MAY 18, 2025
Goldman Sachs analysts have revised their outlook for global oil demand upwards, now expecting growth of 600,000 barrels daily this year and 400,000 barrels daily in 2026. The bank, however, maintained its oil price forecast at $60 per barrel of Brent crude and $56 per barrel of West Texas Intermediate for this year, Reuters reported, citing a new note.
Energy Outlook Advisors
MAY 18, 2025
Subscribe now Oil market data has deteriorated since 2017 due to the US EIA's inability to define "crude" and distinguish actual crude production in shale plays. Crude production numbers include condensates and NGLs, counted as NGLs on the demand side but as crude when blended with Canadian crude for export. This issue is global, as agencies, banks, and consultants rely on EIA data.
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OilPrice
MAY 18, 2025
Several parts of Africa have a long history of mining, with the sector contributing high levels of employment across the continent. As the demand increases for critical minerals needed to fuel a green transition, mining companies are increasingly showing an interest in Africa for its vast untapped resources.
Rigzone
MAY 18, 2025
Nigeria received $3.8 billion in production entitlements.
OilPrice
MAY 18, 2025
Egypt is once again facing a resurgence of natural gas shortages, drawing headlines as the country enters the peak summer season. With soaring temperatures above 40C expected in the coming months, electricity demanddriven largely by air conditioningis putting intense pressure on the national grid. In response, the Cairo government is scrambling to implement emergency measures to avoid blackouts.
BOE Report
MAY 18, 2025
(The opinions expressed here are those of the author, a columnist for Reuters.) *Chinese independent refineries accounted for 77% of Iran 2024 exports *Iranian imports are discounted, offering profits uplift *Removal of sanctions will undermine teapots’ business model By Ron Bousso LONDON, May 19 – The possible lifting of U.S.
OilPrice
MAY 18, 2025
China produced 3.8% more coal this April than a year ago, at 389.31 million tons. This was down from a month earlier when production hit a record but still strong enough to cement coals role in the countrys energy mix. Coal imports in April fell by 16% amid weaker prices that stimulated consumption of domestic supply. Production over the first four months of the year stood at 1.58 billion tons, customs data cited by Reuters revealed.
Energy Aggregated brings together the best content for energy professionals from the widest variety of industry thought leaders.
Rigzone
MAY 18, 2025
'Having successfully raised funding to progress drilling activity in the Beetaloo Basin, we are focused on delivering the largest single drilling campaign in the region to date'.
Iraq Business News: Oil & Gas
MAY 18, 2025
By John Lee. The Iraqi Centre for Oil Services , a strategic partnership between Basra Oil Company (BOC) , the Arab Well Logging and Oil Services Company (AWLCO) , and Gilgamesh Oil Services , has been inaugurated by Minister of Oil, Hayan Abdul Ghani. Speaking at the event, he highlighted the centre as a milestone in Iraq's oil industry, aimed at achieving self-sufficiency and fostering private sector partnerships.
Rigzone
MAY 18, 2025
Chinese fossil fuels output fell in April from the record levels hit in the prior month, although gas, oil and coal increased compared to the previous year.
POWWR
MAY 18, 2025
In a highly commoditized and competitive energy market, brand differentiation can feel like an uphill battle. But if every energy supplier is selling the same kilowatt-hour, what really makes one stand out over another?
Rigzone
MAY 18, 2025
Malaysia is committed to reducing petrol subsidies in the second half of the year and is refining its plan as U.S. tariffs darken the economic outlook.
OilPrice
MAY 18, 2025
India has suspended the Indus Waters Treaty with Pakistan, a major water-sharing agreement brokered by the World Bank. The move came on April 23, within a day of a deadly shooting in Pahalgam, in the Indian-administered part of Kashmir, marking the first time the treaty has been paused since the pacts inception in 1960. In response, Pakistan stated that an attempt to stop the flow of water would be considered an act of war.
Energy Central
MAY 18, 2025
GEH BWRX-300 SMR Approved for Construction at OPG’s Darlingtion Site NRC Accepts for Review Construction Permit Application for X-Energy SMRs EnergySolutions Pursues Early Site Permit from NRC for Kewaunee Power Station NuScale Expects Final Investment Decision for Romanian Site in 2026 Belgium Parliament Votes To Abandon Nuclear Phaseout Plans Zeno Power Raises $50 million.
OilPrice
MAY 18, 2025
The decline in oil prices and the prevailing uncertainty about the economy, trade, and supply chains are accelerating the peak in U.S. oil production despite President Donald Trumps drill, baby, drill slogan. With the U.S. benchmark WTI crude prices at $60 per barrel, its mostly hold, baby, hold in the American shale patch, where output in the major basins except the Permian has already started to level off or drop.
CNBC: Energy
MAY 18, 2025
The top 220 $TRUMP holders are supposedly being invited to a private dinner with President Donald Trump at his golf club outside of Washington, D.
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