FeaturedOil & GasIF Insights: Have the sanctions against Russia worked?IFM CorrespondentMay 25, 2023October 10, 2023 by IFM CorrespondentMay 25, 2023October 10, 2023 One of the primary objectives of the sanctions was to limit Russia's access to the global energy market and reduce its ability to export oil... Read more
FeaturedOil & GasFall in oil output to slow down Saudi GDP growth in 2023?IFM CorrespondentMay 19, 2023 by IFM CorrespondentMay 19, 2023 The non-oil revenues increased by 9% in Q1 2023 while oil revenues declined by 3%, as per the Saudi government stats... Read more
FeaturedOil & GasUS inventory jump, rate hike worries bring negative volatility in oil sectorIFM CorrespondentFebruary 21, 2023 by IFM CorrespondentFebruary 21, 2023 Russian Deputy PM Alexander Novak announced that the country plans to cut its oil production by 500,000 barrels per day in March 2023... Read more
FeaturedOil & GasFearing oil shortage, experts bat for more investments in energy sectorWebAdminFebruary 14, 2023 by WebAdminFebruary 14, 2023 According to the IEA, the expansion of the oil supply will decrease to one million barrels per day... Read more
EnergyFeaturedIndonesia poised for record coal exports in 2023IFM CorrespondentFebruary 8, 2023February 10, 2023 by IFM CorrespondentFebruary 8, 2023February 10, 2023 In 2022 Indonesia produced 687 million tonnes of coal and exported 494 million tonnes... Read more
FeaturedOil & GasPorts and ShippingTiny Spanish port emerges new hub for Russian oil tradeWebAdminFebruary 6, 2023 by WebAdminFebruary 6, 2023 Since December 5, reported volumes of Russian oil on ships have fluctuated, reaching a new low at the end of that month... Read more
FeaturedOil & GasOil prices rise amid halt in US Fed rate hikes, China reopeningWebAdminJanuary 30, 2023January 30, 2023 by WebAdminJanuary 30, 2023January 30, 2023 Chinese oil demand rose by about 1 million barrels per day from the previous month to 15.41 million BPD in November, the highest level since February... Read more
FeaturedOil & GasMoody’s predicts another budget surplus year for OmanWebAdminJanuary 16, 2023 by WebAdminJanuary 16, 2023 Oman experienced its first USD 2.98 billion budget surplus in close to a decade in 2022, which is credit-positive, according to Moody’s... Read more
FeaturedOil & GasOPEC oil production surges despite intended cutsPrajwal WeleJanuary 11, 2023 by Prajwal WeleJanuary 11, 2023 Many crude streams in Nigeria made more oil in December, and some businesses said that security had gotten better... Read more
FeaturedOil & GasCrude oil ends 2022 with second straight annual gainWebAdminJanuary 4, 2023 by WebAdminJanuary 4, 2023 The new CEO of Brazil's state-run oil corporation Petrobras announced that he intended to change the nation's fuel price policy... Read more