What's New
What to Watch Out for at COP28
Friday 1st of December 2023
In a report sent to Rigzone on Wednesday, Matthew Bey, a senior analyst at RANE, outlined several things to watch out for at the COP28 climate summit, which is taking place from November 30 to December 12 in the United Arab Emirates (UAE).“The center…
Petrobras terminates LUBNOR refinery sale
Wednesday 29th of November 2023
Petrleo Brasileiro SA (Petrobras) has terminated the contract for the sale of the 10,400-b/d Lubrificantes e Derivados de Petrleo do Nordeste (LUBNOR) refinery in Fortaleza, Cear, Brazil, and its associated logistics assets (OGJ Online, Feb. 9, 2023; …
Oil supply running ahead of demand before delayed OPEC production policy meeting
Tuesday 28th of November 2023
Ahead of the delayed OPEC+ meeting on Thursday, there are indications oil supply is running ahead of demand, highlighting the thorny challenge facing the group as it prepares to set production policy for 2024.With futures well down from September high…
Brent holds above $80 a barrel ahead of OPEC+ meeting
Monday 27th of November 2023
Oil prices were little changed on Monday, with Brent holding above $80 a barrel, as investors awaited the OPEC+ meeting later this week for an agreement to curb supplies into 2024.Brent crude futures edged up 12 cents, or 0.2%, to $80.70 a barrel by 0…
