Roughly 20% of global oil and LNG flows through the Strait of Hormuz—making any disruption a potential shock to global energy markets.
All posts tagged oil
“Oil glut” looms amid rising non-OPEC production and China’s slowing demand
Global commodity prices are set to tumble to a five-year low in 2025 amid an oil glut—so large that it is likely to limit the price effects even of a wider conflict in the Middle East
U.S. is now a net petroleum exporter
In the second half of 2023, international factors supported economic growth, with exports boosting GDP despite a strong dollar. US petroleum exports hit record highs, making the U.S. a net exporter, but trade with China dropped, with imports falling 20% and exports down by nearly 5%. As of July 1, 2023, U.S. petroleum exports exceeded…
Here is How Data Analytics is changing the Oil and Gas Industry
In 2006, marketing commentator Michael Palmer had blogged, “Data is just like crude. It’s valuable, but if unrefined it cannot really be used.” After nine years, the statement still holds true across any industry that depends on large volumes of data. It is true that until and unless, data is not broken down into pieces…