Opec Supercharges Long-Term Oil Demand Outlook

Opec has revised up its long-term oil demand outlook by nearly 3mn b/d, citing a series of policy U-turns in advanced economies which are slowing down the shift away from oil and gas. The group expects oil demand to cont...

bp Projects Higher Upstream production in Q2 2025

bp Projects Higher Upstream production in Q2 2025

bp, a major international oil company, posted higher expectations for upstream production during Q2 2025 compared to Q1 2025. The company projects higher oil production and operations primarily in bpx Energy, while sligh...

Iraq FSRU Plans: Excelerate’s Chances Strengthen

Iraq’s ministry of oil has launched a rushed process to assess offers to lease a Floating Storage and Regasification Unit (FSRU). Deputy oil minister for gas affairs, Izzat Sabir, told MEES on the sidelines of this wee...