The cartel's estimates remain well above the International Energy Agency's. ...

World oil supply is expected to match demand next year in a reflection of the wider OPEC+ group's production increases, an OPEC report showed on Wednesday, marking a further shift from its earlier pro... ...

Depth extended beyond original TD due to indications of hydrocarbons while drilling Extensive wireline logging planned CALGARY, Alberta, Nov. 12, 2025 (GLOBE NEWSWIRE) -- Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) is pleased to provide a drilling update on the Kavango West 1X exploration well. Brian Reinsborough, President & CEO, commented "I want to thank everyone who is working on the Kavango West 1X exploration well. The well ...

Core Insights - The key international agency forecasts that oil and gas consumption will continue to grow through 2050, indicating a significant shift in energy demand expectations [1] Group 1: Energy Demand Forecast - The current trajectory suggests that energy demand for oil and gas will increase, contrary to previous expectations regarding electric vehicle adoption [1]

Group 1: Oil Demand and Consumption - The International Energy Agency (IEA) projects that oil consumption will rise by 13% by the middle of the century if current trends continue, contradicting predictions of a peak in oil and gas consumption [1] - The IEA has shifted its focus from a current policy scenario to more drastic climate action scenarios, reflecting changing political attitudes towards climate change [1] Group 2: Oil Supply Dynamics - There is an ample supply of oil globally, which contributes to the continued rise in oil demand in the short and medium term due to its relative abundance and low cost [2] - The transition to electric vehicles may not occur as rapidly as previously anticipated, as indicated by the IEA [2] Group 3: Electricity Prices and Market Conditions - Rising electricity prices in many regions are driven by increased demand from electrification, artificial intelligence, and electric vehicles [3] - An oversupply in the oil market is keeping gasoline and diesel prices relatively low compared to historical standards [3]

Oil cargoes sought by state-owned refiner Indian Oil Corp. for early next year include Russian blends ESPO and Sokol, according to a tender document seen by Bloomberg https://t.co/NW1s8iSX3K ...

Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting competent advisors before making any financial decisions, particularly in the context of investments and trading [1]. Group 1 - The website provides general news, personal analysis, and third-party content intended for educational and research purposes [1]. - It explicitly states that the information does not constitute any recommendation or advice for investment actions [1]. - Users are advised to consider their financial situation and needs before relying on the information provided [1]. Group 2 - The website includes information about complex financial instruments such as cryptocurrencies and contracts for difference (CFDs), which carry a high risk of losing money [1]. - It encourages users to perform their own research and understand the risks involved before investing in any financial instruments [1].

Demand for oil and natural gas continues to grow to 2050 under a scenario based on existing policy and regulations, the energy watchdog said. ...

Core Viewpoint - Oil prices experienced a slight decline during the morning Asian session, indicating a potential technical correction after futures had increased for three consecutive sessions overnight [1] Group 1 - Oil futures rose for three straight sessions prior to the morning decline, suggesting a recent upward trend in the market [1] - The morning session's decline may be attributed to profit-taking or market adjustments following the previous gains [1]

Core Viewpoint - Oil prices remained stable on Wednesday following a rise in the previous session, driven by expectations that the end of the longest U.S. government shutdown could increase demand in the world's largest crude oil consumer [1] Group 1 - Oil prices showed little change after a previous increase, indicating market stability [1] - The potential end of the U.S. government shutdown is anticipated to boost demand for oil [1] - The U.S. is recognized as the largest consumer of crude oil globally, highlighting the significance of its government operations on oil demand [1]