Despite of the fact that there happens to be recession teamed with economic headwinds, OPEC is optimistic about Asia driving international oil demand in 2023.
Starting July, Saudi Arabia is going to slash a million barrels per day crude oil production and the US might be the market facing the majority of the heat.
International Energy Agency projects post-pandemic oil demand surge ending in 2023, as transition to cleaner fuels and electric car adoption curtails growth.
To make sure that Sustainable Aviation Fuel has a decent share of production when it comes to total renewable fuels, IATA suggests government intervention.
Qatar has struck a second LNG supply deal with China, this time with China National Petroleum Corporation in a 27-year agreement, enhancing their robust ties.
