Weakness in manufacturing in China, the EU and the U.S. has been weighing on demand for distillates and will likely continue to weigh on global oil demand early in 2024.
France s proposed energy legislation marks a significant shift in its energy policy, favoring nuclear power over renewable energy commitments and altering its climate objectives.
The increasing instability in the Middle East, including the conflict in Gaza and tensions in other regions, presents China with diplomatic and political opportunities to expand its influence in the region.
The force majeure that was declared at Libya’s largest oilfield this weekend underlines the risky situation in which oil companies operate in the hydrocarbon-rich African country