Shell, Mubadala, Others Roll Out Red Sea Coral Reef Protection Initiative
Shell Plc Reappoints Ernst & Young as External Auditor
Express News | Shell Offshore: Two Wells in Silvertip Frio Reservoir Expected to Collectively Produce up to 6,000 BOE/D at Peak Rates
Shell Takes Investment Decision for Phase 3 Silvertip Project in the US Gulf of Mexico
Crude Oil Jumps Back Above $70 as US Inventories Fall to Lowest Level
IEA Monthly Report: Even if OPEC+ delays production increases, there will still be an oversupply of oil next year!
The IEA stated that if OPEC+ implements the production recovery plan starting in April, the Global market will face a surplus of 1.4 million barrels per day. The IEA has raised the forecast for global oil demand growth in 2025 by 90,000 barrels to 1.1 million barrels, mainly due to the economic stimulus measures recently announced by China.
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