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#oilproduction

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Sunday, June 1, 2025

UK identifies Russia as an ‘immediate and pressing’ threat in new defense review — Ukraine’s enduring cyber defense: Assessing resilience and impact of shifting international support — European leaders shift focus to defending Ukraine without US support — Pompeo urges Trump not to legitimize Russia’s land grabs in Ukraine … and more

activitypub.writeworks.uk/2025

The number of drilling rigs worldwide rose by 63 last month to 1864, with a rise of 12 rigs in OPEC countries and 51 in non-OPEC countries. Global oil demand is expected to increase by 2.24 million barrels compared to last year, reaching 104.4 million barrels, driven by capacity expansions and petrochemical margins in non-OECD countries, particularly in China and the Middle East. #OPEC #OilProduction #OilDemand #CrudeOil #OilMarket #EnergySector #GlobalEconomy