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OPEC
OPEC: Global Oil Demand to Hit 120.1m Barrels per Day (Bpd) by 2050, Energy Demand to Increase 24% During Same Period
Natural Gas
14-10-2022
Germany's Natural Gas Storage Facilities Pass 95% November Target
Germany's natural gas storage facilities passed the 95% target for November three weeks ahead of schedule on Thursday.
Natural Gas
14-10-2022
EU Leaders May Back New Gas Price Benchmark, Document Shows
European Union country leaders may support plans to launch a new gas price benchmark at a meeting next week, as they seek to curb energy prices for consumers and industries.
Crude Oil
14-10-2022
Saudi Arabia, United States Clash Over Reason for OPEC+ Oil Cut
Saudi Arabia rejected as "not based on facts" criticism of an OPEC+ decision last week to cut its oil production target despite U.S. objections.
Crude Oil
14-10-2022
Oil Slides as U.S. Crude and Gasoline Stocks Surge
Oil prices slipped in early Asian trade on Friday as U.S. crude and gasoline inventories jumped, while Saudi Arabia and Washington continued to clash over plans by OPEC+ to slash production.
Crude Oil
14-10-2022
ADNOC Drilling Contract as UAE Steps up Oil & Gas Production
ADNOC Offshore awards US$980m contract for the hire of two jack-up offshore rigs and associated manpower and equipment.
Oil Pipeline
13-10-2022
Shell Investigates in Nigeria After Report of Nine-Year Oil Theft
Oil major Shell's Nigerian subsidiary is investigating reports that an illegal oil tap ran for nine years on a pipeline it operates, a spokesperson said on Wednesday.
United States
13-10-2022
U.S. Will Use SPR Barrels Responsibly Where It Makes Sense to Stabilize Markets -Official
The Bryan Mound Strategic Petroleum Reserve, an oil storage facility, is seen in this aerial photograph over Freeport, Texas, U.S., April 27, 2020. REUTERS/Adrees Latif/File PhotoU.S. Deputy Energy Secretary David Turk said on Wednesday that the United St
United States
13-10-2022
U.S. Oil Patch M&A in Q3 Tops $16 Bln, the Most This Year
Mergers and acquisitions in the U.S. oil patch accelerated to $16 billion in the third quarter, the most this year, although the nine-month total trails the year-ago period's.
Natural Gas
13-10-2022
Russia Could Deliver Gas via Nord Stream 1, but Not Nord Stream 2 - Germany
Germany will not take Russian gas via the Nord Stream 2 pipeline, a government spokesperson said on Wednesday after Russian President Vladimir Putin offered to resume supplies.
LNG
13-10-2022
Chevron Sees LNG Growth Opportunity in Europe on Strong Demand- Top Executive
U.S. oil major Chevron Corp expects high European prices for liquefied natural gas (LNG) to attract a majority of U.S. LNG exports in the short term, a top executive told Reuters on Wednesday.
Natural Gas
13-10-2022
Gas Price Cap Deal Eludes EU Countries, for Now
The European Union will unveil proposals next week to launch joint gas buying within months and develop an alternative gas price benchmark.
Natural Gas
12-10-2022
Germany Launches Investigation into Nord Stream Blasts
German federal prosecutors said they had opened an investigation against “unknown persons”.
OPEC
12-10-2022
U.S. Officials Promised Saudis It Wouldn’t Let Oil Market Collapse
U.S. officials told Saudi Arabia prior to the OPEC+ meeting that it would help stave off a collapse in the oil market by buying oil at $75 per barrel to replenish the nation’s Strategic Petroleum Reserves.
Crude Oil
12-10-2022
White House Leaves Door Open for Additional SPR Releases
The White House said on Tuesday that it has many options to counteract OPEC+’s looming production cuts, including the release of even more crude oil from the nation’s Strategic Petroleum Reserves.
Oil Refinery
12-10-2022
French Refinery Strikes Worsen as France Moves to Call Back Essential Workers
France said on Tuesday that it would requisition essential workers to staff Exxon’s French oil depot, and threatened to do the same for Total’s French refineries if talks failed to progress.
Israel
12-10-2022
Israel and Lebanon Reach Historic Agreement That Unlocks Oil and Gas Reserves
Israel and Lebanon have reached a “historic” agreement to settle their long-running dispute over their maritime border.
Natural Gas
11-10-2022
Natural Gas Prices in Europe Fall to a Three-Month Low
On Monday, Europe’s natural gas prices fell to the lowest level in three months thanks to mild weather and a high level of LNG imports.
OPEC
11-10-2022
Prices at the Pump Are Ticking Higher After OPEC Decision
Gasoline prices in the United States have jumped over 3% since OPEC’s decision last week to cut output by 2 million barrels per day in November, reversing the trend that had seen prices lower at the pump for weeks.
Natural Gas
11-10-2022
The World’s Longest Offshore Gas Pipeline Could Get the Green Light Next Year
Nigeria, Morocco, and their partners expect to make a final investment decision next year on what would be the world’s longest offshore gas pipeline from Nigeria to Morocco and onto southern Europe.
Oil Refinery
11-10-2022
France’s Fuel Supply Problems Worsen as Refinery Strikes Continue
France’s fuel distribution continues to be disrupted by the ongoing strikes at refineries with no end in sight to the industrial action that has left more than 60% of French refining capacity offline.
United Kingdom
11-10-2022
UK Energy Industry Body Upset Over Fracking’s Net-Zero Snub
UK energy body UKOOG criticized Tory MP Chris Skidmore for not including fracking in a net-zero review.
OPEC
11-10-2022
Saudi Aramco to Maintain Full Oil Supplies to Asia in Nov Despite OPEC+ Cuts
Saudi Aramco has told at least seven customers in Asia they will receive full contract volumes of crude oil in November ahead of the peak winter season.
LNG
11-10-2022
Experts: U.S. LNG Growth Could Slow Next Year
While American LNG is poised for long-term growth, next year could see a slowing of domestic natural gas demand due as infrastructure and expansion plans experience limitations, Natural Gas Intelligence reports.
Philippines
10-10-2022
Philippine President Encouraging Most Competitive Energy Sources Including Russian Fuel
Philippine President Ferdinand Marcos Jr is encouraging local energy firms to tap fuel supplies from "the most competitive sources", including Russia, to mitigate the impact of high prices on consumers, Energy Secretary Raphael Lotilla said.
Oil Price
10-10-2022
Oil Takes a Breather, Eases off 5-Week Highs
Oil prices slipped on Monday, easing off five-week highs, as the market took profits following strong gains last week on expectations of tighter supplies following OPEC+ cuts and ahead of the European Union embargo on Russian oil.
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IEA to Expedite 2025 Oil Demand Forecast, OPEC Also Moves Early
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Pemex Deer Park, Texas, Refinery Reports Spill Into Houston Ship Channel
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U.S. Weighs Sanctions on Russia Energy Flows, but Time Is Not 'Right Now'
