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OPEC: Global Oil Demand to Hit 120.1m Barrels per Day (Bpd) by 2050, Energy Demand to Increase 24% During Same Period

OPEC

OPEC: Global Oil Demand to Hit 120.1m Barrels per Day (Bpd) by 2050, Energy Demand to Increase 24% During Same Period

OPEC
10-10-2022

Saudi Aramco to Keep Full Oil Supplies to N. Asia in Nov Despite OPEC+ Cuts
Saudi Aramco has told at least five customers in North Asia they will receive full contract volumes of crude oil in November
Natural Gas
10-10-2022

Energean Begins Tests at Disputed Israel-Lebanon Border Gasfield
Lebanon and Israel have engaged in on-off indirect talks since 2020 to delineate their Mediterranean border
Natural Gas
10-10-2022

German Gas Commission Wants One-off Payment Now, Price Break Next Year
Germany's expert commission charged with drawing up plans to ease the impact of soaring gas prices on consumers favors a one-off payment this year and a price break from next March or April
France
10-10-2022

TotalEnergies Accelerates Refinery Wage Talks as Fuel Supply Shrinks
Wage talks had been scheduled for mid-November
France
10-10-2022

TotalEnergies Says It Is Ready to Hold Wage Talks in October
French energy group TotalEnergies on Sunday proposed annual wage negotiations to start this month, subject to the end of industrial action that continues to restrict output at some of its sites.
OPEC
10-10-2022

OPEC Oil Cuts Bad for Global Economy, Treasury Secretary Janet Yellen Tells Financial Times
U.S. Treasury Secretary Janet Yellen said a decision by the OPEC+ grouping to cut oil production was "unhelpful and unwise" for the global economy, especially emerging markets
OPEC
10-10-2022

Kremlin Praises OPEC+ for Countering U.S. 'Mayhem'
The Kremlin on Sunday praised OPEC+ for agreeing production cuts that had successfully countered the "mayhem" sown by the United States in global energy markets.
LNG
10-10-2022

Petronas Pipeline Leak Hit Part of Malaysia's LNG Exports
Contracts to export Malaysian liquefied natural gas (LNG) that sources gas from the northern Borneo state of Sabah are under force majeure following a pipeline leak
Crude Oil
10-10-2022

The UAE Isn’t Ditching Oil for Renewables Just Yet
The UAE isn’t likely to curb its oil production in favor of renewables any time soon.
OPEC
09-10-2022

Oil Jumps 4% to 5-Week High Lifted by OPEC+ Output Cut
Oil prices jumped about 4% to a five-week high on Friday, lifted again by an OPEC+ decision this week to make its largest supply cut since 2020 despite concern about a possible recession and rising interest rates.
Crude Oil
09-10-2022

Putin Orders Seizure of Exxon-led Sakhalin 1 Oil and Gas Project
Russian President Vladimir Putin signed a decree on Friday that establishes a new operator for the Exxon Mobil Corp-led Sakhalin-1 oil and gas project in Russia's Far East.
Crude Oil
09-10-2022

China Releases First Batch of 2023 Crude Oil Import Quotas
China has issued the first batch of crude oil import quotas for 2023, mainly to independent refiners, four sources familiar with the matter said on Saturday.
Oil Refinery
09-10-2022

France Struggles with Refinery Strikes, but Not Planning Petrol Rationing
More than a fifth of France's service stations were grappling with supply problems on Saturday as strikes at refineries run by oil majors TotalEnergies and ExxonMobil continued to strain drivers' nerves.
Oil&Gas Drilling
09-10-2022

UK Launches Licensing Round for New Oil and Gas Projects
Nearly 898 blocks and part blocks could potentially be developed under the new awarded licenses
Oil&Gas Drilling
08-10-2022

‘New North Sea Oil and Gas Projects at Odds with UK Climate Goals’
New oil and gas fields cannot alleviate the financial pressure caused by rising energy bills, according to a report
Natural Gas
08-10-2022

Shell Warns Weak Earnings From Gas Trading Could Impact Profits
Shell warned that third-quarter profits would be dented after it weathered a sharp rise in refining costs and weaker earnings from natural gas trading.
India
08-10-2022

India's Fuel Demand Slips to 10-Month Low in September
India's monthly fuel demand in September was at the lowest since November 2021, government data released on Friday showed.
Crude Oil
08-10-2022

U.S. Sells Oil from Emergency Reserve to Marathon, Equinor, Others
The United States has sold a 10.15 million barrel batch of oil from the Strategic Petroleum Reserve to eight companies, the Department of Energy said on Friday.
Coal-Fired Power Plants
05-10-2022

Ørsted Ordered to Restart Oil- and Coal-Fired Power Plants amid Supply Crunch
Danish authorities have ordered Ørsted to continue and resume operations of three of its oil- and coal-fired power station units in order to ensure security of supply in Denmark.
Natural Gas
03-10-2022

Natural Gas Markets to Remain Tight in 2023 as Russia Cuts Supply, IEA Says
Global gas consumption will decline by nearly 1% in 2022
OPEC
03-10-2022

Opec+ to Hold In-Person Meeting Next Week in Vienna
This will be the first in-person ministerial meeting since March 2020, the group says
Natural Gas
30-09-2022

Fourth Gas Leak at Nord Stream Found
Authority supervising the Swedish coastline has confirmed its findings while the US reaffirmed its support to its European allies
Natural Gas
30-09-2022

OPEC+ Has Begun Talks on Output Cut at Oct. 5 Meeting
Leading OPEC+ members have begun discussions about an oil output cut at the group's next meeting on Oct. 5, three sources told Reuters.
Natural Gas
30-09-2022

German Gas Price Brake to Cost Between 15 Bln and 24 Bln Euros
A brake on gas prices currently being discussed by the German government could cost between 15 billion and 24 billion euros, depending on market price developments.
Oil Pipeline
30-09-2022

Canada’s Enbridge to Sell Oil Pipelines Stake to Indigenous Groups for C$1.12 Bln
Canada's Enbridge Inc will sell a C$1.12 billion minority stake in seven Alberta oil pipelines to a group of Indigenous communities, in North America's largest energy-related Aboriginal partnership.

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