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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

Crude Oil
06-06-2022

Oman’s New Oil Discoveries to Increase Output by up to 100,000 Barrels
Production is expected to rise over the next two to three years
Oil & Gas Supply
06-06-2022

Germany Faces 5 Billion Euros a Year Hit From Russian Gas Sanctions, Welt Am Sonntag Reports
Russia's sanctions against Gazprom Germania and its subsidiaries could cost German taxpayers and gas users an extra 5 billion euros ($5.4 billion) a year to pay for replacement gas.
Crude Oil
05-06-2022

France in Talks With UAE To Replace Russian Oil Supplies
France is in talks with the United Arab Emirates to replace Russian oil purchases.
Oil & Gas Supply
02-06-2022

Russia’s Gazprom Cuts off Gas Supply to Denmark’s ØRsted
The Danish company said Gazprom Export has halted the supply of gas after the Russian firm demanded payment in roubles, despite being under no obligation to do so under the contract
Oil Shale
02-06-2022

ExxonMobil to Sell Shale Assets in Texas to BKV for $750M
The Barnett Shale gas assets are part of ExxonMobil’s gas resources in North America that were removed from the company’s development plans in 2020.
OPEC
02-06-2022

OPEC+ Working On Making up for Lower Russian Oil Output
OPEC+ is working on making up for a drop in Russian oil output as Russia's production has fallen by around 1 million barrels per day as a result of Western sanctions on Moscow over Ukraine.
United Kingdom
02-06-2022

Windfall Tax to Cost UK-Focused Oil Firms More Than $3 Billion
The new windfall tax on profits of oil and gas companies in the UK is expected to cost the medium-sized North Sea-focused companies a total of $3.3 billion through 2025, according to investment bank Jefferies.
Oil & Gas Supply
01-06-2022

Gazprom Cuts Gas Supply to Orsted and Shell Energy
Russian gas producer Gazprom has cut off gas supplies to Denmark's Orsted and to Shell Energy for its contract to supply gas to Germany, it said on Wednesday, citing the companies' failure to make payments in roubles.
LNG
01-06-2022

First Dutch Bio-LNG Installation Produces Millionths Kilogram
The Netherlands’ first bio-LNG plant has now achieved a production milestone of 1 million kg, enabling approximately 4 million km of sustainable transport with heavy-duty trucks.
Denmark
01-06-2022

Danish Offshore Wind Giant Rejects Demand for Payments in Roubles
Ørsted has said there is a risk that Gazprom Export will stop supplying gas to the company.
LNG
31-05-2022

Nearly Six Million UK Homes ‘Could Be Hit by Power Cuts Due to Energy Shortage’
Experts have warned that energy-intensive industries will be the first to feel the pinch.
LNG
31-05-2022

Europe’s Dash for Gas Puts Australia’s LNG Import Plans at Risk
Europe's race to replace Russian gas supply has threatened Australia's plans for five gas import terminals as they compete for key infrastructure, raising the risk of a supply shortfall in Australia's populous southeast in the next two years.
Oil Price
31-05-2022

Oil Prices Jump After EU Leaders Agree to Ban Most Russian Crude Imports
Oil prices jumped after EU leaders reached an agreement late Monday to ban 90% of Russian crude by the end of the year.
Denmark
31-05-2022

Denmark Fully Prepared to Be Cut Off From Russian Gas
Denmark has joined the list of countries refusing to pay for Russian gas using a ruble conversion scheme, prompting the country’s state-run gas company on Monday to warn that Gazprom could cut off gas exports in retaliation.
OPEC
30-05-2022

Iran’s Two-Month Petrochemical Export Revenues Surge 64% On Year
Iran’s revenues from petrochemical exports surged by 64% year on year to $2.45bn in the first two months of its fiscal year, official data showed on Sunday.
EU
30-05-2022

EU’s Borrell Hopeful of Deal on Russian Oil Ban
European Union members should be able to reach an agreement on a new sanctions package against Russia, including imposing restrictions on Russian oil imports, during talks being held by officials, the bloc's foreign policy chief said on Monday.
LNG
30-05-2022

Shell Greenlights $2.5 Bln Crux Gas Project off Australia
Shell Plc said on Monday it had given the go-ahead to develop the Crux gas field off Australia, which analysts estimated would cost around $2.5 billion.
Oil Price
30-05-2022

U.S., European Thirst for Fuel Sends Physical Oil Prices Soaring
Sky-high refining margins for diesel and gasoline in Europe and the United States, driven by a cutoff in Russian supply, has sent prices for some types of physical crude oil to all-time records according to traders.
Oil&Gas Drilling
30-05-2022

Aussie Giant Gas Probe Under Way
Australian independent Western Gas has spudded one of the nation’s most keenly anticipated offshore wildcats of 2022.
Russian Federation
29-05-2022

Russia's Gazprom Continues Shipping Gas to Europe via Ukraine
The logo of Gazprom company is seen on the facade of a business centre in Saint Petersburg, Russia March 31, 2022. REUTERS/Reuters photographer/File PhotoRussian gas producer Gazprom said on Sunday its supply of gas to Europe through Ukraine via the Sudzh
Oil&Gas Drilling
27-05-2022

Shell, BP Strike US Gulf Deal Ahead of Planned Drilling
Shell and BP have finalized an exchange of acreage in the deepwater Gulf of Mexico ahead of planned drilling in the greater Mars Basin, one of the region’s most prolific areas for oil and natural gas production.
Crude Oil
26-05-2022

US to Sell Up to 40.1M Oil Barrels From Emergency Stockpile
The Department of Energy must receive bids for this notice of sale no later than 10.00am Central Time on 1st June 2022.
Crude Oil
26-05-2022

Davos 2022: Crude at $110 per Barrel Is ‘Not Sustainable’, Indian Energy Minister Says
India is speeding up its plan to blend ethanol with petrol to help cut down crude imports in the long term
Russian Federation
26-05-2022

Russia and Iran Discuss Swapping Supplies for Oil and Gas, Goods Logistics
Russia and Iran have discussed swapping supplies for oil and gas as well as setting up a logistics hub.
Natural Gas
26-05-2022

British Regulator Poised to Approve Shell North Sea Gas Project
A British regulator is expected to approve in the coming days a revised plan by Shell to develop a North Sea gas field, which had been initially rejected on environmental grounds, three sources told Reuters.

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