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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

United Kingdom
25-05-2022

UK Energy Price Cap Expected to Rise by 42% In October
Billpayers in the UK have seen the energy tariffs rise faster than ever before.
Natural Gas
25-05-2022

Burning Gas to Produce Electricity Is ‘Stupid,’ the CEO of Power Giant Enel Says
In Francesco Starace’s opinion, change is coming to Europe, where the EU has said it wants to be carbon neutral by 2050.
Gas Turbine
25-05-2022

GE Plans Gas Turbine Upgrade at Al Taweelah Power Plant in the UAE
UAE-based aluminium producer Emirates Global Aluminium (EGA) has signed an agreement with GE Gas Power to upgrade four existing gas turbines at EGA’s Al Taweelah power plant.
Energy Transition
25-05-2022

Qatar and Germany Sign Agreement on Energy Partnership
Qatar’s Minister of State for Energy Affairs and the German Minister for Economic Affairs and Climate Action have signed a joint declaration of intent to further promote the cooperation between the two countries in the field of energy.
Crude Oil
25-05-2022

Biden Administration Says It Has Not Ruled Out Export Curbs to Ease Fuel Prices
U.S. President Joe Biden has not ruled out using export restrictions to ease soaring domestic fuel prices, U.S. Energy Secretary Jennifer Granholm said on Tuesday.
Natural Gas
25-05-2022

Spain Paints Itself as the Answer to Europe’s Russian Energy Problem
Spanish Prime Minister Pedro Sanchez has said his country — and southern Europe more broadly — could provide an answer to the shortfall in gas supplies from Russia.
Natural Gas
24-05-2022

Could Hydrogen Ease Germany’s Reliance on Russian Gas?
The war in Ukraine has upended Germany's energy policy. The nation currently buys around 25% of its oil and 40% of its gas from Russia, contributing billions of euros a year to Moscow's finances.
Russian Federation
24-05-2022

Gazprom Says Gas Transit via Ukraine Continues, up From Monday
Russian gas producer Gazprom (GAZP.MM) said it continues to supply gas to Europe through Ukraine via the Sudzha entry point.
LNG
24-05-2022

EU Plans First Joint Gas Buying Before Winter
The European Union plans to start jointly buying gas before winter, the bloc's energy policy chief said on Monday, as it seeks to cut reliance on Russian fossil fuels and build a buffer against further energy supply shocks.
Natural Gas
24-05-2022

BMW Exploring Energy Investments to Reduce Dependence on Natural Gas
BMW is exploring new investments in solar, geothermal and hydrogen energy to lower its dependence on natural gas warning an embargo on Russian gas would bring the industry to a standstill.
LNG
23-05-2022

EMA Wants 2 More Term LNG Importers
The Energy Market Authority (EMA) has issued a request for proposal as it seeks to appoint two more term Liquefied Natural Gas (LNG) importers for Singapore.
LNG
23-05-2022

Norway’s Hammerfest LNG Plant Extends Outage Until May 27
Norway's Hammerfest LNG plant is now expected to restart on May 27, four days later than the previous plan and further delaying operations since a fire in 2020, Norwegian gas system manager Gassco said on Sunday.
Natural Gas
23-05-2022

Iran Seeks to Revive Gas Project With Oman Ahead of Raisi Visit
Iranian Oil Minister Javad Owji met Oman’s foreign and energy ministers in Muscat and discussed reviving a project to develop a shared gas field that’s been stalled for almost 20 years.
LNG
23-05-2022

Natural Gas Prices Under Pressure From Soaring U.S. Demand
U.S. natural-gas prices have hit their highest level in 14 years as North American producers scramble to replenish supplies with demand soaring and storage levels declining.
OPEC
23-05-2022

Five Major Challenges Facing the Energy Industry
Record-high prices at the pump, a looming diesel shortage right when the summer season is starting, and an uncooperative OPEC are probably reasons for many headaches among government officials around the world.
Natural Gas
20-05-2022

‘Finland Could Be Cut off Gas by Russia This Week’
Finland’s state-owned energy provider has warned that there is “a real risk” of natural gas supply.
Natural Gas
19-05-2022

Netherlands to Ban Fossil Fuel Boilers From 2026
Dutch homes will have to install sustainable heating systems, such as a hybrid heat pumps, instead.
Oil Price
19-05-2022

Saudi Arabia’s Oil Revenue Expected to Rise 66% To $249BN
Jadwa Investment estimates Riyadh's expenditure to increase by 5% this year.
LNG
18-05-2022

GE Secures Order for 1.6GW Combined Cycle Plant in Vietnam
GE has secured an order to provide power generation equipment for energy company PetroVietnam Power Corporation’s (PV Power) Nhon Trach 3 and 4 combined cycle power plant.
Natural Gas
16-05-2022

Surging Natural Gas Prices Squeeze U.S. Industrial Sector
Skyrocketing natural gas prices have raised manufacturing and transportation costs across many U.S. industries, and the situation should persist as the United States exports more gas to Europe to make up for Russian supplies lost to sanctions.
Natural Gas
16-05-2022

Natural Gas Has Potential to Expand Significantly over the Coming Decades in G20 and Propel South East Asia’s Growth Trajectory
The upcoming G20 Energy Ministerial under the Presidency of Indonesia signals an opportunity to emphasise the soaring role of natural gas in satisfying growing energy needs of G20 and recognise importance of natural gas for the World.
Oil Price
16-05-2022

Oil Prices Drop on Profit-Taking, Supply Fears Linger
Oil prices slipped on Monday, giving up earlier gains as investors took profits after a surge in the previous session, but global supply fears loomed with the European Union preparing to phase in a ban on imports from Russia.
Natural Gas
16-05-2022

Spain and Portugal Target Price Cap for Natural Gas to Combat Skyrocketing Inflation
Spiralling inflation has triggered a fresh round of state intervention in Europe, with both Spain and Portugal stepping into their domestic energy markets to cut prices for consumers.
Russian Federation
16-05-2022

Gazprom Books Gas More Transit Capacity for Monday, Ukrainian Operator Says
Russian state gas company Gazprom booked transit capacity of 65.20 million cubic metres for May 16 via the Sudzha entry point.
Oil Price
16-05-2022

Oil Giant Aramco Reports Record First Quarter as Oil Prices Soar
Oil giant Aramco reported a more-than 80% jump in net profit Sunday, topping analyst expectations and setting a new quarterly earnings record since its IPO.

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