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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
Oil Price
14-03-2022
Oil Expected to Stay Above $100 Amid Russia-Ukraine Crisis and Demand Push
The upside will remain limited above the $130 per barrel mark, while the $100 per barrel will be an important support to watch.
Oil&Gas Drilling
14-03-2022
Shale Drilling Climbs Most in Month as Biden Calls for More Oil
Shale explorers returned to growth mode this week, adding the most rigs in a month as the Biden administration calls on them to unleash more crude to offset a ban on Russian oil.
Crude Oil
14-03-2022
Crude Prices Fall as Optimism Grows on Russia-Ukraine Peace Talk
Crude oil futures were lower in Asian trading March 14 as Russia-Ukraine peace talks continue even as attacks increase in western Ukraine near Poland.
Oil Price
14-03-2022
Oil Declines as Iran, Russia and Fed Jostle for Limelight
Oil resumed its decline after Iran carried out a missile strike in Iraq following the suspension of nuclear talks, while Russia’s bombardment of Ukraine prompted more calls to sideline the OPEC+ producer.
Oil Pipeline
14-03-2022
Marathon Petroleum Shuts Oil Pipeline After Leak in Illinois
Marathon Pipe Line Inc. has shut down a pipeline in Illinois that leaked crude oil into a local canal, the company said on Last Saturday.
Crude Oil
14-03-2022
Can OPEC Help Manage the Ongoing Crude Price Rally with Its Spare Capacity?
The group needs to reassure consumers as to how much spare capacity it holds and that it is ready to use it in an emergency.
Oil & Gas Trade
14-03-2022
Iran Says US Has Failed to Stop Oil Exports
Iran said on Last Saturday that US attempts to seize its tankers and oil cargo had failed to stop exports that are subject to sanctions imposed by its arch foe.
LNG
14-03-2022
Europe’s Plan to Quit Using Russian Fuel Starts a Global Fight for Gas
The liquefied natural gas market is primed for a global battle for supply with far-reaching repercussions as the threat of Russia cutting off Europe sends the continent scrambling for alternatives.
Natural Gas
14-03-2022
U.S. Gasoline Prices Edge Lower After Hitting Record High Last Week
U.S. gasoline prices at the pump edged lower over the weekend after reaching all-time highs last week following Russia's invasion of Ukraine.
Oil Price
14-03-2022
Could Oil Prices Really Hit $200?
Commodity prices, including oil and natural gas, are all over the place.
Oil & Gas Supply
14-03-2022
India, Russia Discuss Ongoing & Potential Joint Energy Projects
India and Russia on last Friday held detailed dialogue on current and potential joint projects in the fuel and energy industry and probable mechanisms for transactions amid sweeping sanctions on Russia.
Crude Oil
14-03-2022
Reluctance to Buy Russian Crude Could Cause Long-Term Output Problems
Standard Chartered: continuing consumer reluctance to buy from Russia and shortages of capital, equipment, and technology will impact Russian oil output.
EU
14-03-2022
The EU Wants to Give up Russian Gas
The EU's demand for Russian gas could decrease by as much as two-thirds by the end of 2022.
Natural Gas
14-03-2022
Why LNG Won’t Fully Replace Russian Gas in Europe
Europe faces a number of challenges in importing more U.S. LNG.
Germany
14-03-2022
German Finance Minister Plans Gasoline Discount
German Finance Minister Christian Lindner plans to introduce a discount on gasoline to help motorists cope with soaring prices, Bild daily reported on Sunday.
Oil Price
14-03-2022
Oil Prices Fall, Continuing Downward Trend From Last Week
Oil prices fell on Sunday at the start of the session, extending last week’s decline, as a U.S. official said Russia was showing signs it might be willing to have substantive negotiations over Ukraine.
Crude Oil
12-03-2022
Countries and Companies Shun Russian Crude over Ukraine Invasion
Russian gas flows to Europe remain stable, but Moscow is starting to face problems in selling its crude oil and oil products as Western sanctions over Russia's invasion of Ukraine and voluntary actions by buyers starting to bite.
LNG
11-03-2022
EIA: US Weekly LNG Exports Down by One
The U.S. Energy Information Administration (EIA) reports that LNG exports are down by one LNG carrier this week from last week.
LNG
11-03-2022
Worley to Pull out of Russia over Ukraine Invasion
Australia-based engineering firm Worley has decided to suspend its operations in Russia in response to invasion of Ukraine.
Oil Price
11-03-2022
Oil Price Shock Jolts Global Recovery as Economic Impact of Russia’s Invasion Spreads
The highest oil prices since the 2008 financial crisis are dealing a heavy blow to the global economy, slowing Europe’s pandemic recovery to a near stall and complicating the fight against inflation in the United States.
Crude Oil
11-03-2022
What the Bans on Russian Fossil Fuels Actually Mean
Prices are up—but so is the pressure to switch to electric everything.
Saudi Arabia
11-03-2022
Riyadh Oil Refinery Attacked by Drone, Supplies Unaffected
A refinery in Saudi Arabia's capital, Riyadh, was attacked by a drone on Thursday morning but petroleum supplies were not affected.
Oil&Gas Drilling
11-03-2022
Ukraine-Russia Conflict Could Impact Vietnam Oil Drilling
PetroVietnam has cautioned that the disruptions to international trade caused by Russia’s invasion of Ukraine could impact its operations.
Crude Oil
11-03-2022
Eni Suspends Russia Oil Purchase over Ukraine Invasion
Eni, which has already suspended its JVs with Russia’s Rosneft, has take-or-pay gas contracts with Russian energy firm Gazprom.
Oil & Gas Supply
11-03-2022
Iraq's Oil Supply Compatible with Global Demand
Iraq said on Wednesday that its crude oil exports are in line with the consumption in the world oil market, ruling out the need to increase oil production.
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