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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

LNG
30-09-2021

Details of Qatar’s LNG Carrier Project Expected to Come Out in October
More details of Qatar’s LNG carrier project worth about 23 trillion won are expected to come out in October. As a result, competition to win a bigger share of the project is expected to heat up among Korean and Chinese shipbuilders.
Oil Pipeline
30-09-2021

Enbridge To Start New Line 3 Oil Pipeline On October 1st
The Line 3 Replacement program is expected to boost the pipeline takeaway capacity of Canada’s oil sands producers.
OPEC
30-09-2021

Biden Administration Begs OPEC+ Again To Bring Down Oil Prices
And the Biden Administration’s outreach regarding oil prices doesn’t stop with OPEC, Psaki said.
Natural Gas
29-09-2021

Russian Gas Supply Via Yamal-Europe Pipeline Falls by More Than Half
Russian natural gas supplies via the Yamal-Europe gas pipeline on Tuesday fell by more than half from Monday, according to the data from grid operator Gascade, while the Kremin-controlled Gazprom said the reduction was temporary.
Oil Price
29-09-2021

White House Speaking with OPEC About Oil Prices
White House speaking with OPEC about oil prices.
Oil Exploration
29-09-2021

DNO Makes Small North Sea Oil Find. Another Well Comes Up Dry
Oil and gas operator DNO has made a small oil discovery on the Gomez prospect in one of its operated licenses in the Norwegian part of the North Sea.
Oil Price
28-09-2021

Goldman Sachs Hikes Oil Price Forecast To $90
Tightening oil markets with robust demand recovery and disruptions to supply from Hurricane Ida prompted Goldman Sachs to hike its end-2021 oil price forecast to $90 a barrel Brent from $80 per barrel expected earlier.
Oil & Gas Trade
28-09-2021

Iran And Venezuela Strike Oil Swap Deal
Iran and Venezuela have struck a deal to swap heavy Venezuelan crude for Iranian condensate.
Oil Pipeline
27-09-2021

Petrobras Closes Contaminated Gasoline Pipeline
Brazil's state-controlled Petrobras temporarily closed its 266km Opasc refined products pipeline because of sulfur contamination.
Crude Oil
27-09-2021

Eni Adds New Field to Angola's Olombendo Crude Grade
Italian integrated oil firm Eni has started crude production from the Cabaca North project in Angola's deepwater block 15/06.
China
26-09-2021

PetroChina, Hengli Win four Cargoes in First China Oil Reserve Sale
The prices were lower than the spot market as Middle East crude benchmark Dubai was at $74.09 a barrel on Thursday.
Oil & Gas Trade
26-09-2021

Under U.S. Sanctions, Iran and Venezuela Strike Oil Export Deal
Venezuela has agreed to a key contract to swap its heavy oil for Iranian condensate that it can use to improve the quality of its tar-like crude, with the first cargoes due this week.
Oil Field
26-09-2021

Bohai Bay Offshore Oil Fields Mark Power Milestone
The country's first project to power the Bohai Bay offshore oil fields from shore kicked off operation on Thursday.
Oil Price
25-09-2021

Oil Price Hits Highest in Almost Three Years As Supply Tightens
Brent futures rose 84 cents, or 1.1%, to settle at $78.09 a barrel, while U.S. West Texas Intermediate crude rose 68 cents, or 0.9%, to settle at $73.98.
Oil & Gas Supply
24-09-2021

Norway's August Oil Output Beats Forecast, Gas Lags
Norway's oil production beat official expectations in August, while its natural gas output lagged, preliminary data from the Norwegian Petroleum Directorate showed on Thursday.
Oil Price
24-09-2021

Demand Recovery Leaves $100/bl Oil on Track
Global commodity trading firm Trafigura is maintaining its forecast for oil prices to potentially hit $100/bl late next year, despite the risk of short-term Covid-19 headwinds heading into the northern hemisphere winter.
Crude Oil
23-09-2021

Goldman Sachs: Here’s How Oil Prices Could Reach $90 This Winter
Brent could reach $90 per barrel if the weather in the northern hemisphere turns out to be colder than normal this winter, Goldman Sachs’ Jeff Currie said on Wednesday.
Oil & Gas Trade
23-09-2021

India's Oil Imports Rose to 4-month High in August
Indian refiners mostly buy oil about two months ahead of processing.
Oil & Gas Supply
22-09-2021

OPEC+ Boosts Compliance With Oil Production Cuts To 116%
The OPEC+ group of producers raised their compliance with the ongoing collective production cuts to 116 percent in August, up from 109 percent compliance in July.
Oil Price
22-09-2021

Oil Rebounds On Tight Global Energy Supply
Oil prices rose early on Tuesday, halting two consecutive days of losses as the global natural gas crunch has the market evaluating the potential of higher demand for other fuels in the upcoming winter season.
Crude Oil
22-09-2021

Nigeria Hopeful Opec+ will Grant Baseline Change
Nigeria remains hopeful that the Opec+ group will grant its latest request to raise the baseline from which its crude output quotas are calculated, despite previous attempts being turned down.
Oil Field
20-09-2021

Sinopec Gas Field Announces Big Production Numbers
As the world's first large gas field with buried depth of more than 7,000 meters and a high-sulfur content reef, the gas field is ultra-deep, high temperature, high pressure and boasts a high hydrogen sulfide content.
Oil & Gas Trade
19-09-2021

China's Oil Consumption Seen Peaking Around 2026, Sinopec Exec Says
Natural gas will become China's top fossil fuel resource around 2050
Oil Pipeline
19-09-2021

US, Several EU States Continue to Oppose Nord Stream 2
Lavrov explained that Germany is actively involved in the project and has confirmed its commitment to it.
Natural Gas
18-09-2021

China’s Gas Consumption Growth Potential “Stunning”
China’s natural gas consumption is growing faster than any other country in the Asia-Pacific, a Russian gas CEO said on Friday.

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