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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
Crude Oil
28-07-2021
Venezuela Plans To Revive Its Oil Industry Despite U.S. Sanctions
Venezuela is ignoring U.S. sanctions with its plan to boost production to 1.5 million bpd by the end of the year, around three times the current output.
Oil & Gas Trade
28-07-2021
UK Gas Exports to EU to Stay Low
UK gas flows to the EU could stay minimal in August-September, as almost all surplus gas could be added to mid-range storage.
Oil Field
27-07-2021
Shell Greenlights Gulf of Mexico 'Whale' Oilfield Project
Royal Dutch Shell announced plans on Monday to develop a new oilfield in the Gulf of Mexico, its first major project to get the go-ahead since a Dutch court ordered the energy company to accelerate its carbon emissions reduction targets.
Crude Oil
27-07-2021
China To Build Airport, Houses Under Oil-For-Projects Deal In Iraq
Chinese firms are set to build an airport and 90,000 houses in Iraq as part of a 2019 agreement for crude supply in exchange for projects, an Iraqi official was quoted as saying.
LNG
27-07-2021
China's Guangdong Starts Building $1 bln Huizhou Gas Terminal
ExxonMobil entered in September 2018 a preliminary deal with Guangdong province to invest billions of dollars worth of projects in the manufacturing hub, including a petrochemical complex and an LNG terminal in Huizhou.
Crude Oil
26-07-2021
Pakistan: Crude Oil Imports Surge 317pc in May
Imports of crude oil increased by a whopping 317 per cent in May which translated into higher than expected production of petroleum products by local refineries and its exports from the country.
Cyprus
26-07-2021
Cyprus, Lebanon Sign MoU on Oil, Gas Cooperation
Cyprus and Lebanon signed a memorandum of understanding here on Friday on cooperation in the energy sector.
OPEC
26-07-2021
Till World Shifts to Green Energy, Split Between Saudi and UAE Won't End
It is not geopolitical relationship that will cause the two countries to part, but diverging perceptions of energy transition.
Crude Oil
26-07-2021
VLCC Owners Stand to Gain from OPEC’s Decision to Raise Crude Oil Production
Owners of the largest crude oil tankers stand to gain from the recent OPEC’s decision to increase production.
Oil & Gas Trade
26-07-2021
Israel Freezes UAE Oil Deal Over Environmental Concerns
The environmental protection ministry says the risk assessment ‘did not meet the conditions’ stipulated by the ministry.
Oil & Gas Trade
26-07-2021
Iraq to Sell Lebanon 1 mil mt/year of Heavy Fuel Oil in Barter Deal
Iraq has agreed to sell Lebanon 1 million mt/year of heavy fuel oil in return for "goods and services" in a barter deal that should help OPEC's second-biggest producer reduce a surplus of fuel oil while enabling cash-strapped Lebanon to obtain the commodi
Oil Field
26-07-2021
Iraq Approves Four Planned TotalEnergies Projects
Iraq's government has signed off on four major energy projects planned by TotalEnergies, cabinet spokesman
LNG Carrier
26-07-2021
KSOE Receives Orders for Seven LNG Carriers
South Korean shipbuilder Korean Shipbuilding and Offshore Engineering has secured building orders for seven new LNG carriers.
Natural Gas
25-07-2021
Shell Cheers First Gas from Trinidad and Tobago Gas project
Oil major Shell has started production from Block 5C in the East Coast Marine Area, also known as project Barracuda, located in Trinidad and Tobago, marking a milestone in the delivery of gas
Oil Field
25-07-2021
CNOOC Brings Online Another Oilfield off China
Chinese oil and gas giant CNOOC Limited has started production from its Luda 29-1 oilfield, which is located offshore China.
Crude Oil
25-07-2021
Iran Opens New Oil Terminal in Bid to Bypass Crucial Strait of Hormuz for Exports
Iran on Thursday opened its first oil terminal in the Gulf of Oman, a move aimed at making Iranian President Hassan Rouhani’s regime less dependent on the Strait of Hormuz, often a source of international tension.
Oil & Gas Trade
24-07-2021
Italian LNG Imports Fall on Quick Algerian Piped Supply
Italy's LNG receipts have fallen sharply since the start of the 2020-21 gas year, displaced by brisk Algerian pipeline take.
Vietnam
24-07-2021
Renewed Lockdown to Limit Vietnam's Gasoline Demand
Net importer Vietnam's gasoline demand is expected to take another hit as part of the country returns to a lockdown with rising Covid-19 cases.
Crude Oil
23-07-2021
China Taps Into Crude Reserves To Curb Oil Price Rally
The world’s top oil importer, China, has started to release more than 20 million barrels of crude oil from its strategic reserve in a move seen as seeking to curb the recent oil price rally.
LNG
23-07-2021
Shell Delivers First Gas from Barracuda Project
Shell Trinidad and Tobago announced that production has started on Block 5C in the East Coast Marine Area in Trinidad and Tobago.
Oil Pipeline
22-07-2021
U.S., Germany Strike a Deal to Allow Completion of Controversial Russian Nord Stream 2 pipeline
The United States and Germany reached an agreement to allow completion of the $11 billion Nord Stream 2 pipeline, a thorny, long-standing point of contention between the otherwise stalwart allies.
Crude Oil
22-07-2021
Goldman Cuts Q3 Brent Forecast to $75 a Barrel
Oil prices fell $5 a barrel on Monday in response to fears over the hit to demand from rising Delta coronavirus infections and an OPEC+ agreement to boost output.
Crude Oil
21-07-2021
Oil Prices Inch Even Lower Following Devastating 7% Single-Day Loss
After plunging nearly 7% on Monday, oil prices saw a leveling off and even a smidgeon of a rebound on Tuesday in what many hope will be a new state of calm in the market.
Crude Oil
21-07-2021
U.S. Crude Oil Exports Reached Record Levels in 2020, Remain High in 2021
Despite volatility in global oil markets, U.S. crude oil exports reached a record high in 2020.
LNG
21-07-2021
Japan’s Toho Gas Starts Carbon-Neutral City Gas Supply
Japanese gas distributor Toho Gas plans to start carbon-neutral city gas supplies as a part of its effort to achieve decarbonisation by 2050.
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