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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

Oil Shale
19-05-2021

U.S. Shale Oil Output to Climb for First Time in 3 Months in June - EIA
U.S. oil output from seven major shale formations is expected to climb by 26,000 barrels per day in June to 7.73 million bpd, the first rise in three months, the U.S. Energy Information Administration said in a monthly forecast on Monday.
Oil & Gas Trade
19-05-2021

Woodside Joins Chevron in Canada's Kitimat LNG Exit
Chevron, the operator and 50pc owner of Kitimat, put its stake up for sale in December 2019.
LNG
19-05-2021

GNL Mejillones in Talks to Supply LNG to Peru
Chile's Mejillones LNG terminal is in "very preliminary talks" with Peruvian gas distributors for emergency supply during an unplanned outage at the Peru LNG liquefaction complex.
Crude Oil
19-05-2021

Crude Prices Cross $70 per barrel as Western Economies Open
Portugal eased its border restrictions and opened for tourists from the UK and the EU earlier this week
OPEC
18-05-2021

OPEC’s Oil Exports Are Surging By 1 Million Bpd In May
OPEC’s oil exports have jumped by 1 million barrels per day so far in May, while the OPEC+ group started easing the production cuts by 350,000 bpd this month, tanker tracker Petro-Logistics said on Monday.
Energy Security
18-05-2021

Southeast US Fuel Stocks Rise After Pipeline Restart
Retail fuel supplies in the southeastern US are slowly returning to normal levels after panic buying drained storage following the cyberattack-induced shutdown of the Colonial Pipeline earlier this month.
Oil Field
18-05-2021

Chevron Shuts in Tamar Gas Field Amid Unrest in Israel
Oil and gas giant Chevron has shut down production at its operated Tamar field located offshore Israel amid escalating violence and tensions in the region.
LNG
18-05-2021

Samsung Heavy Industries Completes LNG Pilot Test Facility
Samsung Heavy Industries has started to pursue a "super-gap strategy" in LNG technology by completing an integrated LNG pilot test facility.
Oil and Gas Equipment
17-05-2021

Breakthrough in China's Offshore Oil and Gas Core Equipment
The sea trial of the first independently developed underwater Christmas tree system was successful.
Crude Oil
17-05-2021

China April Crude Oil Output Up 3.4 pct on yr
China's April domestic crude oil production rose 3.4 percent on year to 16.41 million tonnes.
Crude Oil
17-05-2021

Russia Is Making A Mad Dash To Outrun Peak Oil Demand
Several of the world’s largest oil-producing nations have recently made public plans to boost their production capacity.
Oil Field
17-05-2021

Iran to Award $1.8 Billion Gas Field Contract to Local Company
Iran’s Petropars Ltd. will be awarded a $1.78 billion contract by the National Iranian Oil Co. to develop the giant Farzad-B gas field that was previously intended to be tapped by a group of Indian companies.
Natural Gas
14-05-2021

The Future of Natural Gas in ASEAN’s Power Sector
The development of electricity markets in the Association of Southeast Asia Nations is in a dynamic stage, both for demand and supply.
Oil Price
14-05-2021

Gasoline Prices hit $3 As Shortages Grow on U.S. Pipeline Outage
U.S. average gasoline prices exceeded $3 a gallon for the first time in more than six years amid growing shortages of fuel across the South and East while Colonial Pipeline remains out of action due to a cyberattack.
Oil Price
14-05-2021

Oil Prices Set For Biggest Daily Drop Since Early April
Oil prices dropped by almost 3 percent on Thursday morning and were set for the biggest percentage drop since early April, after the restart of Colonial Pipeline eased some of the concerns about gasoline shortages in the U.S. East.
Natural Gas
14-05-2021

Brightmark Begins Construction of Arizona RNG Project
Brightmark, a global waste solutions provider, has broken ground on the Caballero Renewable Natural Gas project, which includes the construction of new anaerobic digesters at Caballero Dairy Farms, an 8800 animal farm in Eloy, Arizona, US.
Oil Pipeline
13-05-2021

Largest US Pipeline Restarts Operations After Hack Shut It Down for Nearly a Week
Announcement comes amid fuel shortages in south-east, with panicked drivers filling up their tanks
Oil Price
13-05-2021

Record-High Fuel Prices Add To Concerns About India’s Oil Demand
Gasoline and diesel prices in India hit a new record-high on Wednesday, adding another concern for the oil market about demand in the world’s third-largest oil importer.
LNG
13-05-2021

Qatar Could Offer Chinese Firms Stakes In World’s Largest LNG Project
Qatar is in discussions with Chinese state energy giants to potentially make them equity partners in the world’s largest LNG project, in what could be a strategic choice to add huge potential LNG customers to its partners alongside
Oil Price
13-05-2021

Oil Climbs on Drop in US Oil Stockpiles, Solid Demand Outlook
The drawdown came before the Colonial Pipeline was hit by a cyberattack last Friday which forced the pipeline, which transports more than 2.5 million barrels a day of fuel, to shut down.
Crude Oil
13-05-2021

IEA Sees Oil Demand Recovery Outpacing Growth in Supply
OPEC+ producers have been curbing output since 2017 but have eased since imposing record high cuts last year, with more easing agreed from this month
Crude Oil
13-05-2021

Sinopec Offers Refineries Sweeteners to Boost Clean Marine Fuel
The top Asian oil refiner is crediting its refineries 150 yuan for every tonne of VLSFO they produce, they said
United States
12-05-2021

Colonial Pipeline Hack Exposes Lack of Federal Cybersecurity Oversight for U.S. Energy Industry
The temporary shutdown of Colonial's pipeline follows warnings by U.S. officials in recent months of the danger of cyberattacks against privately held infrastructure.
Crude Oil
11-05-2021

U.S. Main Fuel Pipeline Operator Aims to Restore Operation This Week After Cyber Attack
The operator of a main U.S. fuel pipeline declared on Monday its goal of restoring operational service by the end of the week after all pipeline operations temporarily halted due to a cybersecurity attack.
Oil Field
11-05-2021

Keppel Snatches Contract to Build FPSO for World’s Largest Deepwater Oil Field
Brazilian oil and gas giant Petrobras has signed a $2.3 billion worth contract with Keppel Shipyard to build the P-78 FPSO, the seventh unit to be installed in the Búzios field, in the Santos Basin pre-salt area.

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