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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

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.
Oil Field
11-05-2021

Fire Erupts at Kuwait's Largest Oil Field; Two Injured
The injured workers were in stable condition and receiving treatment at a nearby hospital.
Oil & Gas Trade
10-05-2021

Yemen Takes First Batch of Saudi Oil Products at Aden
The first shipment of Saudi oil products exported to Yemen as part of a grant agreed with the internationally recognized government there arrived at the Yemeni port of Aden yesterday, which the war-torn state will use as feedstock for power generation.
Natural Gas
10-05-2021

Sinopec finds abundant flows in Xinjiang oil, gas wells
Recently, China Petrochemical Corp, or Sinopec Group, has discovered abundant flows of natural gas and crude oil at the Shunbei-42X well and the Shunbei-41X well in the petroliferous Tarim Basin in the Xinjiang Uygur autonomous region.With an average dept
Natural Gas
10-05-2021

China’s Natural Gas Imports Surge As Economy Recovers
Natural gas imports into China rose 22.4 percent on the year in the first four months of this year to 39.45 million metric tons.
LNG
08-05-2021

GECF Expert Commentary - New Trends on the Global Market of LNG Carriers
The Covid-19 pandemic has brought new challenges for the global gas industry, with the LNG shipping market not being an exception.
Australia
08-05-2021

Australia to See 118 Oil and Gas Project Starts by 2025
Australia is expected to witness the start of 118 oil and gas projects’ operations from 2021 to 2025, according to data and analytics company GlobalData.
CNOOC
08-05-2021

CNOOC Flows First Gas from Liuhua 29-2 field
Chinese oil and gas giant CNOOC Limited has produced first gas from the Liuhua 29-2 gas field located in the South China Sea.
Crude Oil
07-05-2021

Oil Moves Higher On Largest Crude Draw Since January
Oil prices moved higher after the Energy Information Administration reported a crude oil inventory draw of 8 million barrels for the week to April 30.
Crude Oil
07-05-2021

U.S. Energy Production Saw Steepest Drop On Record In 2020
Due to economic responses to the pandemic, U.S. energy production dropped by 5 percent last year, marking the steepest annual decline on record.
Crude Oil
07-05-2021

Energy Group Total Starts Production at Angolan Oil Project
French energy group Total has started production at its Angolan Zinia Phase 2 project, which has estimated resources of 65 million barrels of oil, it said on Thursday.
Crude Oil
06-05-2021

BHP Produces First Oil from Ruby Project
Oil and gas company BHP has produced first oil production from the Ruby project, which is located offshore Trinidad and Tobago.
Natural Gas
06-05-2021

China Gas Use to Rise 10pc in 2021: Sinopec, PetroChina
China's state-controlled energy firms are expecting domestic gas demand growth to accelerate this year, as the economy recovers and consumption of the fuel is boosted by the country's transition to lower-carbon energy sources.
Oil & Gas Trade
06-05-2021

Italy’s April Gas Imports Hit Long-Term High
Italy's gas imports in April were the quickest for any month in almost nine years, because of strong heating demand and the need to start injecting under the country's regulated storage system.
Oil & Gas Trade
30-04-2021

Iraq May Import Egyptian Gas Through Syria
Syria is connected to Egypt through the Arab Gas pipeline, which stretches across 1,200km
Crude Oil
30-04-2021

Titan LNG’s Second FlexFueler Springs into Action
Titan LNG, a Dutch independent LNG supplier, has completed a bunkering operation with its recently commissioned FlexFueler 002.
Oil Price
29-04-2021

Goldman: Oil To Hit $80 On Largest Ever Demand Jump
Goldman Sachs expects global oil demand to realize the biggest jump ever over the next six months, the investment bank said on Wednesday, keeping its bullish forecasts for oil prices this summer.
Oil Refinery
29-04-2021

Egypt to Build $7.5bn Petrochemical Complex in Ain Sokhna
Deal aims to meet local production needs and help the country become a regional energy hub
Electrification
29-04-2021

Equinor Expands Electrification to Curb Oil and Gas Emissions
Successful commencement of Equinor’s total project pipeline could see the company electrifying over 35% of its total oil and gas production base by 2025 through power from shore, according to analytics company GlobalData.
Energy Security
28-04-2021

Oil Tanker Leaks Crude After Collision Near China’s Qingdao Port
A 900-foot crude tanker leaked oil into the ocean just outside China’s biggest refining center, raising the specter of environmental damage and disruption of shipments.
Oil Refinery
28-04-2021

Korean Oil Refineries Offset Weak Oil Demand with Market Diversification
South Korea’s major oil refiners are going all-out to recoup losses from a Covid-19 pandemic-driven slump with market and product diversification.
Market Analysis
28-04-2021

These Two Meetings Will Affect Oil And Gold Prices In May
Traders are closely watching two important events this week that are likely to set the tone for oil and gold prices next month.

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