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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 & Gas Trade
21-09-2020
China’s Crude Oil Imports are Slowing Down
China’s imports of crude oil have been trending much lower in September than in the past four months, while the rest of Asia is also significantly slowing imports this month with demand still under pressure.
Oil Price
20-09-2020
Global Effort Begins Again to Stabilise Oil Prices, OPEC+ Meet May be Called in Oct
A bigger global effort to stabilise oil prices involving all major oil producers including Russia is again on the cards to see that the current crisis does not escalate further putting several oil producers closer to bankruptcies.
Oil Price
20-09-2020
Diesel Prices Fall Again on the Back of Easing Global Crude Oil Prices
Diesel prices continued to decline for the fourth consecutive day on Sunday on the back of falling global crude prices. In the national capital, diesel was priced at Rs 71.58 per litre, down from Rs 71.82 on Saturday.
Oil Price
18-09-2020
International Oil Prices Rose Significantly on the 17th
It closed at 43.3 US dollars per barrel, an increase of 2.56%.
Market Analysis
18-09-2020
Russian Energy Minister: Global Oil Demand is Expected to Fully Recover in the Second Quarter of 2021
Russian Energy Minister Alexander Novak participated in the OPEC+ JMMC online meeting and said that global oil demand is expected to fully recover by the second quarter of 2021.
Crude Oil
18-09-2020
U.S Keeps Top Crude Oil Producer Status
Despite oil production curtailments earlier this year that are not fully back online, the United States maintained its global status as the leading supplier of crude oil in July.
Oil&Gas Drilling
18-09-2020
Equinor Picks up Drilling Permit for North Sea Wildcat
The Norwegian Petroleum Directorate has issued a drilling permit to Equinor for a wildcat well located in the North Sea offshore Norway.
Oil Price
18-09-2020
OPEC+ Panel to Meet Amid Oil Price Decline
OPEC and allies, led by Russia, are scheduled to hold an online meet on Thursday to discuss compliance with their agreed output cuts and demand trends amid falling oil prices and a faltering economic recovery outlook.
LNG
18-09-2020
China's Sinopec Buys About 10 LNG Cargoes for Winter Delivery
China's Sinopec has purchased about 10 liquefied natural gas cargoes for delivery between November and March next year.
Oil and Gas Equipment
17-09-2020
China's First Floating LNG Storage And Regasification Plant Project Completed
This is the first time for a Chinese shipbuilding company to enter the field of global high-difficulty large-scale LNG offshore equipment modification.
Crude Oil
17-09-2020
Venezuela Prepares To Boost Oil Production With Iranian Help
Venezuela is preparing to ramp up its crude oil production using diluents imported from Iran, citing unnamed sources and company documents.
Crude Oil
17-09-2020
World’s No.1 Oil Trader Sees Crude Inventories Shrinking This Year
Vitol Group, the world’s largest independent oil trader, expects global oil inventories to continue drawing down for the rest of the year, unlike its rivals and many analysts who see a growing glut on the market.
Oil&Gas Drilling
17-09-2020
Eni Hits New Gas Discovery Offshore Egypt
Eni has made a new gas discovery in the Great Nooros Area, located in the Abu Madi West Development Lease, in the conventional waters of the Nile Delta, offshore Egypt.
LNG
17-09-2020
Hyundai Samho Delivers World's First LNG-Powered Very Large Container Ship
It had delivered the world's first very large container ship powered by liquefied natural gas to Singapore's Eastern Pacific Shipping Pte Ltd.
LNG
17-09-2020
Germany Offered to Build LNG Terminals to Avert US Pipeline Sanctions
Berlin offered to spend 1 billion euros to build two liquid natural gas terminals in a bid to dissuade the United States from imposing sanctions over the Nord Stream 2 pipeline.
Crude Oil
16-09-2020
EIA: OPEC+ Crude Oil Production Increased in August
Both OPEC and non-OPEC partner countries increased their crude oil production in August.
Crude Oil
16-09-2020
China’s August Crude Runs Hold at 14mn b/d
China's crude throughputs held largely steady near record highs in August, keeping pressure on refiners to manage high product inventories.
Oil & Gas Trade
16-09-2020
Bangladesh: Meghna Petroleum Signs Agreements For LPG Expansion
Meghna Petroleum, the state-run energy company, as part of its business expansion by selling LPG, has signed agreements with four non-listed companies–Beximco LPG Unit-1, Bashundhara LP Gas, Omera Gas One and Unitex LP Gas.
LNG
16-09-2020
SCF Takes Delivery of Shell-Chartered LNG Newbuild
Russian shipping major Sovcomflot has taken delivery of a newly built LNG carrier from the South Korean Hyundai Samho Heavy Industries shipyard.
Oil Field
15-09-2020
China's First Large-Scale Heavy Oil Thermal Recovery Development Platform Started Operation
This move fills the technical gap of large-scale thermal recovery of heavy oil in China's offshore fields.
Oil Price
15-09-2020
OPEC Cuts Oil Demand Forecast For 2020, Again
OPEC revised down by another 400,000 bpd its forecast for global oil demand this year, expecting consumption to shrink by 9.5 million bpd over 2019.
Oil Price
15-09-2020
Oil Prices Fall As Libya Reopens Ports
Libyan strongman General Khalifa Haftar has pledged to reopen the country’s oil ports this weekend, the U.S. embassy in the North African country said in a statement on Saturday.
Oil&Gas Drilling
15-09-2020
Apache Kicks Off Drilling Operations on Fresh Well Off Suriname
Apache Corporation has gathered further reservoir and technical data from its Kwaskwasi-1 discovery well located in Block 58 offshore Suriname and started drilling at another location within the block.
Iran
14-09-2020
Iran Launches Phase 1 of Qeshm Oil Export Terminal
Iranian president Hassan Rohani has inaugurated the first phase of a new oil export terminal on Iran's Qeshm island, at the mouth of the Gulf of Oman.
Oil Price
14-09-2020
Oil Edges Higher Ahead of Opec+ Meeting with Demand in Focus
Oil edged higher toward US$38 a barrel in New York ahead of an OPEC+ meeting this week that will assess the group’s production cuts as the recovery from virus-driven demand destruction falters.
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