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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
15-07-2020
Venezuela Restarts Gasoline Output At Only Operating Refinery
Venezuela's state oil firm PDVSA has resumed gasoline production at the only operating refinery in the country home to the world's largest oil reserves that is experiencing severe gasoline shortages.
Crude Oil
15-07-2020
The Middle East Nation Reopening its Doors to Iraqi Oil
It will also serve to consolidate the Shia crescent of power falling across the region by dint of Iran, and its prime backers, China and Russia.
Oil&Gas Drilling
15-07-2020
Oil And Gas Drilling Set For A Multi-Decade Low In 2020
The number of drilled wells globally is expected to reach around 55,350 this year, the lowest since at least the beginning of the century.
Crude Oil
15-07-2020
Oil Rises Slightly Ahead of OPEC+ Meeting
Oil prices rose slightly on Tuesday as OPEC and its allies cut production by more than agreed to in June.
Oil & Gas Trade
14-07-2020
U.S. Ups Pressure to Push Venezuela Oil Exports to Zero
“What you will see is most shipowners and insurance and captains are simply going to turn away from Venezuela,”
Crude Oil
14-07-2020
Iran Expands Oil Production Capacity
Iran is taking a step that would seem counterintuitive in an environment of subdued demand for oil and oil products.
Oil Price
14-07-2020
Oil Down as Opec+ Prepares to Lower Output Quotas
Oil edged lower ahead of an OPEC+ meeting this week at which the group may announce plans to start tapering historic production cuts even as the coronavirus surges unabated in many parts of the world.
China Energy
14-07-2020
China Sinochem's Quanzhou Petchem Project Start Delayed to Late-August
China Sinochem Group's Quanzhou 32.5 billion yuan ($4.64 billion) petrochemical expansion project is aiming to start trial operations in late August.
LNG
13-07-2020
Cyprus Starts Work on First LNG Import Terminal
Cyprus has started building its first LNG import facility at Vassilikos, the nation’s largest and most expensive energy project.
LNG
13-07-2020
GasNet Opens First Mobile LNG Station in Czech Republic
GasNet, a Czech natural gas distributor, has put into operation the first public mobile self-serve unit for liquefied natural gas on the Czech market.
LNG
13-07-2020
Russia’s Blue Stream Gas Pipeline to Turkey Idle Since May
The Blue Stream pipeline delivering Russian gas to Turkey, due to be re-launched after maintenance in May, remains idle.
Oil & Gas Trade
13-07-2020
Libya's NOC Blames UAE for Halt to Oil Output, Exports
Libya, with largest oil reserves in Africa, can produce 1.2 million barrels of crude oil per day.
Crude Oil
13-07-2020
OPEC and Russia May Ease Oil Production Cuts
Saudi Arabia, the world’s largest oil exporter, and other major oil-producing countries are likely to increase their output in August.
Oil & Gas Trade
10-07-2020
China Awards More Non-State Crude Import Quotas
China has issued a third batch of non-state crude import quotas for 2020, sending the amount awarded so far this year more than 10pc above the total for 2019.
Oil Pipeline
10-07-2020
Brazil Resumes Open Season for Gas Pipeline
Brazil's hydrocarbons regulator will resume an open season for access to the Bolivia-Brazil natural gas pipeline.
Oil & Gas Trade
10-07-2020
BP-Sinopec Bunker Venture to Start Fuel Oil Deliveries to Fujairah
The BP and Sinopec marine fuel bunkering joint venture will start deliveries of high sulfur and low sulfur fuel oils to Fujairah next month.
Market Analysis
10-07-2020
Will Trump's New Investment Proposal Help The Oil & Gas Industry?
The U.S. Department of Labor – which has recently proposed a rule that would limit retirement funds' investments based on environmental, social, and governance criteria.
Oil & Gas Trade
10-07-2020
North American Oil And Gas Companies Continue to Go Bankrupt at $40 Oil
The rash of oil and gas bankruptcies in North America is set to continue for the remainder of 2020.
09-07-2020
Chevron Partners with Clean Energy On Adopt-A-Port Initiative to Supply Renewable Natural Gas for Port Trucks
Chevron is working with Clean-Energy Fuels, a California-based natural gas retailer, on the Truck-A-Port project.
Oil & Gas Trade
09-07-2020
US Refiners Ramp Up Crude Imports from Mexico to 8-Year High
US crude oil imports from Mexico surged to the highest level in more than eight years last week as swelling inventories and a fire at the Latin American country's largest refinery in late June led it to offload more barrels.
Crude Oil
09-07-2020
US Crude Stocks Build on Higher Imports, Distillates Inventories Hit 37-yr High: EIA
US crude oil stockpiles grew last week and inventories on the Gulf Coast hit a record high as imports from Mexico rose to an eight-year high.
Oil & Gas Trade
09-07-2020
Berkshire Hathaway Strikes $10bn Deal with Dominion Energy for Natural Gas Assets
It announced the cancellation of a multi-billion-dollar natural gas pipeline joint venture with Duke Energy.
Oil Price
08-07-2020
European Oil Giant Slashes Oil Price Forecast To $48 Per Barrel In 2021
Italy's Eni lowered its long-term oil price assumptions on Tuesday.
Oil Price
07-07-2020
Oil Price Crash Causes Major Recession In Russia
The oil price crash that Russia helped create, along with the coronavirus-driven global recession, will result in Russia’s economy shrinking this year by the most in 11 years.
China Energy
07-07-2020
Sinopec's Tianjin Terminal Takes More LNG in 1H 2020
China's state-owned Sinopec received more LNG cargoes at its 6mn t/yr Tianjin LNG import terminal in northern China during the first six months of this year compared with a year earlier.
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