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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

China Energy
29-06-2020

China-Made Large "Offshore Oil and Gas Plant" Put into Production in Brazil
Successful oil production marks the official commissioning of this large “offshore oil and gas plant”.
Oil and Gas Equipment
29-06-2020

Total Starts Up 2nd FPSO Off Brazil
Total and its partners announce the start-up of the Floating Production Storage and Offloading P-70 of the Iara cluster, located in the deepwater Santos Basin pre-salt offshore Brazil.
Crude Oil
29-06-2020

Iraq to Review Some Oil Contracts at High-Cost Fields
Iraq is reviewing oil contracts with some companies operating fields where costs are high, in order to reduce expenses while cutting production.
Market Analysis
29-06-2020

Egypt Gas Production at 23-Month Low
Egyptian gas production fell sharply in March from a year earlier, and was the lowest since April 2018.
Crude Oil
29-06-2020

UAE's Adnoc Rolls Over Crude Nomination Cuts in August
Abu Dhabi's state-owned Adnoc will continue to apply 5pc cuts to client nominations for August-loading volumes of the company's four main grades.
Oil Shale
29-06-2020

America:Chesapeake Files for Bankruptcy Protection
Chesapeake Energy, the once-mighty natural gas producer, filed for bankruptcy protection today.
Oil & Gas Trade
28-06-2020

Iran Exports $1.09bn Oil Products via PSEEZ in Three Months: official
Home to the largest gas field in the world, South Pars Special Economic Energy Zone, as the capital of energy in Iran, is considered as the hub of export of non-oil products, he added.
LNG
28-06-2020

Poland Signs Deals to Expand Świnoujście LNG Terminal
Poland is to invest PLN 1.9 billion in the expansion of its Świnoujście liquefied natural gas terminal.
Oil Shale
28-06-2020

30% Of U.S. Shale Drillers Could Go Under
U.S. shale was one of the big losers of the Saudi-Russian price war that many saw as a war on U.S. shale. Producers scrambled to stay afloat as prices sank back to lows not seen since 2016, and they are still scrambling.
Oil & Gas Trade
28-06-2020

Iranian President Announced the Launch of Three Oil Projects
On June 25, Iranian President Ruhani announced the launch of three oil projects on the same day.
Oil & Gas Trade
28-06-2020

Owner of Largest Refinery in India Stops Importing Venezuelan Oil
Reliance Industries, the owner of the largest refinery in India and the world, has stopped buying Venezuelan crude.
Oil Field
28-06-2020

Libya Oil Company: Russian Mercenaries Enter Major Oilfield
Russian and other foreign mercenaries have entered Libya’s largest oil field, the country's National Oil Corporation said on Friday, describing the development as an attempt to thwart the resumption of halted oil production in the war-torn country.
Oil&Gas Drilling
28-06-2020

Trump Administration has Denied most Onshore Drilling Relief Requests
Trump administration has rejected most land-based oil and gas companies' requests for royalty breaks.
Oil Pipeline
28-06-2020

UAE: Snam with Consortium Acquires 49% Of ADNOC Gas Pipelines
This is an important investment opportunity in a strategic energy infrastructure, for the consortium, of which Snam is the only industrial operator.
Oil Price
26-06-2020

Oil Prices Advance on Growing Fuel Demand, Even As U.S. Coronavirus Cases Jump
Extending gains on optimism about a recovery in fuel demand worldwide, despite a surge in coronavirus infections in some U.S. states and signs of a revival in U.S. crude production.
Oil & Gas Trade
25-06-2020

Saudi Oil Exports Down by $12 Billion Year on Year in April
The value of Saudi Arabia's oil exports dropped by 65.4 per cent in April when compared to the same month a year earlier, or a fall of about $12 billion.
LNG
24-06-2020

Can China's Insatiable Appetite For Gas Save The LNG Industry?
China is now taking advantage of a buyer’s market to snap up as many cargoes of LNG as it can.
Oil Pipeline
24-06-2020

UAE Oil Major Signs A $20 Billion Gas Deal
UAE’s ADNOC today announced a $20.7-billion deal with six international companies for the acquisition of a minority stake in Adnoc Gas Pipeline Assets.
Oil Price
24-06-2020

Pandemic, Low Oil Prices Cause Massive Drop in North Dakota State Revenue
Incoming oil and gas tax revenues for April, the latest month of data, were just $38 million — 81% below the Legislature's forecast.
Oil Price
24-06-2020

Oil Rally Held Back By High Inventories, Coronavirus Fears
U.S. benchmark West Texas Intermediate is over $40 a barrel, a price level it has struggled to surpass in the past.
Oil Price
23-06-2020

Oil Prices Will Hit $50 Before The End Of The Year
Despite fears of a second wave of COVID-19, oil markets rebounded last week, showing signs of improving fundamentals as global supplies continue to tighten.
Oil&Gas Drilling
23-06-2020

Sonatrach Prepares to Resume Exploration in Libya
Algerian and Libyan oil sector officials are currently holding talks to relaunch exploration by Sonatrach on Libyan soil.
LNG
23-06-2020

China's CNOOC Buys two Carbon-Neutral LNG Cargoes from Shell
China National Offshore Oil Corp, or CNOOC, has agreed to buy from Royal Dutch Shell two cargoes of liquefied natural gas with offset carbon emissions.
Oil Price
22-06-2020

The Oil Countries Suffering Most from the Oil Price Crash
The world's largest oil trader has seen its first-quarter net profit fall by 70%.
Oil & Gas Trade
22-06-2020

OPEC's Roadmap to Stabilization
What is OPEC's roadmap for moving towards stabilization?

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