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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 Price
22-06-2020
Oil Edges Up on Tighter Supply, but Demand Concerns Check Gains
Oil prices nudged higher on Monday on tighter supplies from major producers, but concerns that a record rise in global coronavirus cases could curb a recovery in fuel demand checked gains.
Crude Oil
22-06-2020
Iran, Iraq Discuss Oil Cooperation
Iranian Oil Minister Bijan Namdar Zangeneh and his Iraqi counterpart Ihsan Abdul Jabbar discussed ways to promote cooperation between the two neighbors in the oil industry.
Oil&Gas Drilling
22-06-2020
Oil Rigs Disappearing Across Africa at a Record Pace
Low oil prices are forcing drillers to dramatically curtail risky exploration, especially in frontier regions such as Africa.
Africa Energy
22-06-2020
West African LNG Exports Resilient Despite Coronavirus Impact
In the face of economic turmoil triggered by the coronavirus pandemic, exports of LNG from West Africa's four producers have shown some resilience.
Oil & Gas Trade
22-06-2020
India's May Crude Oil Imports Post Biggest Decline Since at Least 2005
India's crude oil imports in May fell 22.6% from a year earlier, the biggest drop since at least 2005.
Oil Price
21-06-2020
Rising Diesel Prices Set New Record
Diesel prices soared to a record on Friday while petrol prices rose to their highest in 19 months after state oil companies increased rates for the thirteenth time in as many days.
Oil&Gas Drilling
21-06-2020
Norway Offers 36 Oil Exploration Blocks in Already Opened Areas
Energy companies can apply to explore for oil and gas in 36 new exploration blocks off Norway, the country's oil and energy ministry said on Friday.
Oil Field
20-06-2020
Triangle Shuts in Production from Two Cliff Head Wells
Australia-based oil producer Triangle Energy has shut-in production from two wells on its Cliff Head oil field located offshore Australia.
20-06-2020
Wintershall Noordzee Starts Gas Production from Second Sillimanite Well
Wintershall Noordzee, a joint venture of Wintershall Dea and Gazprom, has started gas production from its second B2 production well at the Sillimanite field offshore the Netherlands.
Crude Oil
19-06-2020
OPEC Changed its Forecast for Oil Production in Azerbaijan
OPEC reported in June that it predicted azerbaijan would reduce its output by an average of 70,000 barrels a day to 720,000 b/d in 2020, compared with 700,000 b/d in its previous report.
Crude Oil
19-06-2020
U.S. Oil Dominance is Coming to an End
The U.S. tight oil or shale rig count has fallen 69% this year from 539 in mid-March to 165 last week.
Oil & Gas Trade
19-06-2020
Venezuelan Oil Production Sinks to Lowest Output in 77 Years
Crisis-wracked Venezuela's relentless fall in oil production sunk to a new low in May, according to OPEC figures, a milestone in a decade of decline for the once proud petroleum powerhouse.
Oil & Gas Trade
18-06-2020
OPEC to Host Technical Workshop for 60th Anniversary
The Organization of Petroleum Exporting Countries will host a special technical workshop titled OPEC at 60 to commemorate the foundation of its 60th anniversary, OPEC announced in a statement on Wednesday.
Oil&Gas Drilling
18-06-2020
Equinor Approved to Use Transocean Norge for Exploration Drilling in the Norwegian Sea
The Norwegian oil safety authority has agreed to allow Equinor to use TransoceanNorge to plug and drill the 6407/1-a-3bh /CH well.
Africa Energy
18-06-2020
Nigeria Plans to Tender 57 Marginal Oil Fields
The Nigerian Ministry of Petroleum Resources has announced that it will open a new round of bidding for oilfield development this year, involving 57 marginal oilfields.
LNG
18-06-2020
BC LNG Alliance Goes National with New Name: Canadian LNG Alliance
The BC LNG Alliance recently announced it is now the Canadian LNG Alliance.
Market Analysis
18-06-2020
Magellan Sees 3Q Gasoline Demand Recovery
Fuel demand in Magellan's Midstream Partners' more rural central US markets has recovered faster than more urban regions, chief executive Mike Mears said today.
Crude Oil
18-06-2020
Oman Steps Up Plan to Build Middle East's Biggest Oil-Tank Farm
Oman's ambitious goal of building the biggest oil-storage facility in the Middle East is finally progressing, more than seven years after the Gulf sultanate announced the plan.
Oil & Gas Trade
17-06-2020
Russia July Crude Oil and Fuel Oil Export Tariffs Rose to 5.16 US Dollars / Barrel
The Russian Ministry of Finance issued a statement on Monday saying that as oil prices recovered, Russia set the July export tariff for crude oil and fuel oil at US$37.8/ton.
Crude Oil
17-06-2020
China at Record Pace on Storage, Propping Up Oil Prices
China has been replenishing its oil reserves at a record pace.
Crude Oil
17-06-2020
Venezuela's Oil Exports have Plunged
Venezuela's oil exports have fallen nearly 28% in the first half of June, on course for the lowest level in over 70 years as tanker owners and operators suspend contracts for transporting crude oil.
Oil&Gas Drilling
16-06-2020
OPEC+ may be Able to Ramp up Oil Production in 2021: IEA
The IEA predicts oil demand will grow 3 million b/d more than supply in 2021, as it released its first estimates for next year in its June 16 outlook, which would mean shifting some of the huge stock overhang that has built up.
China Energy
16-06-2020
China Imported 47.97 Million Tons of Crude Oil in May
China's crude oil imports increased from a decline in May, and international crude oil prices rebounded rapidly.
Oil Shale
16-06-2020
EIA Forecasts U.S. Shale Oil Output Decline of 93,000 Barrels a Day in July
Crude-oil production from seven major U.S. shale plays is forecast to decline by 93,000 barrels a day in July to 7.632 million barrels a day.
Africa Energy
16-06-2020
Petrol Price goes up as Diesel, Kerosene Pump Rates Drop in Kenya
The price of super petrol has increased by Sh5.77 while those of diesel and kerosene dropped by Sh3.80 and Sh17.31 per litre respectively.
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