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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
20-04-2020
Oil Plummets 21% to 21-Year Low as Sinking Demand Spurs Uncertainty Around Storage
Oil prices fell to a 21-year low on Sunday night as uncertainty over a supply glut intensified.
Oil Price
20-04-2020
Oil Prices Hit $15 For The First Time In 21 Years
A gruesome combination of crumbling demand for crude and global storage filled to its brim has pushed oil prices to levels not seen in over two decades.
Crude Oil
20-04-2020
India Records Lowest Crude Oil Production in at Least 18 Years
India's domestic crude production will fall to 32.173 million tonnes in 2019-2020.
Crude Oil
20-04-2020
BPCL Kochi Refinery Takes Steps to Maintain Petroleum Products Supply
Although the COVID 19 outbreak hit demand for gasoline, diesel, fuel oil, asphalt, aviation turbine fuel (ATF) and other petroleum products.
19-04-2020
ADNOC Terminates Dalma Gas Project with Petrofac
Notification was received from the ABU dhabi national oil company (ADNOC) of the termination of two recently awarded contracts for the dalma gas development project.
Oil & Gas Trade
19-04-2020
Saudis to Sell 600,000 bbl of Oil a Day to the U.S. in April
Saudi Arabia is set to sell about 600.000 barrels a day of crude to the U.S. in April, the highest volume in a year, according to a Saudi industry official familiar with allocations to American refiners.
Crude Oil
19-04-2020
The Oil Industry's Recovery Lacks One Important Ingredient
The global glut of oil and gas is growing, caused in part by a global blockade by coronavirus.
Crude Oil
18-04-2020
Mexico’s Offshore Oil Investment Set To Plunge Despite Government Pledges
Demand for offshore equipment and services is set to drop by an average of 14 percent through 2025, according to the analysts.
Crude Oil
18-04-2020
India Dips in to Weakened Crude Market to Fill up its Strategic Oil Reserves
Ministry of petroleum and natural gas has mandated ISPRL to work closely with public sector oil companies including MRPL to achieve the target of filling up Mangaluru and Padur caverns.
17-04-2020
Shell Greenlights $6.4 bln Australia Natural Gas Project
Royal Dutch shell said on Friday it would develop the first phase of Australia's largest coal-bed methane resource in Queensland.
Oil & Gas Trade
17-04-2020
Saudi Aramco to Supply Full May Crude Volumes to Asian Refiners
Saudi Arabia, the world's largest oil exporter, has notified some refiners in Asia that it will supply full contractual volumes of crude in May.
Crude Oil
17-04-2020
Demand for OPEC Oil Falls to 30-Year Low
The sharp contraction in global oil demand amid lockdowns and stalled industrial activity will lead to the lowest demand for OPEC crude in more than thirty years this quarter.
Oil Pipeline
17-04-2020
Shell Restarts US Offshore Oil Hub After Pipeline Leak
Royal Dutch Shell Plc resumed production of 100,000 barrels a day Tuesday at its Perdido deepwater center in the U.S. gulf of Mexico.
17-04-2020
Shell Looks To Become Net Zero Energy Company By 2050
Oil supermajor Shell announced on Thursday its ambition to become a net-zero emissions energy business by 2050 at the latest, joining other majors such as BP and Eni in unveiling plans to curb carbon emissions.
Oil&Gas Drilling
17-04-2020
Qatar Starts Expansion Drilling At World’s Largest Gas Field
Qatar Petroleum has started the development drilling campaign of the North Field East Project to expand the production capacity of the world’s biggest natural gas deposit that the tiny nation shares with Iran in the Persian Gulf.
Crude Oil
17-04-2020
Oil Demand Won’t Bounce Back Anytime Soon
Oil demand is expected to be down by nearly 30 million barrels per day (mb/d) in April and down by almost 10 mb/d for the entire year, according to the latest estimates.
Oil Field
16-04-2020
Production of Iran's South Yaran Oil Field Increases
The oil production at the South Yaran joint oil field in Khuzestan province in southwestern Iran (this field is called Majnoon field in Iraq) was increased as a result of drilling and commissioning of six new wells.
Oil Price
16-04-2020
Oil Prices Sink On Record Breaking 19.2 Million Barrel Crude Build
A day after the American Petroleum Institute estimated crude oil inventories had added more than 13 million barrels, the Energy Information Administration confirmed a build, and a much higher one, at 19.2 million barrels for the week to April 10.
LNG
16-04-2020
Networks Unveil Plan to Deliver World's First Zero Carbon Gas Grid
The UK's gas network operators have set themselves the ambitious target of delivering the world's first zero carbon gas grid, as part of a major new programme dubbed 'Gas Goes Green'.
Oil Shale
16-04-2020
Nagpur: Petrol, Diesel Sale Just 10-15% of Earlier Level
The sale of petrol and diesel is now just 10-15 per cent of normal levels in the city proving the lockdown has been effective to a great extent. However.
LNG
15-04-2020
China's GCL, Shell Sign Preliminary Deal on LNG Trading Joint Venture
A joint venture has been set up in eastern China to promote and trade liquefied natural gas (LNG).
Crude Oil
15-04-2020
Oman's Daily Oil Production Up 12.83% in March
Oman's oil ministry said in a statement that the country's daily oil production increased by 12.83% month on month in March this year.
Oil Price
15-04-2020
Saudi Arabia Claims The U.S. Was Not Their Target In The Oil War
Saudi Arabia did not intend for U.S. oil producers to suffer, Saudi Energy Minister, Prince Abdulaziz bin Salman, said in an interview with a select group of reporters, including Energy Intelligence’s Amena Bakr.
Oil Price
15-04-2020
Oil Rises Amid Hopes for Quick Decline in U.S. Shale Output
Oil prices rose more than 1% on Tuesday after the main U.S. energy forecasting agency predicted shale output in the world's biggest crude producer would fall by the most on record in April, adding to cuts from other major producers.
Oil & Gas Trade
14-04-2020
Crude Cuts: Nigeria to Earn $10.61bn in Eight Months
Nigeria may earn about $10.61bn from crude oil sales between May and December this year following latest decision by members and non-members of the Organisation of Petroleum Exporting Countries to cut production.
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