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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
08-04-2020
Iran doesn't Agree with Holding OPEC+ Meet Without Clear Outcome
Iran’s Oil Minister, Bijan Zanganeh, said his country does not agree with holding any OPEC+ meeting in the absence of a clear proposal and expected outcome from such talks for the oil market, according to a letter sent to OPEC.
Crude Oil
08-04-2020
L&T Wins 'Large' Contract from Indian Oil for Capacity Expansion at Barauni Refinery
It has won a "big" contract from the Indian Oil Corporation to expand capacity at the IOC's Barauni refinery in bihar.
Oil Price
08-04-2020
Oil Rises As Markets Eye OPEC, Russia Meeting on Output Cuts
Oil prices rebounded Wednesday after two straight days of declines.
Oil&Gas Drilling
08-04-2020
Government Admits BP Drilling Permit Process was Unlawful
The government admits it acted unlawfully in granting BP’s permit to drill for new oil in the North Sea, a Greenpeace legal challenge reveals, after officials rubber-stamped BP’s drilling application with no public scrutiny.
Oil Shale
08-04-2020
The Dream Of U.S. Energy Independence Is Dying Along With The Shale Revolution
It was a revolution; a game-changer.
Oil Pipeline
08-04-2020
Algeria Completes the Construction of GR7 Gas Pipeline Project
Algeria’s state-owned Sonatrach oil and gas company has successfully completed the construction of the GR7 gas pipeline project.
Crude Oil
08-04-2020
Trump: Free Markets Will Determine U.S. Oil Production
U.S. President Trump believes local oil production output cuts will happen automatically thanks to the nature of the free market, he told reporters this week.
Oil Price
07-04-2020
African Energy Chamber Urges OPEC and OPEC+ to End Oil Price War
OPEC and OPEC+ are set to meet in Vienna on Thursday, April 9 to try to reach a deal on ending the current oil prices war.
Oil Price
07-04-2020
Oil Could Dive Below $10 if OPEC & Allies Fail to Agree Production Cut Deal
According to the agency's report, a fall in demand and an increase in supply could result in more than 20 million barrels per day of excess oil.
Oil & Gas Trade
07-04-2020
Gas Prices Drop in West Virginia as Demand Hits Nearly 30-Year Low
AAA reports that the average price of gasoline across northern West Virginia is 5 cents cheaper this week at $1.851 per gallon.
LNG
07-04-2020
Qatar Petroleum: Coronavirus Turmoil Will not Stop LNG Expansion Abroad
Qatar Petroleum is pressing ahead with foreign as well as domestic expansion despite the global market turmoil caused by the coronavirus pandemic.
LNG
07-04-2020
US FERC Approves US $10bn Jordan Cove LNG Project
The US Federal Energy Regulatory Commission (FERC) has issued a certificate of approval to Pembina Pipeline to implement the proposed US $10bn Jordan Cove LNG project.
Oil Price
07-04-2020
Oil Rises 3% on Hopes for Output Cut as Coronavirus Ravages Demand
Oil prices rose on Tuesday as hopes grew that the world's major oil producers would agree to cut production.
Crude Oil
07-04-2020
The World’s Biggest Oil Deal Can’t Save Crude Prices
G20 countries are set to send their oil minister for an emergency meeting on Friday, a sign that there is a chance that OPEC and Russia can pull in other oil-producing countries into a global production cut.
Crude Oil
06-04-2020
OPEC’s Plan To Take Over The Global Oil Industry
The first three months of 2020 have shocked the global energy market to its foundations.
Crude Oil
06-04-2020
OPEC+ Debates Biggest-Ever Oil cut, Awaits U.S. Efforts
Russian Energy Minister Alexander Novak told Russian state media that he understands the United States has legal restrictions on output cuts, but it should still be flexible.
Oil Price
06-04-2020
The OPEC+ Meeting Could Send Oil Prices Crashing Below $10
The current optimism of analysts and the media that an end to the ongoing OPEC+ oil price spat is near is entirely unjustified.
Market Analysis
05-04-2020
Oil Industry Joins The Fight Against Coronavirus
The supermajor is also offering free food and drink to healthcare professionals at 15,000 retail outlets globally as well as to truck drivers and delivery personnel "who are vital to maintaining supplies."
Oil Price
05-04-2020
Russian Oil Firms Ready To Agree To A Production Cut Deal
With oil prices below Russia’s budget breakeven and with over 20 percent of global oil demand wiped out by the coronavirus pandemic, Russian oil firms could be ready to participate in a global production cut deal with Saudi Arabia, the United States, and
Oil & Gas Trade
05-04-2020
Trump Says 'Doesn't Care About OPEC', Will Put Tariffs on Oil Imports If He Has to
President Donald Trump said on Saturday that he "does not care about OPEC" and that he will put tariffs on oil imports to the United States if he has to in order to protect the oil industry at home.
Oil Shale
05-04-2020
Saudi Arabia Denies Trying to kill US Shale, Shifts Blame for Oil Supply Glut on Russia
Rejecting the accusation as “fully devoid of truth,” Saudi Foreign Minister Prince Faisal bin Farhan Al-Saud insisted that the Kingdom is and has always been “seeking to reach more cuts and achieve oil market equilibrium for the interest of shale oil prod
Oil Price
04-04-2020
Oil Price Barrels Ahead As OPEC Flags Meeting
The price of crude oil surged again Friday after OPEC said it would talk to non-members.
Crude Oil
04-04-2020
Fuel Consumption Sees Drastic Drop
Despite petrol bunks having remained open during the lockdown period, the consumption of diesel and petrol has come down drastically.
Oil Price
03-04-2020
Petrol, Diesel Prices Jump by Re 1 in 3 States on Higher Tax
Fuel prices in west Bengal, maharashtra and karnataka rose by a litre.
Oil Price
03-04-2020
What Really Caused Oil To Rally By 25%?
Oil prices spiked 25 percent on Thursday after President Trump tweeted that Saudi Arabia and Russia would cut production by 10 to 15 million barrels per day (mb/d), but there are a variety of reasons why a cut of this size faces steep odds.
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