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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

Oil & Gas Trade
28-01-2020

Libya Says Oil Output May Almost Fully Halt Within Days
Libya’s oil output could be days from coming to a complete halt as conflict in the OPEC nation puts the country’s most vital industry at risk, the nation’s top oil official said.
26-01-2020

What does India’s Energy Outlook Look Like for 2020?
India's total renewable energy capacity was 131 gigawatts (GW) in 2019, but it has set a target of reaching 275GW by 2027.
Oil & Gas Trade
26-01-2020

Oil Falls Below $61, Heading for Weekly Loss on China Virus Concerns
Oil extended losses on Friday to trade below $61 a barrel, heading for a weekly decline as concern that the coronavirus in China may spread.
Oil&Gas Drilling
25-01-2020

Libya Says Oil Shutdown Caused Over $255 Million in Losses
The closure of Libya’s major oil fields and production facilities has resulted in losses of more than $255 million in the six-day period ending Jan. 23, the country’s national oil company said Saturday.
Oil & Gas Trade
23-01-2020

Crude Oil Jumps on Libya Export Blockage, Iraq Disruptions
Oil gained in Asian trading Monday following supply disruptions and political instability in key producers Libya and Iraq.
Oil&Gas Drilling
23-01-2020

Libyan Oil Production Falls as US Issues Warning
FEARS of further damaging military intervention in Libya have been raised after the US demanded the resumption of oil production in the country.
Oil & Gas Trade
21-01-2020

Eastern Med Nations Square Off in Blocs for Natural Gas Supply
Turmoil over energy issues in the Eastern Mediterranean is growing as countries form blocs to supply natural gas to the markets of Europe.
Oil & Gas Trade
21-01-2020

Guyana Officially Becomes Oil Exporter
The world’s newest oil frontier, Guyana, has officially shipped its very first batch of crude oil on Monday, according to TankerTrackers.com—a major oil-first for the South American country.
Oil&Gas Drilling
21-01-2020

China Finds Oil In Asia’s Deepest Onshore Well
China National Petroleum Corporation (CNPC) has found crude oil and natural gas in the deepest well drilled in Asia’s onshore, striking hydrocarbons in a pre-salt layer for the first time in China.
Oil&Gas Drilling
20-01-2020

EU Warns Turkey Off Mediterranean Gas Exploration Plans
The European Union has urged Turkey to drop plans to drill for oil and gas around Cyprus and the eastern Mediterranean, saying such exploration was “illegal”.
Crude
20-01-2020

Pipeline Closure Risks Taking Nearly all Libya's Oil Offline
Two major oilfields in southwest Libya began shutting down on Sunday after forces loyal to Khalifa Haftar closed a pipeline, potentially reducing national output to a fraction of its normal level, the National Oil Corporation (NOC) said.
Oil & Gas Trade
20-01-2020

Jordan Parliament Seeks Ban on Israel Gas Imports
Jordan’s parliament Sunday voted in favour of a law to ban gas imports from Israel, weeks after the Jewish state began pumping it to the kingdom in a $10 billion deal.
Shale Gas
19-01-2020

A Crude Restructuring: How America's Shale Revolution Changes the Oil Market in the Middle East
In the first week of January 2020, US special forces executed a strike killing the leader of Iran’s foreign paramilitary arm, Qasem Soleimani, and raised the alarm of an imminent war.
Oil&Gas Drilling
19-01-2020

Trump Administration Grants Chevron License to Keep Drilling in Venezuela
The Department of Treasury is allowing Chevron, along with four other U.S. service suppliers, to continue operating in Venezuela despite U.S. sanctions.
Oil&Gas Drilling
19-01-2020

Huge New Field Sends Norway’s Oil Production To 9-Year-High
The start-up of the massive Johan Sverdrup oilfield sent Norway’s oil production rising to a nine-year high in December 2019, beating the authorities’ forecast by 12.7 percent, data from the Norwegian Petroleum Directorate (NPD) showed on Friday.
Oil & Gas Trade
19-01-2020

Libya's Eastern-Based Forces Move to Halt Oil Exports
A move by Libya's east-based forces to choke off oil exports from its territory threatens to throttle much of the country’s oil production
Oil & Gas Trade
18-01-2020

Eastern Libya Halts More Than Half the Country's Oil Output
Eastern Libya ports controlled by commander Khalifa Haftar, who is trying to seize the capital Tripoli, are shutting down oil exports, slashing national crude output by more than half and ramping up tensions ahead of a summit in Germany to discuss the cou
Crude
18-01-2020

Guyana celebrates first oil
THE Yannis P, a Marshall Islands-registered crude oil tanker will this weekend lift the first one million barrels of crude from the Stabroek Block offshore Guyana, according to Liam Mallon, President of Exxon Mobil upstream oil and gas.
Crude
17-01-2020

Guyanese Lab Tech was First to Test Guyana’s First Oil
The ExxonMobil company has announced that Guyanese laboratory technician, Shivnarine Outar was the first person to test the first sample of Guyanese crude oil as it came through the Liza Destiny vessel.
Oil & Gas Trade
17-01-2020

India May Significantly Boost U.S. Oil Imports
India and the United States will discuss India’s energy security and the Asian country buying increased volumes of U.S. crude oil when U.S. President Donald Trump and Indian Prime Minister Narendra Modi meet later this year
Oil&Gas Drilling
17-01-2020

First Shafag-Asiman Exploration Well Spudded Offshore Azerbaijan
SOCAR and BP announced today that the first exploration well was spudded on the Shafag-Asiman offshore block in the Azerbaijan sector of the Caspian Sea on 13 January.
Crude
16-01-2020

Saudi Aramco Mulls Offshore Oil Expansions
The major expansions at Saudi Aramco’s offshore oil fields of Marjan, Zuluf, Safaniyah and Berri are expected to comprise the majority of the company’s upstream investment over the next three years.
Oil & Gas Trade
16-01-2020

Israel Starts Exporting Natural Gas to Egypt Under Landmark Deal
Israel began exporting natural gas to Egypt on Wednesday under one of the most important deals to have been signed by the neighbors since they made peace decades ago.
Market Analysis
15-01-2020

Venezuela Oil Flow to Hit 2mn b/d in 2020: Maduro
Venezuela's crude production will more than double to 2mn b/d in 2020, the Opec country's president Nicolas Maduro said in an annual national address.
Oil & Gas Trade
15-01-2020

India Exploring Ways to Source Crude Oil from Russia: Pradhan
India is exploring ways to source crude oil from Russia, Oil Minister Dharmendra Pradhan said. “We are working on the strategy to diversify our crude oil supply sources and we are now exploring ways to import crude from Russia as well,” Pradhan told a Rus

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