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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
Crude
18-12-2019
Saudi Aramco Arrive in Syria’s Oil Fields
Sources have disclosed that the Saudi Arabian Oil Company, commonly referred to as Aramco, has sent a delegation of experts to discuss investment opportunities in the oil fields and wells in the Eastern Syrian city of Deir Ez-Zor.
18-12-2019
Axis Bank Launches Co-branded Credit Card with Indian Oil
This partnership is an effort from Axis Bank and IOCL to expand their presence in the fast-developing credit card ecosystem in India.
Oil & Gas Trade
17-12-2019
Russia Hopes to Sign A Dealto Duild An Oil Pipeline With Congo
Russia is hopeful of Russia's TMK and the Republic of the Congo's national oil company, SNPC, signing a deal soon to build an oil pipeline in the West African nation, Russian deputy energy minister Pavel Sorokin said on Tuesday.
LNG
17-12-2019
Construction of The Controversial LPG Plant Resumes at Puthuvype
Kochi: Construction of the controversial LPG plant at Puthuvype resumed on Monday, two-and-half years after the work was suspended owing to protests by local residents, amidst strong police presence.
Crude
17-12-2019
NNPC's Refineries Record Losses for Nine Consecutive Months
The three refineries belonging to the Nigerian National Petroleum Corporation (NNPC) recorded losses for nine consecutive months, the corporation said in its September financial results.
Oil & Gas Trade
17-12-2019
Israel Becomes Major Energy Exporter After Signing Egypt Gas Permit
Energy Minister Yuval Steinitz called the permit a "historic landmark" for Israel.
Oil & Gas Trade
17-12-2019
Oil Poised Near Three-Month Highs on U.S.-China Trade Hopes
Oil prices trickled a fraction lower on Tuesday but remained near a three-month high as investors kept the faith with hopes that a fully fledged U.S.-China trade deal is in the pipeline, set to stoke oil demand in the world’s biggest economies.
Oil Price
16-12-2019
Oil Prices Fall But Hold Near 3-month High on Trade Deal Agreement
Brent crude oil futures fell 23 cents, or 0.4 per cent to $64.99 a barrel by 0101 GMT, after closing at a near three-month high on Friday.
Oil and Gas Technology
15-12-2019
South Korean Biochem Company Starts Biodiesel-Petrol Mix Production
SK Chemicals, South Korea's top biofuel producer, has begun research to mix its biodiesel with petroleum-based fuels to produce low-sulfur marine oil that will meet new green shipping fuel regulations.
Oil & Gas Trade
15-12-2019
Oil Market’s Big Data Show OPEC+ Cuts Fall Short
The three big oil forecasting agencies all see OPEC producers needing to comply fully with output cuts they agreed in Vienna last week if they are to avoid big builds in inventories in the first half of 2020.
14-12-2019
DNO Makes Minor Oil and Gas Discovery off Norway
Oil and gas company DNO is in the process of concluding the drilling of a wildcat well near the Heidrun field in the Norwegian Sea after finding a minor oil and gas discovery.
Oil & Gas Trade
13-12-2019
Aramco Floats to Become the World’s Most Valuable Company
Saudi Arabia’s state-owned oil company, Saudi Aramco, officially became the world’s most valuable company yesterday, after its floating on Riyadh’s stock exchange, the Tadawul, saw its shares surge 10% above their initial valuation within seconds.
Oil & Gas Trade
13-12-2019
OPEC+ Oil Supply Cuts Won’t Prevent Surplus in 2020
Global oil markets still face a surplus next year even if OPEC and its partners deliver newly-announced production cuts in full, the International Energy Agency said.
Crude
12-12-2019
Saudi Aramco Replaces Apple as World’s Largest Listed Company
Saudi Arabia’s oil company Aramco gained 10 per cent in its first moments on the stock market on Wednesday in a dramatic debut that held until closing and pushed its value up to US$1.88 trillion.
Oil & Gas Trade
11-12-2019
Saudi Aramco Oil Firm Starts Trading after Record £19.5bn IPO
Saudi Arabia’s oil company Aramco has started trading on the Saudi Tadawul stock exchange for the first time after a 25.6 billion dollar (£19.5 billion) initial public offering that set the record as the biggest in history.
Oil Price
11-12-2019
Oil Surges as Saudis Surprise with Pledge of Additional Cuts
Oil in New York posted the biggest weekly gain since June after Saudi Arabia surprised the market with a significant supply cut beyond what was agreed to with fellow OPEC+ members.
Oil Price
10-12-2019
Oil Prices Up with Positive US, China Trade Talks
Crude oil prices were up early Tuesday supported by a top U.S. official's comments on positive trade talks between the U.S. and China on Monday.The trade talks between the world's two largest economies are "heading in a good direction," the White House a
Oil & Gas Trade
10-12-2019
China Is Winning the Offshore Oil Competition
Hydrocarbon-hungry China is tearing it up on the offshore oil and gas scene, and its rapidly growing global footprint is helped along because it’s not unconcerned with compliance, transparency.
Oil and Gas Equipment
09-12-2019
China Sets up National Oil, Gas Pipe Firm in Drive to 'Boost Competition'
China announced on Monday the establishment of a national oil and gas pipeline company in a move intended to boost competition, the Xinhua state news agency said.
Oil Price
09-12-2019
Oil Steady After OPEC+ Members Agree Deeper Output Curbs
Crude prices held firm in Asia on Monday after OPEC and its allies agreed to enlarge production cuts and Saudi Arabia said it would go even further with its own reductions.
Oil & Gas Trade
08-12-2019
Demand Slowdown in Top Gas Buyer Set to Worsen
A slowdown in gas demand growth in China, the driver of global use over the past two years, is expected to slacken further, adding to investor concern as supply continues to build.
Crude
08-12-2019
Asia Seen Adequately Prepared for Deeper OPEC Crude Output Cuts
Asia appears well prepared for OPEC's new crude production cut era as Chinese, South Korean and Japanese refiners' flexible feedstock procurement strategies would insulate them against any sharp reduction in Middle Eastern crude supply.
07-12-2019
No Oil Discovery After Staatsolie’s Six-Well Campaign Off Suriname
Staatsolie said earlier this week that it had drilled six exploration wells as part of its nearshore drilling campaign. While no commercial oil discovery was made, valuable data was collected, the company stated.
Crude
06-12-2019
OPEC Fails to Pin Down New Output Target after Marathon Talks
OPEC failed nail down the details of an agreement to adjust its official production target, as six hours of talks in Vienna found no resolution amid objections from Iraq and Angola.
Oil & Gas Trade
05-12-2019
Oil Security Issues Remain Major Challenge for African Energy Industry
Security issues remain a major challenge for African energy industry, necessitating the urgency for African governments and oil companies to do more to protect the security of energy infrastructure.
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