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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
05-12-2019
Gail India Offers Up to 10 LNG Cargoes for Loading from U.S.
Gail has offered up to 10 liquefied natural gas cargoes for loading in the United States over early 2020 to early 2021, two industry sources said on Thursday.
Crude
05-12-2019
Crude Oil Futures in Consolidation Mode as Markets Await OPEC Meet
Crude oil futures were marginally lower during morning trade in Asia on Thursday amid some profit-taking after gaining more than $2/b during Wednesday's trading session, as markets await the outcome of the OPEC meet in Vienna.
Oil & Gas Trade
04-12-2019
In 2020 OPEC+ Faces Slowing Demand Growth in Rival Production
OPEC and its allies sent mixed signals about whether they were considering deeper production cuts, fanning oil-market speculation before crucial talks in Vienna this week.
Oil & Gas Trade
03-12-2019
Iran Still Selling Oil Despite US Sanctions on Tehran’s Exports
Iran is still selling its oil despite US sanctions on Tehran’s exports, the country’s Vice President Eshaq Jahangiri was quoted on Monday as saying by state TV, adding that Washington’s “maximum pressure” on Tehran had failed, reports Reuters.
Oil & Gas Trade
03-12-2019
Does OPEC See U.S. Oil Output as Half Full or Half Empty?
Ahead of their meeting in Vienna later this week, OPEC’s oil ministers have done a good job of convincing themselves that they can simply decide to hold steady, and do no more than they’re already doing.
LNG
02-12-2019
Why Power-to-Gas May Flourish in a Renewables-Heavy World
While still in its infancy, power-to-gas provides a promising approach to convert renewable power into “green” hydrogen and methane, furnishing the renewables sector with a potentially lucrative array of end-uses.
Oil & Gas Trade
02-12-2019
Putin, Xi Jinping to launch Power of Siberia pipeline
Russian President Vladimir Putin and his Chinese counterpart Xi Jinping via launch the Power of Siberia pipeline via a TV link-up on Monday.
Crude
02-12-2019
Nigeria Commits to OPEC Agreements Before Vienna Meeting
Nigeria is committed to full implementation of agreements among OPEC and non-OPEC members, its minister of state for petroleum said on Sunday, ahead of an OPEC meeting in Vienna.
Oil&Gas Drilling
02-12-2019
Saudis to Push for Extension of Oil-Production Cuts at OPEC Meeting
Saudi Arabia will push for an extension of oil production cuts through mid-2020 at a producers’ summit this week in an effort to prop up Saudi Aramco’s initial public offering share price, Persian Gulf officials said.
Oil and Gas Technology
01-12-2019
Tendeka Polymer Tech to Boost Shale Gas Recovery 250%
The firm invested a six-figure sum on its ShaleModifier technology, which is expected to return several million pounds in revenue over the next two years.
Crude
01-12-2019
Why Are Oil Markets Suddenly So Volatile?
The newsfeed this week has been inundated with updates on Aramco’s IPO developments. On the retail side, the Aramco IPO has reached $7.21 billion in subscriptions, bringing the total value for the IPO to somewhere near $25.6 billion.
Oil & Gas Trade
29-11-2019
The Parties Discussed Russian-Ukrainian Cooperation in the Gas Sector, Russian Energy Ministry Said
"The parties discussed Russian-Ukrainian cooperation in the gas sector — settlement of mutual claims for the implementation of contracts, the terms for the transit of Russian gas to Europe from 2020.
Oil&Gas Drilling
29-11-2019
Russia’s Oil Companies Propose Postponing Extension of OPEC+ Deal Until March
At a meeting at the Ministry of Energy on Thursday, representatives of the Russian oil industry proposed that the current quotas for reducing production within OPEC+ are maintained until March and the extension should be discussed afterwards.
Crude
28-11-2019
Iran Launches Operation to Seal an Expanding Oil Leak Off Persian Gulf Rig
Iranian authorities say a major leak that has taken place off an oil rig in the Persian Gulf waters is being contained as they insist more work would be needed to stanch the expanding spill.
Crude
28-11-2019
Russia Set to Overshoot Oil Quota Yet Again Ahead of OPEC+ Talks
Want the lowdown on European markets? In your inbox before the open, every day. Sign up here. Russia, OPEC’s largest ally in a deal to cut oil production, is once again failing to keep its side of the bargain.
Shale Gas
27-11-2019
Is Shale Still Challenging OPEC’s Output Strategy?
US shale producers are cutting spending for the second year in a row. That raises questions about shale’s medium to long-term resilience as it struggles with sustaining the key WTI breakeven point of $50 per barrel.
Oil Price
27-11-2019
OPEC Countries Unanimously Support Extension of Oil Output Cuts
The Petroleum Exporting Countries (OPEC) unanimously support an extension to the agreement on the reduction of oil output after March 2020 and continue to discuss whether a three or a six-month extension is needed.
Oil & Gas Trade
26-11-2019
Legendary Oil Trader Says the End of Demand Growth in Sight
Andy Hall, one of the most successful oil traders of his generation, is now predicting the biggest shift yet in the global market: the end of demand growth.
Crude
25-11-2019
Small Amount of Oil Spilt Off Taranaki Coast
Floating production, storage and offloading ship The Umuroa has spilt a "small amount" of oil into the Tasman Sea off the coast of Taranaki. s
Oil&Gas Drilling
24-11-2019
Total, Eni And Sonangol Bid for Angolan Oil And Gas Acreage
Angola’s oil, gas and biofuels agency (ANPG) announced the names of companies that submitted proposals for 10 fields in the Namibe and Benguela basins, which concluded on Wednesday.
LNG
23-11-2019
Volkswagen to Use LNG-Powered Car Freighters
Volkswagen Group Logistics has announced that it is the first company to use two car freighters powered by LNG in overseas traffic.
Crude
22-11-2019
Russia Wants Condensate Removed from OPEC Deal
Russian energy minister Alexander Novak said Wednesday he wants new volumes of gas condensate to be excluded from Russia’s quota as part of its oil output pact with OPEC.
Shale Gas
22-11-2019
What Does Shale Oil Down Mean For America & The World?
For the last several decades, oil companies have been turning the American countryside into Swiss cheese as they scour the Earth for oil and gas deposits that can only be unlocked by fracking.
21-11-2019
Offshore Oil and Gas & FPSO Brazil Summit 2019
The International Event of FPSO Industry - FPSO Brazil Summit 2019 will be held in Rio de Janeiro, Brazil, Dec. 10th-11th!
Crude
21-11-2019
Who benefits from Syria's oil?
President Donald Trump says he expects the United States to benefit by millions of dollars per month from Syria's oil revenues while US troops remain in the country.
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