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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
09-10-2019

"Huge Fears" About Demand — Not Middle East Tensions — Are Weighing on Oil Markets
Global trade tensions and their potential impact on crude demand are more significant for oil markets than recent attacks on energy infrastructure in the Middle East, according to Helima Croft, the managing director and global head of commodity strategy.
LNG
09-10-2019

European Gas Market May Be Unable to Absorb The Ongoing Surplus of LNG
European gas prices are set to remain “weak” this winter with the market unable to absorb the ongoing surplus of LNG, which has led to an unprecedented number of stranded cargoes, market participants told Montel.
Oil&Gas Drilling
06-10-2019

Trump Opening California Public Land to Fracking, Gas Leases. Is it‘Reckless’?
The Trump administration has finalized its plans to open hundreds of thousands of acres of federal land in Central California to oil and gas leasing, paving the way for more fracking to soon begin in the state.
LNG
06-10-2019

World's Leading Nat Gas Producer Is About To Get Even Bigger
On September 9 Saad Sherida Al Kaabi, minister of energy as well as president and CEO of state-owned Qatar Petroleum (QP), announced that the country had shortlisted a number of multinational companies for a stake in the North Field expansion.
Oil & Gas Trade
06-10-2019

Exxon Mobil Bars Use of Oil Tankers Linked to Venezuela -Sources
Exxon Mobil Corp this week banned the use of vessels linked to oil flows from Venezuela in the last year, according to four people familiar with the matter, putting new pressure on the U.S. sanctioned country and on global crude freight rates.
Oil Price
02-10-2019

Oil Snaps Six-Day Drop as Shrinking Supply Offsets Growth Fears
Oil snapped a six-day losing streak as a surprise drop in U.S. stockpiles and tumbling OPEC output helped to offset more evidence the global economy is weakening.
Oil Price
02-10-2019

No, the Saudi Oil Attacks Were Not 'False Flag'
As a continuing series of dramas and crises distract our attention from the unresolved questions around the Yemeni attacks on Saudi Aramco, it’s vital to state certain points that are beyond contention.
Crude
02-10-2019

Iran Awards Contracts to Push Ahead with Major Oil Pipeline Project
Iran has awarded contracts to three domestic engineering firms for manufacturing giant pumping devices needed for a major pipeline project that would transfer Iran's oil from export terminals southwest of the country to the coast of the Sea of Oman.
Oil Price
02-10-2019

Saudi Ambition Confronts New Vulnerability
A year later, in his first interview on Arab television, he chastised the Saudi public for their addiction to oil and pledged to transition the economy to one based on investment.
Crude
01-10-2019

Iran on Full alert to protect oil facilities from possible attacks
Iran’s oil minister, Bijan Namdar Zangeneh, has ordered his country’s energy sector to raise its alert levels against cyber and military attacks that could target the oil industry.
Crude
29-09-2019

Brazil Environment: Vast Oil Spill Hits Dozens of Beaches
Brazilian officials are investigating the source of a vast oil spill that has hit dozens of beaches along the country's north-eastern coast.　The spill has been detected in Maragogi, as well as 104 other locations.
Oil & Gas Trade
29-09-2019

British Tanker Docks in Dubai After Detention by Iran
A British-flagged tanker that was detained by Iran for 10 weeks, docked in Dubai on Saturday, after a standoff that has stoked tensions along a vital global shipping route for oil.
Oil & Gas Trade
28-09-2019

Canada's Heavy Oil Exports To Asia From US Surge
Shipments of Canadian crude from the U.S. Gulf Coast since May have more than doubled all of 2018's exports as Asian refiners scramble for heavy sour oil, according to vessel-tracking data, traders and industry sources.
Crude
27-09-2019

More Than 100 Oil Spills Detected off Brazilian Coast This Month
Brazil's main environmental agency said it has detected 105 crude oil spills from an undetermined source polluting the waters of the country’s north east coast this month.
Oil&Gas Drilling
27-09-2019

Irish Government to End Offshore Oil Drilling,And Gas Is To Follow
Ireland's Taoiseach Leo Varadkar announced at a UN assembly earlier this week that the Irish Government is ending offshore oil drilling, and gas is to follow.
Crude
27-09-2019

Brazil says Oil in Spill Along Northeast Beaches Not Brazilian
Brazil’s environmental agency Ibama said on Thursday that an analysis of a vast oil spill along the country’s northeastern beaches showed the spilled crude did not originate in the country.
Oil & Gas Trade
27-09-2019

Turkey will Continue Oil, Natural Gas Trade with Iran
Turkish President Tayyip Erdogan said on Friday it was impossible for Turkey to stop buying oil and natural gas from Iran, despite the threat of U.S. sanctions, and added that trade between the two countries would continue, according to broadcaster NTV.
Oil & Gas Trade
26-09-2019

Curbs on Iran and Inflating US Oil Exports
The most hawkish of Trump’s aide and staunch advocate of pre-emptive strikes on Iran, former national security adviser John Bolton, was ousted from the White House but the Trump administration is not short of sabre-rattlers yet.
Oil & Gas Trade
26-09-2019

Sinopec to Start Producing Low-Sulphur Bunker Fuel at Qilu by End-Oct
Sinopec Corp expects to start operations at the marine fuel oil blending facilities at its Qilu refinery in eastern China’s Shandong province by the end of October, the company said on Thursday.
Oil Price
25-09-2019

Oil at $100 per barrel?
The drone strike on key Saudi oil facilities could stoke already-flaring tensions in the Middle East, driving crude prices higher amid growing fears of supply shortages, market and industry experts believe.
Oil Price
25-09-2019

Is Saudi Aramco Lying about its Damaged Oil Infrastructure?
Repairs at the Khurais field and the Abqaiq processing facility may take several months rather than the ten weeks tops that Aramco had initially estimated.
Oil and Gas Equipment
24-09-2019

Repairs to the Saudi Oil Facilities After Devastating Attacks could Take Months
Saudi Aramco's repairs on its oil facilities that suffered devastating attacks last week are in emergency mode, but could still take several months before they're fully operational again, according to the Wall Street Journal.
Oil & Gas Trade
24-09-2019

Trump’s Disdain for Alliances Backfires
A strange thing happened when the Trump administration tried to recruit an international coalition of naval forces to protect oil tankers in the Persian Gulf this summer: Nobody wanted to sign up.
Oil & Gas Trade
22-09-2019

US Slaps Sanctions On Iranian Central Bank—What’s Next?
The United States on Friday has taken the first step in its response to the attacks on Saudi oil infrastructure by imposing more sanctions on Iran, but the response might not stop there.
Oil & Gas Trade
22-09-2019

Shell, Exxon Close Deal To Build Five LNG Import Terminals
Shell and Exxon are among the companies picked by the Pakistani government to build five LNG import terminals as part of efforts to boost natural gas imports to deal with shortages in supply.

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