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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 Price
14-08-2019

Oil Prices Continued to Rally Yesterday as the Trade War Stoked Fears
Oil prices continued to rally yesterday, following reports that the United States has decided to delay the next round of tariffs that were to be imposed on Chinese goods.
Oil Price
14-08-2019

Crude Oil Futures Retreated from Overnight Highs
Crude oil futures retreated from overnight highs, spurred by signs of a thaw in US-China tensions, during mid-morning trade in Asia Wednesday on profit-taking following the release of a bearish report of last week's US crude inventory.
Oil&Gas Drilling
13-08-2019

Malaysia Develops a $480 Million Oil Storage To Push It into An Oil And Gas Hub
Malaysia on Tuesday said the Johor PortAuthority was working to develop a 2 billion ringgit ($477 million) oil storage and ship refueling site in the country's south.
Oil & Gas Trade
13-08-2019

Crude Oil Futures were Marginally Lower During Mid-morning Trade in Asia
Crude oil futures were marginally lower during mid-morning trade in Asia Tuesday, amid concerns over the impact the ongoing US-China trade tensions will have on global growth and demand.
Crude
13-08-2019

US Crude Oil Inventories Fell , as Refinery Runs Remained High
US crude oil inventories likely fell 2.7 million barrels last week, as refinery runs remained high, an S&P Global Platts analysis showed Monday.
LNG
12-08-2019

Canada Government Subsidies for Project Aim to Reduce Reliance on US Market
A 40 billion Canadian dollar ($30 billion) project in British Columbia led by Royal Dutch Shell is on track to start exporting liquefied natural gas to Asia as early as 2024, having received a significant financial boost from Canada's federal government.
Oil & Gas Trade
12-08-2019

Iran to Cut Down Direct Dependency on Oil Revenues to Zero
Iranian Vice-President Baqer Nobakht said on Sunday that his country is determined to draft its new budget bill with zero-dependence on oil revenues in a bid to disappoint the US with its maximum pressure campaign against Tehran.
Oil & Gas Trade
11-08-2019

Russia to Leapfrog Saudi in Wealth League as Oil Power Shifts
For the first time in eight years, the Bank of Russia’s total stockpile of cash, gold and other securities is about to surpass Saudi Arabia’s, highlighting the Kremlin’s leverage in talks between major oil producers about how much to reduce production.
Oil & Gas Trade
11-08-2019

Iraq Continues Negotiations with US Exxon Mobil Over Mega Project
Iraq Oil Ministry on Saturday said its negotiations with U.S. Exxon Mobil over a mega project in southern Iraq are still on track, denying reports that the ministry has ended or excluded the U.S. firm from the strategic oil project.
Oil&Gas Drilling
10-08-2019

Chevron Australia Starts Storing Underground CO2 Coming From Natural Gas Liquefaction
The Australian subsidiary of American supermajor Chevron Corp. announced Thursday the start up of a carbon dioxide injection system, aimed at storing underground CO2 coming from natural gas liquefaction at the Gorgon project.
Oil Price
09-08-2019

The EIA Predicts that Natural Gas will Forms 37% of the US' Energy in 2019
The US Energy Information Administration (EIA) released its short-term energy outlook (SEO) on 6 August, outlining the country’s energy production in 2019 and future production in 2020.
Oil Price
09-08-2019

Oil prices Fell on Friday Amid Fears Over Demand as the U.S-China Trade
International benchmark Brent crude futures, were at $57.20 a barrel by 0324 GMT, down 18 cents, or 0.3%, from their previous settlement. U.S. West Texas Intermediate (WTI) futures were at $52.45 per barrel, down 9 cents, or 0.2%, from their last close.
Crude
08-08-2019

Pertamina Says Oil Spill Recovery will Take Until at Least March Next Year
Clean-up efforts after an oil spill from a well in Indonesia’s Java Sea will take until at least March next year, state energy firm Pertamina said on Thursday as it struggles to plug the underwater leak.
Shale Gas
08-08-2019

Far from Securing Hydrocarbon Dominance for Another 100 Years
Dustin Yellin, a Brooklyn, N.Y.-based artist whose intricate 3D photomontages adorn the likes of New York’s Lincoln Center, wants to draw your gaze to climate change. Not in a subtle way, either.
Oil & Gas Trade
07-08-2019

Bank of America Warns China's Purchases of Iranian Crude Could Trigger Oil Market Crash
In the latest round of hostilities between the world's two biggest economies, Washington announced new tariffs on another $300 billion worth of Chinese goods.
Oil & Gas Trade
07-08-2019

Oil Prices Steady, U.S.-China Trade War Dispute Remains in Focus
Oil prices steadied on Wednesday after falling at the start of the session, with the potential for damage to the global economy and fuel demand from the intensifying Sino-U.S. trade dispute continuing to cast a shadow over the market.
Solar Power Plant
06-08-2019

Shell Considers Solar Panels to Power Singapore Refinery Site
Royal Dutch Shell (RDSa.L) is considering to install solar panels to power its Bukom refining site in Singapore, a company spokeswoman on Tuesday.
Oil & Gas Trade
06-08-2019

EVs on Course to Replace 40 Per cent of Demand for Oil in Next 25 Years
The paper argues these shifting economics mean it will soon make little financial sense to produce oil for petrol and diesel cars in the coming decades, when EVs powered by renewables offer a far cheaper, cleaner, and more efficient alternative.
LNG
06-08-2019

Mozambique Will Construct A $25-bn LNG Project Offshore To Rebirth Economy
Mozambique on Monday started constructing a multi-billion-dollar liquefied natural gas project offshore, operated by the US energy giant Anadarko on the country's remote northern coast.
Oil & Gas Trade
06-08-2019

Australia is Eyeing off the United States' Tightly Guarded Fuel Reserve
"The Government is in the early stages of very constructive discussions with the United States about the potential to access their strategic petroleum reserve, which would greatly boost our own stocks and also the flexibility of supply," she said.
Oil & Gas Trade
05-08-2019

Crude Oil Futures were Lower During Mid-Morning Trade in Asia
Crude oil futures were lower during mid-morning trade in Asia Monday as markets remained concerned on the impact of the ongoing trade tensions between the US and China.
Oil & Gas Trade
04-08-2019

Iran Said Seized A Foreign Oil Tanker in the Persian Gulf
Iran said Sunday it has seized a foreign oil tanker in the Persian Gulf for allegedly smuggling fuel, according to the official IRNA news agency.
Oil & Gas Trade
03-08-2019

Saudi Arabia Is Exporting Ever-Larger Portion Crude to China -- With the U.S. Losing Out
Saudi Arabia’s observed exports to China soared to 1.74 million barrels a day in July, the highest since Bloomberg began tracking the tanker shipments in January 2017.
Oil & Gas Trade
02-08-2019

Oil Prices Nosedive 8% on Trump Tariff Threat
Trump's vow to impose a 10% tariff on another $300 billion of US imports from China is worrying investors that a severe economic slowdown could eat into demand for oil and other commodities.
Oil & Gas Trade
02-08-2019

Oil Slumps 7% As Trump Annouces Additional Tariffs on Chinese Imports
Oil prices plummeted more than 7% on Thursday, with the U.S. benchmark posting its worst day in more than four years, after President Donald Trump said he would impose additional tariffs Chinese imports starting Sept. 1.

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