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Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Oil & Gas Trade
20-10-2019

Iran Says U.S. Fails to Halt Iran's Oil Industry Development
Iranian Petroleum Minister Bijan Namdar Zanganeh said the United States has failed to exert pressures on Iran through sanctions against the country's oil industry.
LNG
20-10-2019

ENI: Libya Has Large Reserves Of Natural Gas
Rome, 20 October 2019(Lana) The Executive Officer of the Italian Eni Group Claudio Descalzi said 'Libya along with the east Mediterranean is an important region for Eni for the large reserves of natural gas estimated at 10 billion cubic meters.
Crude
20-10-2019

Russia Sells Crude Oil at Record Premiums
Soaring freight rates in the past two weeks prompted Asian buyers to bid up for cargoes that ship over shorter distances such as oil from Russia.
Oil Price
20-10-2019

Saudi Arabia's Best Bet Is to Crash the Price of Oil
Saudi Arabia should give up trying to manage the global crude market and return to the pump-at-will policy it briefly adopted in 2014 under its longest serving oil minister Ali Al-Naimi.
Oil & Gas Trade
19-10-2019

U.S. Oil Major Chevron Says Hopeful About Maintaining Venezuela Presence
U.S. oil major Chevron Corp said late on Friday it is optimistic about maintaining a presence in Venezuela even amid U.S. sanctions on the country and state oil company PDVSA as part of Washington's effort to oust President Nicolas Maduro.
LNG
18-10-2019

Saudi Aramco, ACWA Power to Invest $3 Bln to Build LNG Plant And Terminal in Bangladesh
The Bangladesh prime minister's investment adviser, Salman Fazlur Rahman, said the agreement "represented one of the largest deals in Bangladesh's lucrative power sector" and reflected confidence in the country's "investment-friendly environment."
Shale Gas
18-10-2019

The Warning Signs Are Flashing For U.S. Shale
U.S. oil production growth has slammed on the breaks, as low prices and the loss of access to capital markets has forced a slowdown in drilling.
LNG
17-10-2019

South Korean LNG Imports Hit 2-year Low in September
South Korean LNG imports fell to their lowest monthly level since 2017 in September, tumbling 25% year on year, latest customs data showed.
LNG
16-10-2019

Global Oil And Gas Majors Are Looking to India's Demand for LNG
Global oil and gas majors are looking to India, the world's third biggest oil importer, to buy some of their excess liquefied natural gas (LNG) as the South Asian nation improves its gas infrastructure and strives to reduce emissions.
Oil & Gas Trade
15-10-2019

Russia: OPEC+ Deal Will Not Be Revised
OPEC and its Russia-led non-OPEC partners in the production cut pact are currently not discussing changing the terms of their agreement, Russian Energy Minister Alexander Novak said on Monday.
Oil & Gas Trade
15-10-2019

Russia & Saudi Arabia Seal Major Deals & Sign OPEC+ Long-Term Cooperation Charter
Agreements include the charter for long-term cooperation between the Organization of the Petroleum Exporting Countries (OPEC) and non-cartel oil producers. Along with the charter, the two countries have signed a protocol on energy cooperation.
LNG
14-10-2019

Total And Adani Will Invest in $1 Billion in Creating Gas Infrastructure in India
French multinational integrated oil and gas company Total S A has partnered with Gautam Adani-led Adani Group to supply and market natural gas in India, Total said in a statement.
Crude
13-10-2019

Iran Releases Photos of Damage to Tanker Attacked in Red Sea
The National Iranian Tanker Co. released photos of damage to the hull of the Sabiti oil tanker, hit in an alleged missile attack off the coast of Saudi Arabia in the early hours of Friday morning.
Oil & Gas Trade
13-10-2019

Iran Works to Reroute Oil Exports Away from Strait of Hormuz
The oil terminal project would allow Iranian tankers to bypass the Strait of Hormuz and load their oil cargoes at the Jask port terminal, east of the strait.
Oil&Gas Drilling
13-10-2019

U.S. Drillers Add Oil Rigs for First Week in Eight -Baker Hughes
U.S. energy firms this week increased the number of oil rigs operating for the first time in eight weeks even though energy services firms are cutting jobs as most producers follow through on plans to reduce spending on new drilling this year.
Oil & Gas Trade
11-10-2019

Iran Accuses Saudi Arabia of Attack on Oil Tanker in Red Sea
Iran said missiles that struck one of its oil tankers in the Red Sea probably came from Saudi Arabia, marking the latest escalation in a tit-for-tat conflict between the two Middle Eastern powers that has roiled energy markets.
Energy Technology
11-10-2019

BP Invested in Artificial Intelligence About Energy Management Platform
BP's venture capital branch BP Ventures has invested in artificial intelligence (AI) developer Grid Edge in an effort to expand the company’s digital energy portfolio.
Oil & Gas Trade
11-10-2019

EU New Climate Goals Mean Tougher Rules for The Gas Industry
Incoming commission president Ursula von der Leyen is expected to make a legally binding European goal to become carbon neutral by mid-century the centre piece of a “green deal” that should be announced sometime between February and March.
New Technology
10-10-2019

Northern Gas & Power Unveils A Number of New Technology On Energy Management Technologies
UK-based energy procurement company Northern Gas & Power (NGP) held its annual conference on 4 October 2019, revealing a number of energy management technologies for businesses and consumers.
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.

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Oil Prices Post 3% Annual Decline