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Crude Oil
Oil Prices Rise On Record U.S. Oil Demand
The price of WTI crude rose nearly 2% on Thursday on EIA reports that U.S. implied petroleum products demand had risen to record heights.
United Kingdom
AstraZeneca to Power UK Sites with Biomethane in Decarbonisation Drive
British-Swedish multinational pharmaceutical firm AstraZeneca has partnered with Future Biogas to power its UK sites with low-carbon energy as part of the compa…
LNG
Dutch Bio-LNG Project Secures EU Funding
A liquefied biogas production project by Dutch firms Titan LNG, Attero and Nordsol has been awarded €4.3mn in funding under the EU's 'Fit for 55' package.
Oil & Gas Trade
China’s Oil Imports Are Set To Slow In Q1
Chinese imports in March 2022 are set to be around 10.7 million barrels per day (bpd).
Natural Gas
Brazil's Manati Field Gas Production Restart Awaits Pipeline Repairs
Brazilian Petrobras will take a week to make repairs to an offshore gas-export pipeline and restart production at the Manati Field, but the disruption won't aff…
Thermal Coal
HSBC Says It will Phase out Financing of Thermal Coal by 2040
HSBC Holdings is planning to phase out the financing of coal used for generating electricity by 2040, the latest bank to commit to ending support for the greenh…
Hydrogen Project
SoCalGas, Bloom Energy Ready to Kick-Start Hydrogen Blending Project in California
The California Institute of Technology will next year see hydrogen blended into its existing natural gas network as part of newly unveiled project between SoCal…
Oil Pipeline
Key Ecuador Crude Oil Pipeline Ruptures While Halted by Erosion
Erosion in the Amazon region has ruptured Ecuador's state-owned pipeline SOTE, the same problem that led to its shutdown last week, the Energy Ministry said on …
Crude Oil
Global Oil Supply Set to Outpace Demand Amid Higher Production, IEA Says
The surge in new Covid cases is expected to 'temporarily slow' but not upend the recovery in demand
Hydrogen Project
The First 5 Green Hydrogen Storage Tanks Arrive in Puertollano
The transport and supply of 5 of the 11 renewable hydrogen storage tanks to the largest plant in Europe for the production of this gas by water electrolysis tha…
Oil Price
Iran Bases Its 2022 Budget on $60 oil
The budget bill for Iran’s next calendar year is based on an oil price of $60 a barrel, up from $40 this year.
Oil Price
Saudis Foresee Oil Price Spikes from Energy Transition Efforts
Saudi Arabia’s finance minister echoed warnings from the kingdom’s oil officials that a slowdown in fossil-fuel investment globally will cause spikes in energ…
Crude Oil
OPEC+ Undershoots Oil Production Target Again
The OPEC+ group delivered the 400,000-bpd production increase in November, but it was still more than half a million barrels per day short of its overall oil pr…
Market Analysis
Energy Supply Will Catch Up With Demand In 2022
Oil and gas supply will grow faster in 2022 than it did in 2021 to the point of catching up and even surpassing energy demand growth.
OPEC
Opec Revises Higher Call on Its Own Crude in 2021-22
Opec has revised higher the 2021 and 2022 forecast call on its own members crude as it increased oil demand expectations for both years, saying it expects the C…
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