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Oil
Oil Price
Big Oil Is Pumping out Cash as if $100 Oil Has Already Arrived
The world’s oil supermajors are pumping out cash as if crude was already trading at $100 a barrel.
Oil Price
South Korea's Hyundai Oilbank to Supply 80,000 b/d Middle Distillates to Aramco Trading
South Korean oil refiner Hyundai Oilbank has agreed to provide Won 3 trillion ($2.5 billion) worth of refined oil products to oil giant Saudi Aramco's trading a…
Oil Price
Higher Oil & Gas Prices Lift TotalEnergies Profit
French energy major TotalEnergies saw its quarterly profit soar at the end of last year while returning to the black on a year-over-year basis driven by higher …
CCS
Eni Signs up for Carbon Capture Deal
Oil major Eni UK has announced the signing of 19 Memorandums of Understanding (MoUs) with companies interested in having their emissions captured, transported a…
Sumitomo Electric Secures US$200M Worth 400 kV High-Voltage Direct Current Submarine Cable Project in UAE
Sumitomo Electric Industries, Ltd. has received a limited notice to proceed (LNTP) from Samsung C&T Corporation to deliver a high-voltage direct current (HVDC) …
Oil Price
White House: No Oil Producer Should Hold Back Supply As Oil Hits $90
The White House says as oil hit $90, noting that the U.S. Administration has left “all options on the table” to address high oil and gasoline prices and could…
Oil Price
JPMorgan: Oil Could Easily Hit $120 If Russia-Ukraine Tensions Escalate
JPMorgan is warning that Brent crude could “easily” reach $120 per barrel—if the geopolitical conditions between Russia and Ukraine deteriorate.
Oil Price
TotalEnergies: High Oil Prices Are Here To Stay
TotalEnergies CEO Pouyanné: I've no good news to deliver, oil prices will remain high.
LNG
MOL Signs Charter for New Arctic LNG 2 Ice-Breaking Carrier
Japanese shipping major Mitsui O.S.K. Lines (MOL) has signed a charter contract for a newbuilding ice-breaking carrier to serve Russia’s Arctic LNG 2 project.
Crude Oil
U.S. Crude Output to Rise 770,000 bpd in 202R
U.S. crude oil output is expected to rise 770,000 barrels per day to 11.97 million bpd in 2022, the government said in a monthly forecast on Tuesday.
Crude Oil
Mexico Slashes Oil Exports to India
Mexico, which was one of the top-ten oil suppliers to India last year, has drastically cut its crude exports to the Asian consumer so far this year.
Oil Field
Will the UK Greenlight Six New Oil and Gas Fields in North Sea?
The government is allegedly planning to give the go-ahead to six new oil fields in the North Sea.
LNG
SSY: LNG Supply and Demand Maintain Volatile Market
Shipbroker Simpson Spence Young (SSY) looks at what’s behind the rise of LNG prices and the impact this has on the LNG shipping market.
Crude Oil
Iraq Ready To Execute Four Game-Changing Energy Projects
According to Iraq’s Oil Ministry, the country is ready to move into the ‘execution phase’ of its four-project deal with French energy supermajor TotalEnergie…
Crude Oil
U.S. Weighs Chevron Request to Take Venezuela Oil for Debt Payments
The Biden administration is considering a Chevron Corp proposal to allow the U.S. oil major to accept and trade Venezuelan oil cargoes to recoup unpaid debt.
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