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Oil
Oil Price
Biden’s Blunder Could Send Oil Prices To $100
Oil prices may have crashed below $70 on Friday due to renewed Covid fears, but if those fears prove to be unfounded then oil prices could soar
Crude Oil
Iran Seeks to Return Oil Output to Pre-Sanction Levels
Iran wants to pump more oil than it did before the Trump administration tightened sanctions, a top official said ahead of high-level nuclear talks whose outcome…
Natural Gas
Largest Natural Gas Storage Begins to Supply Gas to West-East Gas Pipeline
China's largest natural gas storage facility, the Hutubi gas storage under CNPC in Northwest China's Xinjiang Uygur Autonomous Region, began to supply gas to th…
Oil Field
BP Brings Field Offshore Angola on Stream
Oil major BP has started production at the Platina field in Block 18, which is located in the Angolan offshore, approximately 140 kilometres northeast of Luanda…
Wind Turbine
Contract Signing at WindEurope Confirms Energy Industry Commitment to Wind
A confidential owner of oil and gas platforms in the North Adriatic Concession area has contracted renewable energy consultancy Megajoule to install multiple wi…
Crude Oil
Brazil’s Oil Major Plans To Invest $68 Billion In Boosting Production
Brazil’s Petrobras plans to invest $68 billion in expanding its crude oil production, a figure that represents 84 percent of its total planned investments for …
Natural Gas
Equinor Shifts Oseberg Output Focus Towards Gas
Norwegian state-controlled Equinor has submitted plans to develop the Oseberg field to become a "substantial gas producer", having been primarily an oil field.
Crude Oil
Brent Price Slides Amid Covid Concerns Ahead of Key Opec+ Meeting Next Week
Futures in London slid towards $80 a barrel as crude was swept up in a wave of caution across global markets
Oil Price
Goldman Says Oil Prices Already Account for a Joint SPR Release
The White House’s push for releases of oil from national reserves is already fully priced into the market following the drop in crude prices in recent weeks
Crude Oil
Opec's ECB Mulls 66mn bl SPR Release in Jan-Feb
An Opec advisory committee has been considering the possibility that as much as 66mn bl could be released from the strategic reserves of key oil-consuming count…
Oil Refinery
Reliance to Use Gasification Unit at World's Largest Refinery to Produce Hydrogen
The move follows the company's decision to transition away from fossil fuels and tap renewables as its primary source of energy
Oil Field
Daily Natural Gas Supply of Deep Sea No.1 Gas Field Hits 10 million Cubic Meters
China’s first self-operated deep-water gas field exploration facility, Deep Sea No.1 built by China National Offshore Oil Corp in the South China Sea, is alrea…
Crude Oil
Barclays Lifts Brent Oil Price Forecast To $80 In 2022
Brent Crude prices are set to average $80 a barrel in 2022, Barclays said on Tuesday, raising its forecast by $3 as it expects slower supply growth next year an…
Crude Oil
Russia’s Oil Reserves Are Becoming Increasingly Hard To Recover
Nearly all of Russia’s oil production will consist of the so-called hard-to-recover crude reserves unless the country speeds up and incentivizes exploration
Natural Gas
China's Sinopec Raises Daily Gas Supply by 10 million cu m to Cope with Cold Snap
Chinese state-owned oil and gas major Sinopec has increased daily natural gas supply to the north of the country by more than 10 million cubic meters in a bid t…
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