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Oil Price
Goldman: Oil To Hit $80 On Largest Ever Demand Jump
Goldman Sachs expects global oil demand to realize the biggest jump ever over the next six months, the investment bank said on Wednesday, keeping its bullish fo…
Wave Energy
Wave Energy Trial to Power Oil & Gas Platforms
Lundin Energy Norway is collaborating with Ocean Harvesting Technologies on new R&D study to determine if wave energy converters could potentially provide clean…
Oil Refinery
Egypt to Build $7.5bn Petrochemical Complex in Ain Sokhna
Deal aims to meet local production needs and help the country become a regional energy hub
Electrification
Equinor Expands Electrification to Curb Oil and Gas Emissions
Successful commencement of Equinor’s total project pipeline could see the company electrifying over 35% of its total oil and gas production base by 2025 throug…
Energy Security
Oil Tanker Leaks Crude After Collision Near China’s Qingdao Port
A 900-foot crude tanker leaked oil into the ocean just outside China’s biggest refining center, raising the specter of environmental damage and disruption of s…
Oil Refinery
Korean Oil Refineries Offset Weak Oil Demand with Market Diversification
South Korea’s major oil refiners are going all-out to recoup losses from a Covid-19 pandemic-driven slump with market and product diversification.
Market Analysis
These Two Meetings Will Affect Oil And Gold Prices In May
Traders are closely watching two important events this week that are likely to set the tone for oil and gold prices next month.
Crude Oil
Taranto to Take First Seaborne Crude in Months
Italian integrated firm Eni's 84,000 b/d Taranto refinery is preparing to take its first seaborne crude cargo since September as domestic onshore supplies are c…
Crude Oil
Mexico Complying with Opec+ Deal: Energy Minister
Mexico is "complying" with its commitment to Opec+ with crude production just below its target
Natural Gas
Israeli Energy Giant Plans $1.1 billion Gas Deal with UAE Company
The $1.1 billion deal would be the biggest between the countries since they normalised ties.
Nuclear Fusion
Assembly of ITER Magnet System Starts
The sixth Poloidal Field (PF6) coil of the International Thermonuclear Experimental Reactor was inserted into the fusion machine's tokamak pit on April 21.
Energy Technology
Crude Oil Catalytic Cracking Technology Realizes the World's First Industrial Application
Recently, the catalytic cracking technology of crude oil independently developed by the Research Institute of Petrochemical Industry is being tested in Yangzhou…
Oil Field
Israeli Firm to Sell Gas Field Stakes to UAE Company: Statement
Delek is seeking to sell its stake in Tamar, a huge gas field under the Mediterranean some 80 kilometres off the coast of northern Israel
Natural Gas
South Korean Steelmaker POSCO Defends Myanmar Gas Business
About 20 per cent of the Myanmar gas business was used for local consumption including electricity production, contributing to the lives of ordinary people, it …
LNG
France's Total Halts Its Gas Project in Northern Mozambique
Total's declaration of force majeure casts doubt on the future of the gas project, which had been expected to bring large and sustained economic growth to Mozam…
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