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Oil Price
Global Oil Prices to Recover in 2021, Reaching $44 pb: World Bank
In its semi-annual commodity markets outlook report, which focused on the impacts of the COVID-19 pandemic on such markets, the WB said that oil prices are expe…
Coal-Fired Power Plants
Oil-Rich UAE Turning to Coal-Fired Power
"The use of coal in power generation is squeezed by low-carbon generation, including hydro, wind, solar and nuclear power, which have been less affected by the …
Oil Shale
Argentina to Subsidize Shale Gas Production With $5.1 Billion
Argentina will give subsidies of a total of US$5.1 billion to shale gas drillers in an attempt to revive production in its Vaca Muerta shale play and attract as…
Crude Oil
Biden's Warning on Oil Tests Voter Resolve on Climate Change
The plan implied that he would wean the U.S. off oil and gas, but Biden wasn't so explicit about the industry's fate - until Thursday night.
Oil & Gas Trade
US Crude Stocks Dip, Gasoline Inventories up: EIA
US crude stocks and distillate inventories fell while gasoline inventories rose, the Energy Information Administration said on Wednesday.
Carbon Neutral
China CNOOC Says to Raise Gas' Share to Half of Output by 2035
China's national offshore oil and gas producer CNOOC Ltd said on Thursday it aims to raise the share of natural gas to make up half of its total output by 2035 …
CNPC
CNPC Open Day In Madeisland：Myanmar-China Oil and Gas Pupeline Project
On August 25, the first stop of the "Open Day" of CNPC's overseas projects-the China-Myanmar oil and gas pipeline project "Cloud Open" was officially launched.
Oil Price
Oil Prices Rebound On Small Crude Draw
Crude oil prices rose today after the Energy Information Administration reported a crude oil inventory decline of 1 million barrels for the week to October 16.
LNG
The World’s Largest Oil Trader Just Sent LNG Prices Soaring
Three trades for liquefied natural gas cargoes executed by commodity trading major Vitol made the company the talk of the LNG town as it pushed the Asian region…
Oil & Gas Trade
PGNiG to Buy Danish Offshore Gas from Ørsted
Danish offshore wind developer Ørsted has signed a deal to sell gas to Polish oil and gas company PGNiG under a multi-year contract.
Oil&Gas Drilling
South Australia Eyes more Gas Exploration
Private-sector exploration expenditure will increase from A$158mn a year in 2018 to a sustainable average of A$300mn a year by 2025, the SA government said.
LNG
Total Ships First Carbon Neutral LNG Cargo to CNOOC
Total delivered its first carbon-neutral LNG cargo to China's state-controlled CNOOC on 29 September, the third such cargo that the Chinese firm has received th…
Oil & Gas Trade
India Allows UAE's ADNOC to Export Oil from Strategic Reserve
Allowing ADNOC to export its oil mirrors a model adopted by countries such as Japan and South Korea which allow oil producers to re-export crude storage. India …
Malaysia
Malaysia: Five Petroleum Official Launch
Five Petroleum Malaysia made its debut earlier this year, and has now made official launch of its Ultimaxx range of fuels and integrated!
Oil Field
Suncor May Sell Stake In North Sea Oilfields
Canada’s Suncor Energy is considering selling part of its assets in the North Sea amid a wave of consolidation in the mature offshore basin.
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