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Crude Oil
IEA Says Refining Throughput Set for Quarterly Rise
Global refining throughput will increase in the last quarter of the year by more than 2 million barrels per day, the International Energy Agency said on Wednesd…
Hydropower Plant
Lukoil Completes Reconstruction of Krasnopolyanskaya’s Hydraulic Structures
Lukoil has finished reconstruction work on the hydraulic structures at the Krasnopolyanskaya hydropower complex in the Krasnodar region, Russia, increasing the …
Oil Price
Sudan: Govt To End Fuel Subsidy
The government is preparing for the removal of fuel subsidy, informed the Sudanese Minister of Energy and Mining.
Oil & Gas Trade
China Books 12.7% Rise In Oil Imports Jan-Sept
China imported 416 million tons of crude oil during the first nine months of the year, up 12.7 percent on the year, in the latest positive sign for oil demand d…
Oil Price
Morgan Stanley Sees Oil Prices Struggling To Break Above $50
Oil prices will struggle to rise above $50 a barrel because of the technological shift in U.S. shale that has unlocked more production in recent years, and beca…
Oil Field
Gazprom Makes ‘Substantial’ Gas Find in Kara Sea
Russian energy giant Gazprom has found another gas deposit at the Leningradskoye field in the Kara Sea which is part of the Yamal gas production centre.
Oil Price
Oil Refining Companies Hit by Triple Whammy
South Korean oil refining companies face a triple whammy.
Market Analysis
IEA: Natural Gas Demand To See Largest Drop Ever In 2020
Despite some uptick in consumption in recent months, the world’s demand for natural gas is still set to see its biggest drop on record in 2020.
Market Analysis
Goldman Sachs: Biden Win Is Bullish For Oil
A Joe Biden win at next month’s U.S. elections will likely be an upward catalyst for oil prices because it will increase costs for the shale patch and will lik…
Oil Price
The Next Couple Of Months Are Crucial For U.S. Oil
The U.S. oil industry faces a bumpy road to recovery from the steepest slump in oil demand in history.
Oil&Gas Drilling
Hibiscus Petroleum Buys into 3D Oil License off Australia
Malaysia’s Hibiscus Petroleum has completed its 50 per cent acquisition of interest in the exploration permit VIC/P74 offshore Australia from 3D Oil.
Crude Oil
Libya to Resume Oil Production at Largest Field Amid Talks
Libya's prized, light crude has long featured in the North African country's civil war with rival militias and foreign powers jostling for control of Africa's l…
Oil Field
BP Starts Oman's Giant Ghazeer Gas Field
BP started production at Oman's giant Ghazeer natural gas field in Oman which is set to underpin the company's oil and gas output for years even as it shifts to…
Iran
Iran Names New Opec National Representative
Iran's oil minister Bijan Namdar Zanganeh has appointed Afshin Javan as the country's new national representative to Opec, replacing Mohammad Taeb, who had been…
Oil Field
Russian LUKOIL Proceeds with Filanovsky Field Phase Two Development
The second phase aims to keep oil production at the planned rate of 6 million tonnes a year.
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