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Crude Oil
U.S. Oil Rig Count Jumps Along With Crude Prices
The number of active drilling rigs in the United States last week rose by 7, bringing the total to 586 as oil prices remain relatively strong despite the fresh …
Colombia
Colombia’s Oil, Natural Gas Reserves Said Rapidly Dwindling
Colombia’s oil and gas production along with its proven reserves are falling and investment will likely fail to recover to pre-Covid-19 pandemic levels this de…
OPEC
Opec Revises Higher Call on Its Own Crude in 2021-22
Opec has revised higher the 2021 and 2022 forecast call on its own members crude as it increased oil demand expectations for both years, saying it expects the C…
Crude Oil
Colombia Desperately Needs To Ramp Up Its Oil Production
The COVID-19 pandemic has taken a particularly harsh toll on Colombia’s economically-dependent oil and gas industry.
Crude Oil
BP Says Global Oil Demand has Passed 100 million Barrels per day
As world leaders discuss the fight against climate change, global oil demand has bounced back above the key level of 100 million barrels a day last seen before …
Microgrid
Australia’s Largest Hybrid Renewable Microgrid Officially Opened
After successful commissioning at the height of the COVID-19 pandemic, the Agnew Hybrid Renewable Microgrid was today officially opened in a celebration attend…
Cooperation case
China Remains Africa's Top Trading Partner for 12 years
China had remained Africa's largest trading partner for 12 consecutive years by the end of 2020, despite the headwinds of the COVID-19 pandemic.
Oil Price
Demand Recovery Leaves $100/bl Oil on Track
Global commodity trading firm Trafigura is maintaining its forecast for oil prices to potentially hit $100/bl late next year, despite the risk of short-term Cov…
India
Adani Calls for Global Unity in Managing Climate Crisis
Billionaire industrialist Gautam Adani Tuesday called for implications of Covid-19 in India, the relevance of country's democratic system for doing business and…
Market Analysis
Global Electric Power Demand Surges Above Pre-pandemic Levels
Electricity demand and emissions are now 5% higher than where they were before the Covid-19 outbreak, which prompted worldwide lockdowns.
Oil Price
Oil Settles up 3%, Boosted by Mexican Oil Rig Outage, U.S. Vaccine Approval
Oil prices rose 3% on Tuesday, supported after Mexico suffered a large production outage due to a fire on an oil platform and also by full U.S. regulatory appro…
LNG
Post-COVID-19 Recovery of LNG Market: What’s Next?
The global economy is cautiously walking away from the shadow of the unprecedented challenge of the COVID-19 pandemic.
Cooperation case
Joint Construction of BRI Makes Progress in H1: NDRC
Strengthened pandemic control efforts by related Chinese enterprises prevented wide spread of COVID-19 in areas where BRI projects are located, according to Men…
Crude Oil
Covid Resurgence in China Drives Global Oil Demand Concerns
China is renewing restrictions and canceling flights as a Covid-19 resurgence in Asia’s top oil consumer sends jitters across the crude market.
Vietnam
Renewed Lockdown to Limit Vietnam's Gasoline Demand
Net importer Vietnam's gasoline demand is expected to take another hit as part of the country returns to a lockdown with rising Covid-19 cases.
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