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Oil Refinery
IEA Revises up 2022 Global Refinery Runs Forecast
The IEA has revised up its 2022 forecast for global refinery runs to within 400,000 b/d of pre-Covid levels.
Oil & Gas Trade
Algeria-Morocco Dispute Hits LPG Trade
A diplomatic breakdown between Algeria and Morocco has disrupted traditional LPG trading flows, with the former looking east to sell and the latter looking west…
Oil Exploration
Japan’s Inpex to Start Domestic Exploratory Drilling
Japanese upstream firm Inpex is planning to start exploratory drilling offshore the country's western Shimane and Yamaguchi prefectures in a search for oil and …
Hydrogen Project
GB Gas Operators Ready to Supply Blended Hydrogen from 2023
Up to 20% blended hydrogen will be deliverable in the GB’s gas networks from winter 2023.
Crude Oil
Goldman Sachs Sees $105 Oil In 2023
Oil prices could hit $100 this year and rise to $105 per barrel in 2023, on the back of a “surprisingly large deficit” on the oil market now due to the much m…
Oil Field
Libyan Output at 1.2mn b/d After Western Field Restart
Libyan production has surpassed 1mn b/d, following last week's restart of four crude and condensate fields in the west of the country.
Crude Oil
China Refined A Record Amount Of Crude Oil In 2021
Crude oil processing rates in China reached a record last year
Hydrogen Project
New Mexico to Slash Greenhouse Gas Emissions with Hydrogen
New Mexico wants to cut its greenhouse gas emissions by at least 45% below 2005 levels in 2030 with the help of green hydrogen as it focuses on clean and domest…
Natural Gas
3 Key Trends Driving Natural Gas In 2022
Woodmac: Natural gas demand is likely to remain resilient in the short term
Hydrogen Project
Enbridge Gas Launches First-of-Its-Kind hydrogen-blending project in North America
Utility Enbridge Gas in partnership with technology firm Cummins has kickstarted a CAD$5.2 million hydrogen-blending pilot in Markham, Ontario in Canada.
LNG
EU’s Imports Of U.S. LNG Five Times Higher Than Russian Supply
So far this month, the European Union has received U.S. natural gas volumes five times higher than Russia’s pipeline deliveries, according to Polish outlet rp.…
Oil Price
Opec+ Quota Gap Widens
Opec+ crude production increased last month but fell short of the 400,000 b/d agreed rise in quotas, as several members struggled to keep pace.
Oil Refinery
Fire Breaks Out at Kuwait's Mina al-Ahmadi Refinery
Kuwait's state-owned refiner KNPC said a fire broke out a "short while ago" at its 346,000 b/d Mina al-Ahmadi refinery.
Crude Oil
Indian State Refiners get February Saudi Crude Requests
Indian state-controlled refiners are getting their requested term crude volumes from Saudi Arabia's state-controlled Saudi Aramco for February loading.
Geothermal Power Plant
DOE awards $8.4M for Accessing Geothermal Potential from Abandoned Oil and Gas Wells
The US DOE selected four new projects to receive up to $8.4 million to establish new geothermal energy and heat production from abandoned oil and gas wells.

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