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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 …
Oil & Gas Supply
Opec+ JMMC Recommends Sticking to Output Policy
The Opec+ Joint Ministerial Monitoring Committee is recommending sticking to a 400,000 b/d combined crude quota increase for December, two delegates said, even …
Crude Oil
OPEC+ Lgnores Calls For More Crude, Adds Meagre 140,000 Bpd In October
OPEC+ added just 140,000 barrels daily of crude oil last month
Energy Investment
More Investment in Supply Side of Gas Need of the Hour: GECF
As the climate crisis threatens to provoke an energy crisis, the world should approach decarbonisation carefully to prevent artificial acceleration of ‘greenin…
Crude Oil
OPEC Rejects Biden’s Call for More Oil
OPEC+ headed for a clash with the U.S. as more members rejected President Joe Biden’s call for the group to raise oil production faster and help reduce gasolin…
Natural Gas
Northern Ireland Gas Storage Project Secures Greenlight as Prices Skyrocket
The UK government has approved the construction of a gas energy storage project in Northern Ireland amidst an energy crisis caused by natural gas supply constra…
Natural Gas
Natural Gas Prices Plunge As Putin Promises More Supply
Natural gas futures mercifully slipped 10% on Wednesday after Russian President Vladimir Putin promised that the gas-rich nation would send more natural gas to …
OPEC
Opec+ Output up by 650,000 b/d in September
Opec+ output rose sharply in September, pushed higher by production recoveries in Nigeria, Angola and Kazakhstan and by a notable increase from Iraq.
Natural Gas
China Boosts Gas Storage, Supplies Ahead of Winter
China has accelerated gas purchases and storage ahead of winter as the country prioritises meeting its heating needs.
Natural Gas
Unprecedented High Gas Price: Security of Global Supply at Risk?
The price for October future at the TTF Hub reached $1,031 per 1,000 cubic metres.
Natural Gas
Russian Gas Supply Via Yamal-Europe Pipeline Falls by More Than Half
Russian natural gas supplies via the Yamal-Europe gas pipeline on Tuesday fell by more than half from Monday, according to the data from grid operator Gascade, …
Oil & Gas Supply
Norway's August Oil Output Beats Forecast, Gas Lags
Norway's oil production beat official expectations in August, while its natural gas output lagged, preliminary data from the Norwegian Petroleum Directorate sho…
Crude Oil
Goldman Sachs: Here’s How Oil Prices Could Reach $90 This Winter
Brent could reach $90 per barrel if the weather in the northern hemisphere turns out to be colder than normal this winter, Goldman Sachs’ Jeff Currie said on W…
Oil & Gas Supply
OPEC+ Boosts Compliance With Oil Production Cuts To 116%
The OPEC+ group of producers raised their compliance with the ongoing collective production cuts to 116 percent in August, up from 109 percent compliance in Jul…
Oil Price
Oil Rebounds On Tight Global Energy Supply
Oil prices rose early on Tuesday, halting two consecutive days of losses as the global natural gas crunch has the market evaluating the potential of higher dema…
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