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Natural Gas
Brazilian Gas Availability Tops 55mn m³/d in August
Brazilian natural gas available to the market equaled 55.3mn m³/d in August, preliminary data from Brazil's oil and gas regulator ANP shows.
Natural Gas
U.S. Gas Production Set for Big Increase in 2022 on High Prices
As a result, futures prices for deliveries at Louisiana's Henry Hub in January 2023 are currently trading around $1.15 per million British thermal units below p…
LNG
Petrobras Signs Landmark Gas Supply Deal with Gerdau
Brazil's state-controlled Petrobras signed a natural gas supply agreement with steel producer Gerdau in a debut of its more flexible pricing model designed to c…
Crude Oil
Opec Lifts Oil Demand Forecast for 2022
Opec has increased its global oil demand forecast for 2022 by almost 1mn b/d, taking it back above 100mn b/d, even though there was some disquiet about this at …
Crude Oil
Libya can Pump 2 million bpd of Oil by End 2022 Under $1.1bn Spending Plan: Finance Minister
Libya’s oil output could rise to 2 million barrels per day by the end of 2022 if the industry is given the $1.1 billion it has been allocated in the budget, ac…
Crude Oil
Nigeria Struggles to Meet OPEC’s Crude Oil Quota
Despite requesting for a higher baseline in August, Nigeria failed to meet the existing crude oil supply quota allocated to it by the Organisation of Petroleum …
Oil & Gas Supply
Gulf Of Mexico Shut-In Production Rises To 1.7 Million Bpd
The amount of shut-in oil production in the Gulf of Mexico rose by 240,000 bpd between Wednesday and Thursday, to over 1.7 million bpd, the Bureau of Safety and…
Crude Oil
Oil Rises After Opec+ Agrees to more Supply
Group's joint ministerial monitoring committee expects a surplus of 2.5 million bpd in 2022
OPEC
OPEC+ Ignores Biden, Keeps Output Plans Unchanged
The September meeting of OPEC+ today wasn’t expected to erupt in vehement disagreements.
Crude Oil
OPEC Stays the Course on Output Hikes As Oil Prices Rebound
OPEC and its allies are expected to press on with their planned revival of oil production when they meet next week, as prices bounce back from their August stum…
LNG
Kuwait Raises Its Liquefied Gas Shipments to 8 Ships a Month
The sources said the gas import facilities, which were inaugurated last July, have succeeded in receiving about 25 gas shipments so far, saying each ship carrie…
Oil & Gas Supply
Oil Company Stops Supplying Lebanon with Petrol
Coral Oil Company, operating in Lebanon since 1926, said the "unprecedented" halt to its operations comes as its current stocks run dry
Oil Price
Oil Price Slides Towards July Low as US Output Rises for Second Week
The price of oil slips to a fresh weekly low despite a larger-than-expected decline in US inventories, with crude on the cusp of taking out the July low as US p…
LNG
Australia Faces "Precarious" Gas Supply in 2022, Watchdog Warns
The report paints a more dire picture than the Australian Energy Market Operator gave in March, when it said plans by billionaire Andrew Forrest to have an LNG …
Oil & Gas Trade
Russian Novatek Expands Its LNG Supply to Vietnam
Russia’s largest independent natural gas producer Novatek has established its representative office in Hanoi to supply LNG to the Vietnamese market.
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