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Oil & Gas
Saudi Arabia To Ship Extra Crude Oil To Asia In November
The world’s largest oil exporter, Saudi Arabia, will ship additional volumes of crude to at least three refiners in Asia in November
Oil & Gas
Oman's September Crude Output Edges up to 764,000 b/d
Oman's crude oil output edged up in September, marking a seventh straight monthly increase as the Opec+ group, of which it is a member, continues to unwind its
Oil & Gas
ExxonMobil Increases Stabroek Resource Estimate to Approximately 10 Billion Barrels
ExxonMobil increased its estimate of the discovered recoverable resource for the Stabroek Block offshore Guyana to approximately 10 billion oil-equivalent barre
Oil & Gas
Oil Rises 4% in Week as Energy Crunch Shows no Signs of Easing
Even with worldwide demand growing as economic activity rebounds from pandemic lows, the Organization of the Petroleum Exporting Countries and allied producers
Oil & Gas
Iraq in Advanced Talks with IOCs Over Boosting Oil Capacity to 8 mil b/d by 2027
Iraq, OPEC’s second-biggest producer, is in advanced talks with international oil companies over boosting the country’s production capacity to 8 million b/d b
Oil & Gas
US Imports of Canadian Crude up as Line 3 Starts
Early signs that new pipeline capacity out of Canada is now supplying crude to the US came this week as preliminary data from the US EIA showed a notable rise i
Oil & Gas
Oil Price Falls for Second Day as Supply-Driven Rally Peters Out
Brent crude was down $1.03 or 1.3% at $78.06 a barrel by 0130 GMT, having fallen nearly $2 on Tuesday after touching $80.75, its highest in nearly three years.
Oil & Gas
DNO Makes Small North Sea Oil Find. Another Well Comes Up Dry
Oil and gas operator DNO has made a small oil discovery on the Gomez prospect in one of its operated licenses in the Norwegian part of the North Sea.
Oil & Gas
Eni Adds New Field to Angola's Olombendo Crude Grade
Italian integrated oil firm Eni has started crude production from the Cabaca North project in Angola's deepwater block 15/06.
Oil & Gas
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
Nigeria Hopeful Opec+ will Grant Baseline Change
Nigeria remains hopeful that the Opec+ group will grant its latest request to raise the baseline from which its crude output quotas are calculated, despite prev
Oil & Gas
US Gulf operators restore 70pc of Ida-halted oil output
US Gulf of Mexico offshore producers have brought back about 70pc of the oil output that was halted due to Hurricane Ida.
Oil & Gas
Brent Nears $74 Amid Slow Return of US Oil Output
Brent crude neared $74 per barrel on Monday as it gained 31 cents or 0.42 cents to trade at $73.82 per barrel at the market, while the US West Texas Intermediat
Oil & Gas
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
Oil & Gas
Oil Rises to Six-Week High as U.S. Supply Concerns Dominate
Oil prices rose to a six-week high on Monday as U.S. output remains slow to return two weeks after Hurricane Ida slammed into the Gulf Coast and worries another
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