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Oil & Gas
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.
Oil & Gas
Opec+ Adds Around 700,000 b/d in July
The Opec+ group added 680,000 b/d to its crude output last month, boosted by higher quotas and the end of Saudi Arabia's extra cut.
Oil & Gas
Libyan Crude Output could Rise 200,000 b/d by Year-End: OMV Executive
Libya has the potential to boost its oil output by as much as 200,000 b/d by the end of the year, depending on the security situation, an executive from Austria
Oil & Gas
China’s Crackdown on Excess Capacity to Impact Crude Oil Imports
China’s drive to lower emissions, is expected to have a negative impact on crude oil imports from private refineries.
Oil & Gas
Libya Looks To Boost Oil Production To 1.6 Million Bpd In 2022
Libya could boost its oil production to 1.6 million barrels per day by the middle of 2022 if the industry has the necessary funding
Oil & Gas
Till World Shifts to Green Energy, Split Between Saudi and UAE Won't End
It is not geopolitical relationship that will cause the two countries to part, but diverging perceptions of energy transition.
Oil & Gas
VLCC Owners Stand to Gain from OPEC’s Decision to Raise Crude Oil Production
Owners of the largest crude oil tankers stand to gain from the recent OPEC’s decision to increase production.
Oil & Gas
Shell Delivers First Gas from Barracuda Project
Shell Trinidad and Tobago announced that production has started on Block 5C in the East Coast Marine Area in Trinidad and Tobago.
Oil & Gas
Goldman Cuts Q3 Brent Forecast to $75 a Barrel
Oil prices fell $5 a barrel on Monday in response to fears over the hit to demand from rising Delta coronavirus infections and an OPEC+ agreement to boost outpu
Oil & Gas
Brazilian Gas Availability up by 4.5pc in June
The amount of Brazilian natural gas output offered to the market after flaring, loss and reinjection rose by 4.5pc in June from a year earlier and by 1.7pc from
Oil & Gas
OPEC+ is Boosting Oil Production, Ending Dispute that Shook Energy Markets
OPEC+ agreed to increase oil production Sunday, as demand roars back and prices surge, ending a dispute between the United Arab Emirates and Saudi Arabia.
Oil & Gas
OPEC Sees World Oil Demand Reaching Pre-Pandemic Level in 2022
OPEC said that that demand next year would rise by 3.4% to 99.86 million barrels per day, averaging more than 100 million bpd in the second half of 2022.
Oil & Gas
Oil Prices Drop After Saudi-UAE Reach Output Compromise
The deal between the two Gulf producers means that members of the Petroleum Exporting Countries (OPEC), Russia and other producers, a group known as OPEC+, will
Oil & Gas
OPEC+ Deadlock is Bad News for Oil Producers and Consumers, IEA Warns
The International Energy Agency on Tuesday warned that world oil markets are likely to remain volatile following a breakdown in talks between OPEC members and t
Oil & Gas
Singapore Fuel Oil Inventories Sink to Over 3-Month Low
Singapore residual fuel oil inventories fell 5% in the week ended July 7, dropping to a 3-1/2 month low despite steady net import volumes, official data showed
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