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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Natural Gas
15-11-2022

German Govt Postpones Decision on Gas Price Brake
The German government is postponing its decision on a gas and electricity price brake that had been planned for Friday, said a government spokesperson.
OPEC
15-11-2022

OPEC Cuts Oil Demand Growth Forecast Again as Economic Challenges Mount
OPEC on Monday cut its forecast for 2022 global oil demand growth for a fifth time since April and further trimmed next year's figure, citing mounting economic challenges including high inflation and rising interest rates.
Oil Price
14-11-2022

Iraq Wants Stable Energy Prices, Prime Minister Says
Iraq is keen to maintain stable oil prices at not more than $100 per barrel, Prime Minister Mohammed Shia al-Sudani told reporters on Saturday.
Natural Gas
14-11-2022

COP27: Israel Says Big Boost in Gas Supply to Europe Will Take Years
Israel will require several years before it can significantly increase its natural gas supplies to Europe, the country's energy ministry said on Friday.
Oil Price
13-11-2022

High Oil Prices Ignite the Middle Eastern IPO Market
Initial public offerings in the Middle East have flourished this year thanks to higher prices that have seen increased investor interest in the region.
Oil & Gas Supply
11-11-2022

The EU's Energy Partnership With Gulf Countries Makes “More Sense Than Ever”
Cooperation between the European Union and the Gulf Cooperation Council is more important than ever, the head of EU foreign policy Josep Borrell said, as quoted by The National, during a visit to the United Arab Emirates.
Crude Oil
11-11-2022

Saudi Arabia to Deliver Full Oil Volumes to Asia Despite Production Cut
Saudi Arabia’s state oil company has assured several buyers in Asia it will deliver full contracted volumes in December despite the OPEC+ decision to cut production.
Crude Oil
11-11-2022

Saudi Energy Minister Stresses the Importance of Oil Security
The world cannot go without Saudi oil exports for more than two or three weeks, Saudi Arabia’s Energy Minister, Prince Abdulaziz Bin Salman.
Natural Gas
11-11-2022

Russia to Pursue Gas Deals With Turkey at G20
Russia is set to announce its plans for gas deals with Turkey at the G20 meeting in Indonesia next week, Russia’s foreign ministry said on Thursday.
Natural Gas
10-11-2022

Natural Gas Prices Slide as Bearish News Continues to Mount
The U.S. Henry Hub natural gas contract continued to sell off on Wednesday afternoon after having recorded steep losses at the beginning of the week.
OPEC
10-11-2022

Iraq Respects OPEC+ Deal, Wants to Raise Revenue per Barrel of Oil
Iraq's oil ministry respects the OPEC+ agreement to achieve global market stability.
Natural Gas
10-11-2022

Eni Can Double Italian Gas Production in 30-36 Months, CEO Says
In the next two and a half to three years Eni could almost double its gas production in Italy, the energy group's CEO said on Wednesday.
Oil Price
10-11-2022

IEA's Birol Says $100 Oil 'Real Risk' for Economy
The head of the International Energy Agency (IEA) said on Wednesday oil prices "flirting with $100" were a real risk for the global economy.
LNG
10-11-2022

EU Risks 30 Bcm Gas Shortage in 2023 Storage Filling Season - Von Der Leyen
The European Union risks falling short of some 30 billion cubic metres (bcm) of gas during the next storage filling season in 2023.
OPEC
10-11-2022

Iraq's October Oil Output in Line With OPEC+ Quota, SOMO Data Show
Iraq produced 4.651 million barrels per day (bpd) of crude in October, down by 11,000 bpd from September.
Crude Oil
10-11-2022

EIA Cuts World Oil Demand Growth for 2023
The U.S. Energy Information Administration has slashed its world oil demand growth forecast for next year as President Biden lashed out at oil companies for not expanding supply, and as OPEC+ moved last month to cut production targets by 2 million bpd.
Oil Price
10-11-2022

European Commission Says Gas Price Cap Is Impossible
The European Commission told countries at a Monday seminar this week that there was no way to create a gas price cap as previously requested by EU leaders.
LNG
09-11-2022

Canadian LNG Exports to Asia Could Cut Emissions by the Equivalent of Removing All Vehicles From Canadian Roads, New Study Shows
Canadian liquefied natural gas (LNG) exports to Asia could reduce annual emissions by the equivalent of removing every single car from Canadian roads.
Oil Pipeline
08-11-2022

Curbing Oil Theft Has Helped Pipeline Availability, Nigeria LNG Says
Nigeria LNG said there had been an improvement in the availability of some oil pipelines since the government and state oil firm NNPC LTD stepped up efforts in August to combat theft.
Oil Price
08-11-2022

Euro Could Stay Below Dollar for as Long as Natural Gas Prices Remain High
The euro is on course to stay below parity with the US dollar for some time if gas prices do not fall markedly.
Oil&Gas Drilling
08-11-2022

Biden Says “No More Drilling” at a Rally
“No more drilling…there is no more drilling,” said U.S. President Joe Biden at a campaign rally in New York state on Sunday when asked by a person in the crowd about drilling on federal land and in federal waters.
Oil Price
07-11-2022

Saudi Arabia Cuts Oil Prices for Asia
Saudi Arabia has lowered its official selling prices for oil for all its Asian clients, with the flagship Arab Light for December delivery now priced $0.40 lower.
Natural Gas
07-11-2022

Enbridge Greenlights C$3.6 Billion Gas Pipeline Expansion in Canada
Canadian energy infrastructure firm Enbridge Inc on Friday announced a C$3.6 billion expansion of the southern segment of its British Columbia (B.C.) gas pipeline system after strong demand from customers.
Crude Oil
04-11-2022

UAE Believes the Oil Industry Is in “Decline Mode”
Crude oil is in “decline mode” in the long term, OPEC heavyweight the United Arab Emirates (UAE) says.
Natural Gas
04-11-2022

Azerbaijan Needs Investment in Order to Boost European Gas Flows
Azerbaijan will need investment and long-term purchase commitments if it is to double its natural gas supply to the European Union.

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