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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Crude Oil
24-01-2022

OPEC’s Shrinking Capacity Could Send Oil Above $100
The oil market is quickly realizing that many OPEC producers may not have the capacity to boost output much further.
Crude Oil
24-01-2022

Russia’s Oil Output Could Peak In 2023
There are growing doubts as to whether Russia can grow petroleum production to the volumes forecast by Moscow.
Crude Oil
24-01-2022

China's Crude Oil Output Rises in 2021
China's crude oil output reached nearly 199 million tonnes last year, up 2.4 percent from the previous year, official data showed.
Oil & Gas Trade
22-01-2022

Chinese LNG Reload Heads to Europe
Europe is poised to receive a cargo reloaded at a Chinese LNG import terminal, as the region remains the global premium market for LNG and weaker demand leads Chinese firms to resell cargoes.
Natural Gas
21-01-2022

China Is Reselling LNG Cargoes, Driving Gas Prices Lower
Major Chinese LNG importers are now offering to resell some cargoes on the spot market this year, suggesting that China has stocked up more than enough to see it through the winter and easing concerns about the global gas crunch.
Crude Oil
21-01-2022

Norway Recorded Higher Oil & Gas Output in December
Norway’s oil and gas production increased in December 2021 when compared to the previous month but it was slightly below predictions made by the Norwegian Petroleum Directorate.
United States
21-01-2022

US Refining Expects Resurgent 2022
US refiners are set for a shift back toward pre-pandemic profits in 2022, with many expecting Covid-19 restrictions to taper amid rebounding demand for products this year.
Russian Federation
20-01-2022

Russia’s February gas-transit plan leaves Europe in the lurch
Russia is keeping Europe’s natural gas market on edge, with no relief in sight from the country’s preliminary supply plans for next month.
LNG
20-01-2022

Ghana Plans to Become West Africa’s Gas Hub with Import Terminal
Ghana’s state-owned oil company is progressing with plans to sell liquefied natural gas throughout West Africa after shipments of the fuel begin to flow to an import terminal this year.
Crude Oil
20-01-2022

Iraq-Turkey Pipeline Resumes Oil Flows After Explosion
The 450,000-barrels-per-day Kirkuk-Ceyhan pipeline that carries crude from northern Iraq to Turkey’s Ceyhan port for export resumed oil flows on Wednesday after an explosion and a fire interrupted operations on Tuesday
Natural Gas
20-01-2022

Brazil's PetroReconcavo Gas Output Doubles in December
Brazilian onshore natural gas producer PetroReconcavo more than doubled production in December from the prior month on newly acquired operations in the Miranga and Remanso fields.
Oil Refinery
20-01-2022

IEA Revises up 2022 Global Refinery Runs Forecast
The IEA has revised up its 2022 forecast for global refinery runs to within 400,000 b/d of pre-Covid levels.
Oil & Gas Trade
19-01-2022

Algeria-Morocco Dispute Hits LPG Trade
A diplomatic breakdown between Algeria and Morocco has disrupted traditional LPG trading flows, with the former looking east to sell and the latter looking west to buy.
Oil Exploration
19-01-2022

Japan’s Inpex to Start Domestic Exploratory Drilling
Japanese upstream firm Inpex is planning to start exploratory drilling offshore the country's western Shimane and Yamaguchi prefectures in a search for oil and natural gas.
Crude Oil
19-01-2022

Goldman Sachs Sees $105 Oil In 2023
Oil prices could hit $100 this year and rise to $105 per barrel in 2023, on the back of a “surprisingly large deficit” on the oil market now due to the much milder and potentially briefer impact of Omicron on oil demand.
Oil Field
18-01-2022

Libyan Output at 1.2mn b/d After Western Field Restart
Libyan production has surpassed 1mn b/d, following last week's restart of four crude and condensate fields in the west of the country.
Crude Oil
18-01-2022

China Refined A Record Amount Of Crude Oil In 2021
Crude oil processing rates in China reached a record last year
Natural Gas
17-01-2022

3 Key Trends Driving Natural Gas In 2022
Woodmac: Natural gas demand is likely to remain resilient in the short term
LNG
16-01-2022

EU’s Imports Of U.S. LNG Five Times Higher Than Russian Supply
So far this month, the European Union has received U.S. natural gas volumes five times higher than Russia’s pipeline deliveries, according to Polish outlet rp.pl, the first time in history in which American LNG has surpassed Russian gas deliveries.
Oil Price
15-01-2022

Opec+ Quota Gap Widens
Opec+ crude production increased last month but fell short of the 400,000 b/d agreed rise in quotas, as several members struggled to keep pace.
Oil Refinery
15-01-2022

Fire Breaks Out at Kuwait's Mina al-Ahmadi Refinery
Kuwait's state-owned refiner KNPC said a fire broke out a "short while ago" at its 346,000 b/d Mina al-Ahmadi refinery.
Crude Oil
14-01-2022

Indian State Refiners get February Saudi Crude Requests
Indian state-controlled refiners are getting their requested term crude volumes from Saudi Arabia's state-controlled Saudi Aramco for February loading.
Crude Oil
14-01-2022

Tunisia's Energy Output up 33% in 2021 to 4.7mln Tonnes of Oil Equivalent
Energy deficit reached 4.1mln tonnes of oil equivalent
Crude Oil
13-01-2022

IEA Says Oil Demand more Resilient than Expected in the Face of Omicron
Global oil demand has proven stronger than expected as the latest coronavirus variant inflicts a softer hit to the economy than anticipated.
Crude Oil
13-01-2022

OPEC Targeting Oil Prices Below $100, Oman’s Oil Minister Says
OPEC and its allies don’t want crude prices to climb to $100 a barrel, and are reviving production quickly enough to prevent global markets from “overheating,” Oman’s oil minister said.

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