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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

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.
CNOOC
13-01-2022

Chinese Oil Major CNOOC Targets Record High Production This Decade
CNOOC set its production target at 600 million to 610 million barrels of oil equivalent (boe) for 2022, up from the 2021 target of 545-555 million boe
Oil Price
13-01-2022

Oil Prices Inch Higher Despite Large Gasoline Build
Crude prices dipped slightly before jumping again after the Energy Information Administration reported an inventory decline of 4.6 million barrels for the week to January 7.
Natural Gas
13-01-2022

Dana Gas and Crescent Petroleum Post 50% Jump in Gas Production in Iraqi Kurdistan
Production from operations in Iraqi Kurdistan over a three-year period reached a record 452 million cubic feet of gas per day at the end of 2021
Crude Oil
13-01-2022

Iraq to Bolster Crude Export Capacity in 2Q
Iraq has completed the installation of new pumps at its southern oil terminals, paving the way for an increase in crude exports.
Crude Oil
12-01-2022

Several Asian Refiners to Receive Full Saudi Crude Allocation in February
Saudi Aramco has notified at least five Asian buyers that it will supply full contractual volumes of crude oil in February, same as January, sources with knowledge of the matter said on Tuesday.
Oil & Gas Trade
12-01-2022

China Boosts Imports Of Cheap Oil From Sanctioned Iran And Venezuela
Chinese refiners imported 53 percent more oil from Iran and Venezuela last year compared to 2020
Crude Oil
11-01-2022

Libya’s El Sharara Crude Field Poised to Restart
Production from Libya's largest field — the 300,000 b/d El Sharara — can restart after an agreement was reached with the Petroleum Facilities Guard.
Oil Field
11-01-2022

Output at Kazakh Tengiz Oil Field Ramping Back up
The Chevron-led Tengizchevroil consortium is gradually restoring production at Kazakhstan's giant Tengiz oil field after civil unrest forced the firm to reduce output by an unspecified amount last week.
Oil Exploration
11-01-2022

Eni Wins Five New Exploration Licences in Egypt
Italian oil and gas company Eni has been awarded five new exploration licences – located in the Eastern Mediterranean Sea, Western Desert, and Gulf of Suez – by the Egyptian Ministry of Petroleum.
Oil & Gas Trade
11-01-2022

Korea's Imports of U.S. Crude Oil Considerably Increases Last Year
As a result, South Korea became the biggest U.S. crude oil importer in Asia last year.
Crude Oil
11-01-2022

China's Largest Offshore Oilfield Yields Over 30M tonnes of Crude Oil
China's largest oil field located in Bohai Bay produced more than 30 million tonnes of crude oil in 2021, top-ranked nationwide.
Natural Gas
11-01-2022

Europe’s Gas Prices Rise On Muted Russian Supply, Cold Weather
Europe’s natural gas prices rose again on Monday as extra supply from Russia continues to be limited, while colder temperatures point to higher demand later this week.
Oil Exploration
11-01-2022

Canadian Overseas Petroleum Ltd Announces Significant U.S. Discovery
In addition, COPL provides an operational update on its Barron Flats Shannon Field production.

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