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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Crude Oil
16-10-2021

Saudi Energy Minister Dismisses Calls for Extra OPEC+ Barrels
OPEC leader Saudi Arabia dismissed calls for speedier oil output increases, saying its efforts with allies were enough and protecting the oil market from the wild price swings seen in natural gas and coal markets.
Crude Oil
15-10-2021

IEA: Global Energy Crisis Could Boost Oil Demand by 500,000 barrels per day
But Britain could run out of gas this winter, says Ineos chief Sir Jim Ratcliffe
Oil Refinery
15-10-2021

Mexico’s Tula Refinery Halted Since Last Week
Mexico's 315,000 b/d Tula refinery in the state of Hidalgo stopped processing crude late last week because of full product stocks after a rail blockade choked its main shipping route, a source from the plant told Argus.
Crude Oil
14-10-2021

ANALYSIS: Brent Crude Oil Price may Rise to $85.04 per Barrel
Even though there is early sign of the uptrend continuation, the resumption may not be confirmed until oil breaks $84.02, because the bullish momentum does not look strong enough to confirm the continuation.
Natural Gas
14-10-2021

Northern Ireland Gas Storage Project Secures Greenlight as Prices Skyrocket
The UK government has approved the construction of a gas energy storage project in Northern Ireland amidst an energy crisis caused by natural gas supply constraints.
Crude Oil
13-10-2021

Platts: OPEC+ Is Producing Less Crude Than It's Supposed To
OPEC+ is producing less oil than it is supposed to, a survey by Platts has revealed, as cited by Forex Live.
LNG
13-10-2021

Pakistan Struggles To Find LNG Amid Gas Crisis
Pakistan is looking to buy liquefied natural gas for the winter, but it couldn’t find any sellers in a recent tender, which highlights the fact that the natural gas market in Asia is tight.
Crude Oil
12-10-2021

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
Natural Gas
11-10-2021

Natural Gas Prices Plunge As Putin Promises More Supply
Natural gas futures mercifully slipped 10% on Wednesday after Russian President Vladimir Putin promised that the gas-rich nation would send more natural gas to Europe.
Market Analysis
11-10-2021

Global Oil Demand Seen Returning to Pre-Pandemic Levels Within a Year: Moody's
The ongoing recovery in demand, rising costs and reduced levels of inventory as of September 2021 will continue to support strong momentum in oil prices.
Crude Oil
11-10-2021

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 production cuts.
Oil Exploration
09-10-2021

4 Offshore Contracts Signed for Hydrocarbon Exploration and Production; Investments will Total US$1.4 billion
The National Hydrocarbons Agency and Anadarko Colombia Company signed 4 contracts for the exploration and production of hydrocarbons in the Colombian Caribbean, with investment commitments of approximately US$1.4 billion.
Crude Oil
09-10-2021

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 barrels.
OPEC
09-10-2021

Opec+ Output up by 650,000 b/d in September
Opec+ output rose sharply in September, pushed higher by production recoveries in Nigeria, Angola and Kazakhstan and by a notable increase from Iraq.
LNG
09-10-2021

Vietnam Approves New $2.3 bln LNG Project
The plant, which is based in the central province of Quang Tri, will have an initial capacity of 1,500 MW, the government said in a statement
Crude Oil
09-10-2021

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 this week said they would remain on the path of gradually bringing back production.
Natural Gas
08-10-2021

Natural Gas Prices Drop as Putin Says Russia will Boost Supplies to Europe
According to trading data from the ICE, the price of November gas futures on the Dutch TTF index started trading at almost $1,260 per thousand cubic meters on Thursday, then briefly jumped to $1,370 at 6:13am GMT and later show
Crude Oil
08-10-2021

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 by end of 2027, its oil minister said Oct. 6.
Crude Oil
08-10-2021

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 in US imports.
Natural Gas
08-10-2021

Defining Moment for the World on Natural Gas: GECF Annual Workshop
The cleanest of all the fossil fuels has entered its most defining moment as the world gets back to the twin ambitions of economic recovery and sustainable progress
LNG
08-10-2021

LNG Binding Producers-Consumers Together in Abruptly Changing Energy Landscape
However, he warned, the industry is increasingly being challenged by policies slanted against fossil fuels, which may lead to lack of financing and investment across the sector.
Natural Gas
06-10-2021

Qatar Energy Minister Says Current Gas Market Conditions Unhealthy
Kaabi said it was time to "set aside emotions" and realise that a successful energy transition cannot be achieved by producers alone and that it must be a joint effort including end- users.
Natural Gas
02-10-2021

Brazil Prepares Moves to Smooth Gas Market Opening
The Brazilian government is preparing a new resolution to solve some of the most urgent pending matters in the soon-to-be-liberalized natural gas market.
Natural Gas
01-10-2021

China Boosts Gas Storage, Supplies Ahead of Winter
China has accelerated gas purchases and storage ahead of winter as the country prioritises meeting its heating needs.
Oil Price
01-10-2021

UAE Petrol Prices to Edge Higher in October
Motorists across the Emirates will pay more at the pumps for both petrol and diesel

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