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Oil & Gas

Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level

Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level

Crude Oil
25-10-2021

China's Crude Oil Output Picks up in September
China's crude oil production rose 3.2 percent year on year to 16.61 million tonnes in September, according to the National Bureau of Statistics.
Oil Price
25-10-2021

Wall Street Projects a “Higher for Longer” Era for Oil Prices
Could the era of cheap oil supply be gone for good? That’s the conclusion of some of the biggest commodities desks on Wall Street, where banks have been lifting their long-term price forecasts, often by $10 or more.
Oil Exploration
25-10-2021

QatarEnergy Signs Deal with ExxonMobil Canada on Farm-in Exploration License
QatarEnergy has signed a deal for a 40% stake in one of ExxonMobil’s major offshore explorations in Canada.
Natural Gas
25-10-2021

Refiners Suffer From Record High Natural Gas Prices
Record natural gas prices in Europe and Asia are eroding oil refiner margins
Oil and Gas Equipment
21-10-2021

Largest North China Gas Storage Facility Starts up
China's state-controlled Sinopec's Wei11 gas storage facility commenced operations on 18 October, marking the completion of the largest group of underground gas storage facilities in north China with total storage capacity of 10.03bn m³.
Oil Refinery
21-10-2021

Dalian Revives Plan to Relocate PetroChina Refinery
But the long-mooted plan faces financial and potential regulatory hurdles and may increase petrochemical competition in the region.
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.

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