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Oil & Gas
Kazakhstan
Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level
Oil Price
24-09-2021
Demand Recovery Leaves $100/bl Oil on Track
Global commodity trading firm Trafigura is maintaining its forecast for oil prices to potentially hit $100/bl late next year, despite the risk of short-term Covid-19 headwinds heading into the northern hemisphere winter.
Crude Oil
23-09-2021
Goldman Sachs: Here’s How Oil Prices Could Reach $90 This Winter
Brent could reach $90 per barrel if the weather in the northern hemisphere turns out to be colder than normal this winter, Goldman Sachs’ Jeff Currie said on Wednesday.
Oil & Gas Trade
23-09-2021
India's Oil Imports Rose to 4-month High in August
Indian refiners mostly buy oil about two months ahead of processing.
Oil & Gas Supply
22-09-2021
OPEC+ Boosts Compliance With Oil Production Cuts To 116%
The OPEC+ group of producers raised their compliance with the ongoing collective production cuts to 116 percent in August, up from 109 percent compliance in July.
Oil Price
22-09-2021
Oil Rebounds On Tight Global Energy Supply
Oil prices rose early on Tuesday, halting two consecutive days of losses as the global natural gas crunch has the market evaluating the potential of higher demand for other fuels in the upcoming winter season.
Crude Oil
22-09-2021
Nigeria Hopeful Opec+ will Grant Baseline Change
Nigeria remains hopeful that the Opec+ group will grant its latest request to raise the baseline from which its crude output quotas are calculated, despite previous attempts being turned down.
Oil Field
20-09-2021
Sinopec Gas Field Announces Big Production Numbers
As the world's first large gas field with buried depth of more than 7,000 meters and a high-sulfur content reef, the gas field is ultra-deep, high temperature, high pressure and boasts a high hydrogen sulfide content.
Oil & Gas Trade
19-09-2021
China's Oil Consumption Seen Peaking Around 2026, Sinopec Exec Says
Natural gas will become China's top fossil fuel resource around 2050
Oil Pipeline
19-09-2021
US, Several EU States Continue to Oppose Nord Stream 2
Lavrov explained that Germany is actively involved in the project and has confirmed its commitment to it.
Natural Gas
18-09-2021
China’s Gas Consumption Growth Potential “Stunning”
China’s natural gas consumption is growing faster than any other country in the Asia-Pacific, a Russian gas CEO said on Friday.
Oil Price
18-09-2021
Oil Falls As Storm-Hit U.S. Supply Trickles Back into Market
Oil prices fell on Friday as energy companies in the U.S. Gulf of Mexico restarted production after back-to-back hurricanes in the region shut output.
Natural Gas
18-09-2021
Brazilian Gas Availability Tops 55mn m³/d in August
Brazilian natural gas available to the market equaled 55.3mn m³/d in August, preliminary data from Brazil's oil and gas regulator ANP shows.
Angola
17-09-2021
GECF Shines the Spotlight on Angola's Potential at Angola Oil and Gas 2021
The Gas Exporting Countries Forum, the global platform of the leading gas producing countries, participated in the 2nd edition of the Angola Oil and Gas Conference, highlighting the immense energy potential of Angola to a global audience.
Crude Oil
16-09-2021
US Gulf operators restore 70pc of Ida-halted oil output
US Gulf of Mexico offshore producers have brought back about 70pc of the oil output that was halted due to Hurricane Ida.
Market Analysis
15-09-2021
IEA Cuts Forecast for India's 2021 Oil Product Demand
The IEA has lowered its 2021 oil products demand growth estimates for India, with notable cuts to its forecasts for diesel and jet fuel consumption.
Crude Oil
15-09-2021
Brent Nears $74 Amid Slow Return of US Oil Output
Brent crude neared $74 per barrel on Monday as it gained 31 cents or 0.42 cents to trade at $73.82 per barrel at the market, while the US West Texas Intermediate crude rose by 34 cents or 0.47 per cent to sell at $70.78 per barrel.
Oil Pipeline
14-09-2021
Germany has Four Months to Certify Nord Stream 2 Pipeline
Russian gas group Gazprom last week said it had finished construction of the pipeline to Germany, which could allow Russia to double gas exports to Europe via the Baltic Sea while bypassing Ukraine
LNG
14-09-2021
China's Sinopec Completes Its First LNG Bunkering Operation
The bunkering, or marine refuelling, operation transferred 250 tonnes of LNG by truck to a China Merchant Shipping vessel
Natural Gas
14-09-2021
U.S. Gas Production Set for Big Increase in 2022 on High Prices
As a result, futures prices for deliveries at Louisiana's Henry Hub in January 2023 are currently trading around $1.15 per million British thermal units below prices for deliveries in January 2022.
LNG
14-09-2021
Petrobras Signs Landmark Gas Supply Deal with Gerdau
Brazil's state-controlled Petrobras signed a natural gas supply agreement with steel producer Gerdau in a debut of its more flexible pricing model designed to compete in the newly opened wholesale market.
Crude Oil
14-09-2021
Opec Lifts Oil Demand Forecast for 2022
Opec has increased its global oil demand forecast for 2022 by almost 1mn b/d, taking it back above 100mn b/d, even though there was some disquiet about this at the group's recent meetings.
LNG
14-09-2021
Samsung Heavy Industries Highly Likely to Win Big LNG Carrier Project from Russia
Samsung Heavy Industries is highly likely to win another big shipbuilding order from Russia.
Oil Price
14-09-2021
Oil Rises to Six-Week High as U.S. Supply Concerns Dominate
Oil prices rose to a six-week high on Monday as U.S. output remains slow to return two weeks after Hurricane Ida slammed into the Gulf Coast and worries another storm could affect output in Texas this week.
Oil & Gas Trade
13-09-2021
Sudan Expects to Reach Oil Products Deal with Saudi Aramco
A delegation of Saudi officials and businesses is in Sudan for two days of talks on potential investments in sectors including agriculture, energy, mining and technology.
Oil Pipeline
11-09-2021
Gazprom Completes Construction Of Nord Stream 2 Gas Pipeline
Gazprom completed early on Friday construction of the Nord Stream 2 pipeline, the Russian gas giant said today, although gas flows on the controversial Russia-led pipeline cannot begin until Germany grants an operating license to the project.
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