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Oil & Gas
Kazakhstan
Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level
LNG
19-02-2021
Woodside Signs new LNG Supply Deal with Germany’s RWE
Australian independent Woodside Petroleum has signed a seven-year, 840,000 t/yr sales and purchase agreement to sell LNG to the energy trading unit of German utility RWE.
Oil & Gas Trade
19-02-2021
U.S. will Import 62% more Crude by 2022 Due to Domestic Production Declines, Says EIA
Throughout much of its history, the United States has imported more petroleum than it has exported.
Oil & Gas Trade
19-02-2021
China Is Fueling The Global Crude Oil Demand Recovery
The world’s top oil importer, China, significantly boosted its crude oil imports at the start of the year compared to the end of last year, helping to support global oil demand despite lockdowns in parts of China and many major European economies.
Crude Oil
19-02-2021
Oil Prices Jump Above $61 On Major Crude Draw
Crude oil prices jumped higher after the Energy Information Administration reported crude oil inventories in the U.S. had shed 7.3 million barrels in the week to February 12.
Crude Oil
18-02-2021
US Crude Output Down Sharply on Storm
Power outages and freezing temperatures have forced US oil producers to shut down or reduce operations significantly, with impacts ranging from 2mn b/d to as high as 3mn b/d according to market sources.
Crude Oil
18-02-2021
India Urges OPEC+ to Ease Production Cuts
"The price-sensitive Indian consumers are affected by rising petroleum product prices," Pradhan said ahead of a March 4 policy-setting meeting of the Organization of the Petroleum Exporting Countries and allies, known as OPEC+.
Oil Price
14-02-2021
Oil Falls Again as Opec and IEA Caution Ends Rally
Brent crude was down 0.8% at $60.67 a barrel on Friday
Oman
08-02-2021
Oman’s Duqm Refinery ' Ore than 75pc' Complete
Construction work on Oman's 230,000 b/d Duqm refinery project has crossed the 75pc mark, operator OQ8 said.
Oil and Gas Equipment
08-02-2021
Installation of Domestically Developed Gas Station Starts in South China Sea
The project will supply one-quarter of the gas demand in the Guangdong-Hong Kong-Macao Greater Bay Area.
Crude Oil
07-02-2021
UAE’s Energy Ambitions Extend Far Beyond Oil
If 2020 taught us anything it was the need for self-sustainability and the drive for cleaner energy moving into the next decade, as oil demand plummeted.
Oil and Gas Equipment
06-02-2021
Ukraine’s Exchange Launches Gas Storage Trading
Ukraine's energy exchange UEEX plans to introduce trading products for gas held in underground storage facilities under the customs-free warehouse regime from late April.
Oil Field
06-02-2021
Equinor Makes Oil Discovery Near Norway's Troll Field
Equinor said in a separate statement that the reservoir is expected to contain between 44 million and 69 million barrels of oil equivalent
Oil Pipeline
05-02-2021
US Gulf CHOPS Crude Pipeline Restarted
Genesis' Cameron Highway Oil Pipeline System in the US Gulf of Mexico resumed service earlier today after being offline since hurricane damage to an associated platform on the line last August.
Oil&Gas Drilling
05-02-2021
Neptune Picks up Permit for North Sea Appraisal Well
The Norwegian Petroleum Directorate has granted Neptune Energy a drilling permit for an appraisal well offshore Norway.
Crude Oil
05-02-2021
Saudi Arabia Raises Oil Prices To U.S. And Europe
The world’s top oil exporter, Saudi Arabia, raised on Thursday the prices of all its crude oil that will go to the United States and Europe in March while leaving unchanged the official selling prices of its crude to its key market in Asia.
OPEC
04-02-2021
Oil Prices Rally As OPEC+ Maintains Its Production Policy
The Joint Ministerial Monitoring Committee of the OPEC+ group wrapped up their monthly meeting on Wednesday in record time and, as widely expected, did not make any recommendation about changing the oil production levels of the alliance.
Crude Oil
04-02-2021
U.S. Oil Production On Course To Hit Record Levels In 2023
U.S. oil production fell sharply in 2020, but the Energy Information Administration is expecting it to pick back up and even set new records in just two years, it said in its much-anticipated annual energy outlook.
LNG
04-02-2021
Russia's Rosneft Looks to Arctic to Ramp up LNG Output
The projects were considered as part of its LNG strategy at a meeting chaired by Deputy Prime Minister Alexander Novak last month
Oil & Gas Trade
03-02-2021
Nigeria's Crude Oil Exports Hit Three-Year Low
West Africa's oil exports slumped to the lowest level in at least three years last month as infrastructure woes for some of Nigeria's biggest streams combined with gradually waning output in Angola.
Crude Oil
03-02-2021
African Members’ Production Troubles Offset OPEC’s Planned Increase
OPEC boosted crude production as planned last month, but the increase was tempered by disruptions at long-troubled member nations.
Crude Oil
03-02-2021
OPEC+ Now Sees Weaker Oil Demand Growth For 2021
OPEC+ expects global oil demand to rise by 5.6 million barrels per day this year—lower estimated growth than OPEC’s assessment of 5.9-million-bpd demand increase from less than three weeks ago.
Oil & Gas Trade
03-02-2021
Petrobras Opens 2021 with Record Oil Exports
Brazil's state-controlled Petrobras says crude exports through its Angra dos Reis terminal reached a record 19.3mn bl in January, the extension of an upward trend in dispatches of mainly pre-salt crude.
Crude Oil
02-02-2021
Iraq Raises Crude Oil Exports In January
Iraq’s oil exports increased slightly in January 2021 compared to December 2020, data from the country’s oil ministry showed on Monday, suggesting that Iraq is again looking to maximize oil revenues at the risk of busting its OPEC+ compliance.
Oil Exploration
02-02-2021
Exxon and Chevron CEOs Discussed Potential Merger
Talks were "preliminary" and are not ongoing, but could be rekindled later.
LNG Carrier
01-02-2021
Demand for Safe Eco-friendly Fuels Rising, LPG-Propelled Ships Expected to Be Built
The Ministry of Oceans and Fisheries announced on Jan. 31 that it approved the Korean Register of Shipping’s vessel inspection regulations regarding LPG-propelled vessels.
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