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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Oil Price
22-04-2020

The Worst Is Yet To Come For Oil Prices
Dashing hopes for some oil producers who may have thought negative prices were a weird quirk, the June WTI contract fell sharply on Tuesday.
Oil Price
21-04-2020

What’s Next For Oil As Prices Go Negative?
Oil prices crashed through zero, closing out the day at -$37 per barrel, an unprecedented meltdown.
Oil & Gas Trade
21-04-2020

Will Look into Halting Oil Import from Saudi Arabia, Says Trump
US President Donald trump said on Monday that the us would consider stopping oil imports from Saudi Arabia.
Crude Oil
21-04-2020

China Doubled Crude Oil Storage Inflows During Coronavirus Demand Hit
China pushed crude oil into storage tanks almost twice as fast in the first quarter of this year as it did in the same period in 2019.
SINOPEC
21-04-2020

LNG Tanker Maran Gas Vergina to Discharge First US Cargo in China in 13 Months
The tanker Maran Gas Vergina has arrived in China with the first delivery of US liquefied natural gas in 13 months.
Oil Price
21-04-2020

Oil Price Plunges to 22-Year Low on Concerns Over Storage, Weakening Economies
Oil prices fell Monday, with a U.S. crude futures contract hitting its lowest level since 1998.
Oil & Gas Trade
21-04-2020

U.S. Natgas Trading at Parity with Oil after Crude Price Collapse
The rapid collapse of U.S. oil futures this year caused crude’s premium over natural gas to drop to near parity on.
Oil Price
21-04-2020

Oil Price Collapses to Below Zero as Demand Takes a Dive During Pandemic
A key sector of us oil trading collapsed on Monday.
Oil & Gas Trade
20-04-2020

African Oil Producers to Readjust Fuel Production in Line with OPEC Advisory
APPO members have committed to cutting daily oil production to 10 million barrels a day, with effect from May 1 2020.
LNG
20-04-2020

Construction of First Gas Storage Cluster Begins in Western China
The construction of China's first natural gas storage cluster has begun in the west of the country, with total investment reaching 7 billion yuan ($990 million).
Oil Price
20-04-2020

Russia & Saudi Arabia Ready to Make Deeper Joint OPEC+ Output Cuts to Boost Oil Prices
According to the Russian Energy Ministry, both countries are firmly committed to fulfilling the OPEC+ deal on cutting oil output.
Crude Oil
20-04-2020

OPEC Still has an Important Role to Play in Global Oil Market
Scan Western news about OPEC from the last few years, and a common observation tends to appear: OPEC had a huge influence on the global oil market back in the day.
Oil Price
20-04-2020

Oil Plummets 21% to 21-Year Low as Sinking Demand Spurs Uncertainty Around Storage
Oil prices fell to a 21-year low on Sunday night as uncertainty over a supply glut intensified.
Oil Price
20-04-2020

Oil Prices Hit $15 For The First Time In 21 Years
A gruesome combination of crumbling demand for crude and global storage filled to its brim has pushed oil prices to levels not seen in over two decades.
Crude Oil
20-04-2020

India Records Lowest Crude Oil Production in at Least 18 Years
India's domestic crude production will fall to 32.173 million tonnes in 2019-2020.
Crude Oil
20-04-2020

BPCL Kochi Refinery Takes Steps to Maintain Petroleum Products Supply
Although the COVID 19 outbreak hit demand for gasoline, diesel, fuel oil, asphalt, aviation turbine fuel (ATF) and other petroleum products.
19-04-2020

ADNOC Terminates Dalma Gas Project with Petrofac
Notification was received from the ABU dhabi national oil company (ADNOC) of the termination of two recently awarded contracts for the dalma gas development project.
Oil & Gas Trade
19-04-2020

Saudis to Sell 600,000 bbl of Oil a Day to the U.S. in April
Saudi Arabia is set to sell about 600.000 barrels a day of crude to the U.S. in April, the highest volume in a year, according to a Saudi industry official familiar with allocations to American refiners.
Crude Oil
19-04-2020

The Oil Industry's Recovery Lacks One Important Ingredient
The global glut of oil and gas is growing, caused in part by a global blockade by coronavirus.
Crude Oil
18-04-2020

Mexico’s Offshore Oil Investment Set To Plunge Despite Government Pledges
Demand for offshore equipment and services is set to drop by an average of 14 percent through 2025, according to the analysts.
Crude Oil
18-04-2020

India Dips in to Weakened Crude Market to Fill up its Strategic Oil Reserves
Ministry of petroleum and natural gas has mandated ISPRL to work closely with public sector oil companies including MRPL to achieve the target of filling up Mangaluru and Padur caverns.
17-04-2020

Shell Greenlights $6.4 bln Australia Natural Gas Project
Royal Dutch shell said on Friday it would develop the first phase of Australia's largest coal-bed methane resource in Queensland.
Oil & Gas Trade
17-04-2020

Saudi Aramco to Supply Full May Crude Volumes to Asian Refiners
Saudi Arabia, the world's largest oil exporter, has notified some refiners in Asia that it will supply full contractual volumes of crude in May.
Crude Oil
17-04-2020

Demand for OPEC Oil Falls to 30-Year Low
The sharp contraction in global oil demand amid lockdowns and stalled industrial activity will lead to the lowest demand for OPEC crude in more than thirty years this quarter.
Oil Pipeline
17-04-2020

Shell Restarts US Offshore Oil Hub After Pipeline Leak
Royal Dutch Shell Plc resumed production of 100,000 barrels a day Tuesday at its Perdido deepwater center in the U.S. gulf of Mexico.

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