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Oil & Gas
Kazakhstan
Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level
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.
17-04-2020
Shell Looks To Become Net Zero Energy Company By 2050
Oil supermajor Shell announced on Thursday its ambition to become a net-zero emissions energy business by 2050 at the latest, joining other majors such as BP and Eni in unveiling plans to curb carbon emissions.
Oil&Gas Drilling
17-04-2020
Qatar Starts Expansion Drilling At World’s Largest Gas Field
Qatar Petroleum has started the development drilling campaign of the North Field East Project to expand the production capacity of the world’s biggest natural gas deposit that the tiny nation shares with Iran in the Persian Gulf.
Crude Oil
17-04-2020
Oil Demand Won’t Bounce Back Anytime Soon
Oil demand is expected to be down by nearly 30 million barrels per day (mb/d) in April and down by almost 10 mb/d for the entire year, according to the latest estimates.
Oil Field
16-04-2020
Production of Iran's South Yaran Oil Field Increases
The oil production at the South Yaran joint oil field in Khuzestan province in southwestern Iran (this field is called Majnoon field in Iraq) was increased as a result of drilling and commissioning of six new wells.
Oil Price
16-04-2020
Oil Prices Sink On Record Breaking 19.2 Million Barrel Crude Build
A day after the American Petroleum Institute estimated crude oil inventories had added more than 13 million barrels, the Energy Information Administration confirmed a build, and a much higher one, at 19.2 million barrels for the week to April 10.
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Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level
