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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Oil Price
11-12-2019

Oil Surges as Saudis Surprise with Pledge of Additional Cuts
Oil in New York posted the biggest weekly gain since June after Saudi Arabia surprised the market with a significant supply cut beyond what was agreed to with fellow OPEC+ members.
Oil Price
10-12-2019

Oil Prices Up with Positive US, China Trade Talks
Crude oil prices were up early Tuesday supported by a top U.S. official's comments on positive trade talks between the U.S. and China on Monday.The trade talks between the world's two largest economies are "heading in a good direction," the White House a
Oil & Gas Trade
10-12-2019

China Is Winning the Offshore Oil Competition
Hydrocarbon-hungry China is tearing it up on the offshore oil and gas scene, and its rapidly growing global footprint is helped along because it’s not unconcerned with compliance, transparency.
Oil and Gas Equipment
09-12-2019

China Sets up National Oil, Gas Pipe Firm in Drive to 'Boost Competition'
China announced on Monday the establishment of a national oil and gas pipeline company in a move intended to boost competition, the Xinhua state news agency said.
Oil Price
09-12-2019

Oil Steady After OPEC+ Members Agree Deeper Output Curbs
Crude prices held firm in Asia on Monday after OPEC and its allies agreed to enlarge production cuts and Saudi Arabia said it would go even further with its own reductions.
Oil & Gas Trade
08-12-2019

Demand Slowdown in Top Gas Buyer Set to Worsen
A slowdown in gas demand growth in China, the driver of global use over the past two years, is expected to slacken further, adding to investor concern as supply continues to build.
Crude
08-12-2019

Asia Seen Adequately Prepared for Deeper OPEC Crude Output Cuts
Asia appears well prepared for OPEC's new crude production cut era as Chinese, South Korean and Japanese refiners' flexible feedstock procurement strategies would insulate them against any sharp reduction in Middle Eastern crude supply.
07-12-2019

No Oil Discovery After Staatsolie’s Six-Well Campaign Off Suriname
Staatsolie said earlier this week that it had drilled six exploration wells as part of its nearshore drilling campaign. While no commercial oil discovery was made, valuable data was collected, the company stated.
Crude
06-12-2019

OPEC Fails to Pin Down New Output Target after Marathon Talks
OPEC failed nail down the details of an agreement to adjust its official production target, as six hours of talks in Vienna found no resolution amid objections from Iraq and Angola.
Oil & Gas Trade
05-12-2019

Oil Security Issues Remain Major Challenge for African Energy Industry
Security issues remain a major challenge for African energy industry, necessitating the urgency for African governments and oil companies to do more to protect the security of energy infrastructure.
Oil & Gas Trade
05-12-2019

Gail India Offers Up to 10 LNG Cargoes for Loading from U.S.
Gail has offered up to 10 liquefied natural gas cargoes for loading in the United States over early 2020 to early 2021, two industry sources said on Thursday.
Crude
05-12-2019

Crude Oil Futures in Consolidation Mode as Markets Await OPEC Meet
Crude oil futures were marginally lower during morning trade in Asia on Thursday amid some profit-taking after gaining more than $2/b during Wednesday's trading session, as markets await the outcome of the OPEC meet in Vienna.
Oil & Gas Trade
04-12-2019

In 2020 OPEC+ Faces Slowing Demand Growth in Rival Production
OPEC and its allies sent mixed signals about whether they were considering deeper production cuts, fanning oil-market speculation before crucial talks in Vienna this week.
Oil & Gas Trade
03-12-2019

Iran Still Selling Oil Despite US Sanctions on Tehran’s Exports
Iran is still selling its oil despite US sanctions on Tehran’s exports, the country’s Vice President Eshaq Jahangiri was quoted on Monday as saying by state TV, adding that Washington’s “maximum pressure” on Tehran had failed, reports Reuters.
Oil & Gas Trade
03-12-2019

Does OPEC See U.S. Oil Output as Half Full or Half Empty?
Ahead of their meeting in Vienna later this week, OPEC’s oil ministers have done a good job of convincing themselves that they can simply decide to hold steady, and do no more than they’re already doing.
LNG
02-12-2019

Why Power-to-Gas May Flourish in a Renewables-Heavy World
While still in its infancy, power-to-gas provides a promising approach to convert renewable power into “green” hydrogen and methane, furnishing the renewables sector with a potentially lucrative array of end-uses.
Oil & Gas Trade
02-12-2019

Putin, Xi Jinping to launch Power of Siberia pipeline
Russian President Vladimir Putin and his Chinese counterpart Xi Jinping via launch the Power of Siberia pipeline via a TV link-up on Monday.
Crude
02-12-2019

Nigeria Commits to OPEC Agreements Before Vienna Meeting
Nigeria is committed to full implementation of agreements among OPEC and non-OPEC members, its minister of state for petroleum said on Sunday, ahead of an OPEC meeting in Vienna.
Oil&Gas Drilling
02-12-2019

Saudis to Push for Extension of Oil-Production Cuts at OPEC Meeting
Saudi Arabia will push for an extension of oil production cuts through mid-2020 at a producers’ summit this week in an effort to prop up Saudi Aramco’s initial public offering share price, Persian Gulf officials said.
Oil and Gas Technology
01-12-2019

Tendeka Polymer Tech to Boost Shale Gas Recovery 250%
The firm invested a six-figure sum on its ShaleModifier technology, which is expected to return several million pounds in revenue over the next two years.
Crude
01-12-2019

Why Are Oil Markets Suddenly So Volatile?
The newsfeed this week has been inundated with updates on Aramco’s IPO developments. On the retail side, the Aramco IPO has reached $7.21 billion in subscriptions, bringing the total value for the IPO to somewhere near $25.6 billion.
Oil & Gas Trade
29-11-2019

The Parties Discussed Russian-Ukrainian Cooperation in the Gas Sector, Russian Energy Ministry Said
"The parties discussed Russian-Ukrainian cooperation in the gas sector — settlement of mutual claims for the implementation of contracts, the terms for the transit of Russian gas to Europe from 2020.
Oil&Gas Drilling
29-11-2019

Russia’s Oil Companies Propose Postponing Extension of OPEC+ Deal Until March
At a meeting at the Ministry of Energy on Thursday, representatives of the Russian oil industry proposed that the current quotas for reducing production within OPEC+ are maintained until March and the extension should be discussed afterwards.
Crude
28-11-2019

Iran Launches Operation to Seal an Expanding Oil Leak Off Persian Gulf Rig
Iranian authorities say a major leak that has taken place off an oil rig in the Persian Gulf waters is being contained as they insist more work would be needed to stanch the expanding spill.
Crude
28-11-2019

Russia Set to Overshoot Oil Quota Yet Again Ahead of OPEC+ Talks
Want the lowdown on European markets? In your inbox before the open, every day. Sign up here. Russia, OPEC’s largest ally in a deal to cut oil production, is once again failing to keep its side of the bargain.

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