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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Oil and Gas Technology
04-07-2019

British Gas Improves Overall Customer Experience with ‘On my way’ Platform
UK utility British Gas has commissioned a messaging and location technology developed by LocalZ to improve customer experience and overall efficiencies.
Oil & Gas Trade
03-07-2019

OPEC Formally Embraces Russia, Other Non-Members In Expanded
OPEC used to shift world oil markets with a single announcement. These days, the Saudi-led organization needs help from some key partners — most significantly Russia — to exert that kind of influence.
Crude
03-07-2019

Huge Zimbabwe Oil, Gas Potential for Invictus, Findings Show
INVICTUS Energy Limited (IEL) says findings by a United Kingdom-based firm show a potential of 1,3 billion barrels of oil-equivalent, which consists of 200 million barrels of condensate.
Oil & Gas Trade
02-07-2019

America's Liquefied Natural Gas Boom May be on a Collision Course with Climate Change
The US energy industry is scrambling to build dozens of expensive export terminals that can be used to ship cheap natural gas to China and other fast-growing economies that want to move away from coal.
Oil & Gas Trade
01-07-2019

Iran Warns 'unilateralism' between Saudi Arabia and Russia could Lead to the Death of OPEC
Iranian Oil Minister Bijan Zanganeh believes "unilateralism" among some OPEC members could ultimately lead to the death of the Middle East-dominated producer group. OPEC is set to debate an extension of oil production cuts when it meets on Monday, before
Oil Price
01-07-2019

Crude Oil Futures up More Than 2% as OPEC Looks to Extend Supply Cuts
Crude oil futures soared by nearly 2% during mid-morning trade in Asia Monday as OPEC and its allies look to extend their supply cut agreement at a time of growing geopolitical tensions in the Middle East.
Crude
01-07-2019

Asia Sour Crude Market Mulls OPEC Deal, US Data
Sour crude spreads in Asia traded within a narrow range in mid-morning trading hours on Monday, as market participants weighed the benefits of a bullish OPEC deal against other geopolitical developments over the weekend.
Oil & Gas Trade
28-06-2019

India Stops Buying Iran Oil
Iran was the third largest supplier of crude to India, behind only Iraq and Saudi Arabia, but after the sanctions waiver granted to India in November expired last month, India was forced to look elsewhere.
Oil & Gas Trade
28-06-2019

The Oil Crisis Saudi Arabia Can't Solve
In reality, Aramco will not be able to keep the necessary crude oil and products volumes flowing to Asian and European markets in the case of a full Strait of Hormuz blockade.
Shale Gas
28-06-2019

Argentina's Shale Boom at Vaca Muerta Seems to be Finally Taking Off
Argentina's vast shale play Vaca Muerta has finally seen the first tangible results with the first exports of light crude oil and liquefied natural gas (LNG) from the resource-rich formation.
Oil & Gas Trade
27-06-2019

How will closing of Philadelphia Energy Solutions refinery affect gas prices?
The announced closure of the Philadelphia Energy Solutions refining complex will lead to higher gas prices for motorists, according to AAA Mid-Atlantic's Jana Tidwell.
Crude
27-06-2019

Dubai Sour Crude Steady, Awaits Further Cues From G20 Talks
Dubai sour crude structure in Asia was largely unchanged overnight as market participants looked to discussions between the US and China at the ongoing G20 summit for further cues on global trade strategy.
Oil & Gas Trade
26-06-2019

Saudi Aramco Signs Crude Supply, Storage, Refining Deals with South Korean Companies
Saudi Aramco and its affiliates signed 12 agreements with major South Korean companies on Wednesday to reinforce relationships with Asia's fourth biggest energy consumer, expand international operations, and support the region's energy security with the e
24-06-2019

Analysts Predict Oil Could Skyrocket to +$100-Per-Barrel If Iran-US War Breaks out
TEHRAN (FNA)- A full-fledged war between the US and Iran would immediately affect global crude prices, as the recent escalation of tensions in the Middle East has already shown, as the only question now is how high could crude go.
18-06-2019

The Permian Craze Is Fizzling … But Shale Oil Production Isn’t
The frenzied Permania that had oil and gas companies rushing to the O&G hotspot may be on the outs, but production in the industry’s number one basin has not, according to the US Energy Information Administration’s Drilling Productivity Report released.
18-06-2019

Supply Woes Keep Oil Prices Subdued
The fundamentals seem to be heading in the wrong direction for oil prices, with demand weakening even as supply continues to exceed expectations.
17-06-2019

Iran could Destabilise the New Normal in Oil Prices
Despite attacks on shipping in the Gulf and the continued instability across the Middle East, the oil market has settled into a new normal.
17-06-2019

Canada Can't Get Its Pipeline Problem Under Control
Alberta’s oil and gas industry has had a very, very rough year. With a major pipeline infrastructure deficit and major delays and setbacks for all new pipeline projects, with no end in sight in the near future, Canada’s once-prosperous oil sands are hurti
17-06-2019

Trump's Tariffs Disrupt USMCA And The U.S. Oil & Gas Boom
The U.S.-Mexican energy partnership helps explains why approving the USMCA deal is such an urgent priority.Unfortunately, the Trump administration has announced plans to impose a 5% tax on all goods imported from Mexico and these tariffs would potentiall
17-06-2019

Malta Freeport Hosts its First LNG-powered Container Ship
Malta Freeport Terminals has welcomed the first ever LNG-powered container ship to visit Malta during the vessel's maiden voyage from Asia to Rotterdam. Tourism Minister Konrad Mizzi, whose portfolio includes the Freeport Authority, visited the ship to ma
14-06-2019

Analysis: Asian Refiners May Trim Sour Crude Intake on Dubai Backwardation
The spread between the first and third-line Dubai crude swaps was assessed at $2.06/b on May 17 in Singapore, Platts data showed, the strongest backwardation since $2.13/b seen on October 31, 2013.
14-06-2019

Pakistan LNG Launches Tender for 240 Cargoes
According to Pakistan LNG's filing, the tender is for the delivery of 240 cargoes over a 10-year period, on a delivered ex-ship (DES) basis to the import facility at Port Qasim in Karachi.
13-06-2019

Russian Oil Extraction Hits Three Year Low
The contamination of Urals oil with chlorides and the subsequent suspension of the Druzhba pipeline, which accounts for 20% of Russia’s oil exports, has forced oil companies to drastically cut down on extraction.
Oil Refinery
13-06-2019

U.S. Crude Oil Refinery Inputs Increase Last Week: EIA
U.S. crude oil refinery inputs increased during the week ending June 7, the U.S. Energy Information Administration (EIA) said Wednesday.
13-06-2019

Shell Ships First LNG Cargo from Prelude FLNG from Australia
Targeting the Asian market, Royal Dutch Shell, along with its Joint Venture Partners Japan’s INPEX, South Korea’s KOGAS and US-based OPIC, announced on 11 June that the first shipment of Liquefied Natural Gas has sailed from Shell’s Prelude Floating Lique

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