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Gas
Crude Oil
Petrobras Books $8.35 bn Q1 Loss Amid 'Worst Crisis in 100 Years'
State oil company Petrobras on Thursday reported a big loss in the first quarter of the year.
Solar Company
Australia’s Rooftop PV Juggernaut Displaces Fossil Fuel Generators
The unstoppable growth of Australia’s rooftop PV fleet continues to eat into the pie previously reserved for coal and gas, a new audit of the National Electric…
Crude Oil
Russia’s OPEC+ Challenge: Cut Output Without Maiming Industry
Russian oil producers are confronting their greatest challenge in decades as they try to fend off a historic price slump without permanently damaging their fiel…
Market Analysis
Global Oil Demand Could Take Years To Recover
Global oil demand will take at least a year to return to the pre-crisis levels of 100 million barrels per day , Fatih Birol, Executive Director of the Internati…
Oil & Gas Trade
Saudi Arabia Announces Additional Voluntary Reduction of Crude Oil Production
Saudi newspapers highlighted in their editorials today a number of issues at local, regional, and international arenas.
Invited for Construction of Old Phase Power Supply Line
Tender are Invited for Construction of Old Phase Power Supply Line and Development and Construction of Two Stations for Reducing the Gas Pressure of the Old Pha…
Crude Oil
USA's Purchase on Sweet Crude Oil will Not Follow Original Plan
US Energy Department says it will buy up to 1 mln bbls of sweet crude oil for strategic reserve from small to midsize domestic producers.
Oil & Gas Trade
OPEC Says Nigeria's Oil Output Dropped Last Month
The Organisation of Petroleum Exporting Countries, OPEC, has put Nigeria’s oil output, excluding Condensate, at 1.78 million barrels per day, m/bd, in April 20…
Oil&Gas Drilling
Australia is in the Process of Developing Dorado Field
Australia's Santos is pushing forward with its Dorado field development. The competitive process for the supply of the FPSO has started and a shortlist of contr…
Oil & Gas Trade
OPEC Expects Global Oil Demand Hits Biggest Downfall
The Organization of the Petroleum Exporting Countries now expects global demand to contract by 9.07 million barrels per day, or 9.1 per cent, in 2020, it said i…
LNG
Asian LNG Prices Spike 20% As Demand Returns
This week, the uptick in demand and the lower supply have sent LNG prices jumping.
Oil & Gas Trade
Justin Trudeau Wants Canadian Oil Producers to Set Climate Targets
The comments come as Japan's biggest bank by assets said it would restrict transactions involving oil sands, while Norway's $1 trillion wealth fund blacklisted …
Oil & Gas Trade
India Oil & Gas Industry Might Need More Time to Recover
Most O&G CXOs believe that the recovery for the sector is likely to be longer, and more protracted than anticipated.
Oil Price
Oil Jumps After Saudi Arabia, UAE And Kuwait Pledge Deeper Cuts
Oil prices rose early on Tuesday after OPEC's Middle East heavyweights pledged additional cuts, instilling hopes in the market that further production reduction…
Crude Oil
Oil Drops in Early Asian Trading Amid Worries about Second Wave Pandemic
Oil prices fell in early Asian trading on Wednesday after industry data showed a rise in U.S. crude inventories and concerns mount about a possible second wave …
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