Gas

Oil Price

Oil Price War Expands as United Arab Emirates Joins Saudi Ally

The United Arab Emirates has joined ally Saudi Arabia in opening the oil floodgates, broadening the front against Russia in a price war.

Oil & Gas Trade

Saudi Arabia Unveils Plans to Maximize Oil Output, Escalating a Price War with Russia

OPEC kingpin Saudi Arabia unveiled plans Wednesday to dramatically ramp up oil production, raising the stakes of an all-out price war with non-OPEC leader Russi…

Oil Field

Turkey Proposed Joint Management of Oil Fields in Syria With Russia

Turkey's President Tayyip Erdogan said he asked his Russian counterpart Vladimir Putin to jointly manage oil fields in eastern Syria's Deir al-Zor region, in pl…

Oil & Gas Trade

Oil Price crash: 3 Things You need to Know Today

On Monday 9th March 2020, the oil price saw its biggest fall in 30 years. Here’s our analysts’ rapid response to the oil price crash. Look out for more detail…

Oil Price

Lower Oil Prices to Provide Tailwinds to Indian Economy

The present run of lower oil prices will bring significant benefits for the Indian economy as reduced import bill and lower current account deficit and inflatio…

Oil & Gas Trade

China to Bump up Strategic Oil Reserves After Price Crash

Citing people with knowledge of the matter that China is considering the possibility of ramping up the country's strategic oil reserves by buying crude now, esp…

Oil Price

US Shale Supply Badly Hit by Oil Price War

Following the WTI price fall to around $30 per barrel due to an oil price war between Saudi Arabia and Russia, US shale production has been badly hit. The outlo…

Gas fuel (natural gas)

Contract awarded for Gas fuel (natural gas)

Oil & Gas Trade

How a Saudi-Russian Standoff Sent Oil Markets Into a Frenzy

Moscow refused to accept production cuts to offset the effect of the coronavirus outbreak. Now Saudi Arabia is trying an alternative: inflicting pain.

Oil & Gas Trade

IEA: Oil Demand To Drop For First Time Since 2009

Global oil demand is set to drop this year for the first time since the financial crisis in 2009, the International Energy Agency (IEA) said on Monday, as it sl…

Gas power plant

IFC Leads Financing for 390 MW Natural Gas-Fired Power Plant

The International Finance Corporation (IFC) announced the signing of a €303m ($346m) financing package for a new gas-fired power project in Côte d’Ivoire.

Renewable Hydrogen Will Replace Natural Gas in Millions of Australian Households

Global wind and solar energy firms, Engie and Neoen will also play a role in this government initiative.

Oil Price

Saudi Arabia, Russia Brawl Creates Crude Turmoil

​Oil prices lost as much as a third of their value on Monday in their biggest daily rout since the 1991 Gulf War as Saudi Arabia and Russia signalled they woul…

Crude

Coromavirus Now Poised to Wipe Out Most of 2020 oil Demand Growth, No OPEC Cure in Sight

The spread of coronavirus continues to deepen the severity of the blow to global fuels demand. Rystad Energy now expects more than half of global oil demand gro…

7th Asia Gas Turbine Focus 2020

With the global natural gas power generation market slowing down, the gas turbine industry is being tested. How should gas turbine manufacturers make growth poi…