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Oil
Oil Price
Oil Advances Above $43 after OPEC+ Extends Production Cuts
Oil advanced above $43 a barrel in London after OPEC and its allies agreed to extend historic output curbs by an extra month.
Oil Price
OPEC+ Extension Sets up Very Favorable Oil Price Conditions for the Rest of 2020
Russia and Saudi Arabia have just made a completely irrational effort to flood the global oil market.
Crude Oil
Rig Count Plunges Below 300 in 13th-Straight Week of Losses
The number of operating drilling rigs in the U.S. fell below 300 for the first time, as energy companies continue to shut down oil-field operations amid low cru…
Energy Technology
Clean Tech Could Cut Fossil Fuel Profits by Two-Third: Carbon Tracker
A new international report on Thursday showed how falling demand and rising investment risk is likely to slash the value of oil, gas and coal reserves by nearly…
Crude Oil
OPEC+ Meetings Postponed Until Mid-June
The OPEC+ group has postponed its technical and monitoring meetings until the middle of June.
Crude Oil
Crude Oil Futures Rise on Spot Demand
Crude oil prices on Friday rose Rs 9 to Rs 2,826 per barrel as participants widened their positions on firm spot demand.
Crude Oil
Indonesia Sees Product Demand Up 160,000 b/d by 2026
Indonesia expects domestic oil product demand to increase by 12pc or around 160,000 b/d by 2026, but an expansion of refinery capacity should eliminate the need…
Energy Transition
Eni Restructures Company to Lead Energy Transition
Italian oil major Eni announced Thursday it will undergo a structural transformation in the coming weeks, to become “a leader in the energy transition,”
Crude Oil
US Refiners Spread Out Heavy Maintenance Plans
Efforts to slow the spread of Covid-19 will lead to heavier US refinery maintenance over the next year.
Oil Field
KrisEnergy Suspended Production at its Wassana Field Because of Oil Prices
KrisEnergy's operating Wassana field has been suspended pending further notice.
Market Analysis
US Working Natural Gas Volumes in Underground Storage Rise 102 Bcf on Week:EIA
US working gas in storage increased by 102 Bcf last week, which was less than the market expected, but Henry Hub futures remained static following the report.
Africa Energy
Libya Oil Production Comes to Halt as Economy Affected
The civil war enforced by the warlord Khalifa Haftar in Libya has brought oil production and exports to a grinding halt, creating financial strain on the UN-rec…
Oil Pipeline
Bulgaria Expects to Finish Russian Gas Pipeline on Time
Bulgaria says it aims to build on time its stretch of a pipeline that will bring Russian gas to Europe, despite unforeseen delays due to the COVID pandemic.
LNG
Shell Weighs Sale of $2 Billion-Plus Stake in Queensland LNG Facilities
Royal Dutch Shell is considering raising more than $2 billion from the sale of a stake in the common facilities at its Queensland Curtis LNG plant in Australia,…
LNG
Gazprom Threatened with 50 mln Euro Fine by Polish Regulator for Lack of Cooperation
"President of the Office of Competition and Consumer Protection initiated proceedings against Gazprom for lack of cooperation during an anti-trust investigation…
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