Crude

Crude Oil
UAE Believes the Oil Industry Is in “Decline Mode”
Crude oil is in “decline mode” in the long term, OPEC heavyweight the United Arab Emirates (UAE) says.
Crude Oil
North America Leads $370 Billion Global Push for Oil & Gas Pipelines
Westwood’s upcoming onshore pipeline market forecast has revealed that between 2022 and 2028, the world will spend almost $370 billion on new oil and gas pipel…
OPEC
OPEC Oil Output Falls by 20,000 Bpd in October -Reuters Survey
The following table shows crude output by the Organization of the Petroleum Exporting Countries (OPEC) in millions of barrels per day (bpd) in October and Septe…
Crude Oil
Oil Shortage Forecasts Clash With Grim Economic Projections
Oil markets can’t seem to choose which direction to head.
OPEC
OPEC+ 'Only a Phone Call Away' if Markets Need Balancing - UAE Minister
The United Arab Emirates' energy minister said on Monday that OPEC+ was always willing to balance crude oil markets if needed, and that if consumers require its…
Crude Oil
World Set to Lose 5 Million Barrels of Oil per Day if Investment Stops
The world will lose 5 million barrels per day of oil each year from current supplies if spending comes to a halt, Dr Sultan Al Jaber, managing director and grou…
Crude Oil
World Bank: Energy Prices Set to Decline in 2023 After Sharp Rise in 2022
The World Bank has predicted that energy prices will decline by 11% in 2023 after having surged 60% in the current year following the war in Ukraine.
Oil Price
Goldman: U.S. SPR Crude Releases to Have Modest Price Influence
The Biden administration's plan to continue releasing the Strategic Petroleum Reserves (SPR) "as appropriate" to bring down retail rates poses limited downside …
Natural Gas
Hungary Will Not Agree to EU Gas Price Cap, Will Need Exemption
Hungary will not agree to an EU price cap on imported gas because it would end Russian deliveries, a senior aide to Prime Minister Viktor Orban said, adding tha…
Natural Gas
Analysis: Renewables Shift Lays Bare Africa’s Energy Dilemma
Africa must build oil and gas pipelines, liquefied natural gas (LNG) terminals, distribution hubs and gas-fired power plants over the next 20 years to unlock it…
Oil Refinery
Guyana Opens Tender for Its First Oil Refinery
Guyana has called for proposals to design, finance and build a 30,000-barrel-per-day (bpd) oil refinery, the first for the South American country as it becomes …
Crude Oil
Saudi Arabia, United States Clash Over Reason for OPEC+ Oil Cut
Saudi Arabia rejected as "not based on facts" criticism of an OPEC+ decision last week to cut its oil production target despite U.S. objections.
Crude Oil
Oil Slides as U.S. Crude and Gasoline Stocks Surge
Oil prices slipped in early Asian trade on Friday as U.S. crude and gasoline inventories jumped, while Saudi Arabia and Washington continued to clash over plans…
Crude Oil
ADNOC Drilling Contract as UAE Steps up Oil & Gas Production
ADNOC Offshore awards US$980m contract for the hire of two jack-up offshore rigs and associated manpower and equipment.
Crude Oil
White House Leaves Door Open for Additional SPR Releases
The White House said on Tuesday that it has many options to counteract OPEC+’s looming production cuts, including the release of even more crude oil from the n…

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Crude

UAE Believes the Oil Industry Is in “Decline Mode”

North America Leads $370 Billion Global Push for Oil & Gas Pipelines

OPEC Oil Output Falls by 20,000 Bpd in October -Reuters Survey

Oil Shortage Forecasts Clash With Grim Economic Projections

OPEC+ 'Only a Phone Call Away' if Markets Need Balancing - UAE Minister

World Set to Lose 5 Million Barrels of Oil per Day if Investment Stops

World Bank: Energy Prices Set to Decline in 2023 After Sharp Rise in 2022

Goldman: U.S. SPR Crude Releases to Have Modest Price Influence

Hungary Will Not Agree to EU Gas Price Cap, Will Need Exemption

Analysis: Renewables Shift Lays Bare Africa’s Energy Dilemma

Guyana Opens Tender for Its First Oil Refinery

Saudi Arabia, United States Clash Over Reason for OPEC+ Oil Cut

Oil Slides as U.S. Crude and Gasoline Stocks Surge

ADNOC Drilling Contract as UAE Steps up Oil & Gas Production

White House Leaves Door Open for Additional SPR Releases