Gas

Hydrogen Project

The First 5 Green Hydrogen Storage Tanks Arrive in Puertollano

The transport and supply of 5 of the 11 renewable hydrogen storage tanks to the largest plant in Europe for the production of this gas by water electrolysis tha…

Oil Price

Iran Bases Its 2022 Budget on $60 oil

The budget bill for Iran’s next calendar year is based on an oil price of $60 a barrel, up from $40 this year.

Oil Price

Saudis Foresee Oil Price Spikes from Energy Transition Efforts

Saudi Arabia’s finance minister echoed warnings from the kingdom’s oil officials that a slowdown in fossil-fuel investment globally will cause spikes in energ…

Crude Oil

OPEC+ Undershoots Oil Production Target Again

The OPEC+ group delivered the 400,000-bpd production increase in November, but it was still more than half a million barrels per day short of its overall oil pr…

Market Analysis

Energy Supply Will Catch Up With Demand In 2022

Oil and gas supply will grow faster in 2022 than it did in 2021 to the point of catching up and even surpassing energy demand growth.

OPEC

Opec Revises Higher Call on Its Own Crude in 2021-22

Opec has revised higher the 2021 and 2022 forecast call on its own members crude as it increased oil demand expectations for both years, saying it expects the C…

Oil Exploration

QatarEnergy Enters Egypt Through Agreement with Shell

QatarEnergy has entered into agreements with Shell to acquire working interests in two offshore exploration blocks in the Egyptian side of the Red Sea.

Crude Oil

Opec Maintains 2022 Demand Outlook and Expects Mild Impact from Omicron Variant

The group maintained its oil demand forecast for next year at 4.2 million barrels per day

Crude Oil

Oil Prices Steady and on Course for Biggest Weekly Gain Since Late August

Lingering concerns as to whether the Omicron variant may push border movement restrictions during the festive season

Oil & Gas Trade

U.S. to Sell 18 mln Barrels of Oil from Reserves on Dec 17

The U.S. Department of Energy said on Friday it will sell 18 million barrels of crude oil from the strategic petroleum reserve on Dec. 17, as part of a previous…

Oil & Gas Supply

Oman Bases 2022 Budget on Oil Price of $50/b, up from $45/b in 2021

2022 oil output forecast at 1.055 mil b/d vs 960,000 b/d in 2021

Crude Oil

Tarim Oilfield Produces Over 30-mln-tonne Oil, Gas Equivalent

The Tarim Oilfield of China National Petroleum Corporation, China's leading oil and gas producer, produced more than 30 million tonnes of oil and gas equivalent…

Carbon Neutral

Moon Encourages Private Firms to Go Carbon Neutral

President Moon Jae-in on Friday encouraged private firms to go carbon neutral, pledging the government will provide financial and regulatory support for their e…

OPEC

Russia Says OPEC+ Deal Brings Investment Back To Oil Industry

The OPEC+ interventions on the market in recent years have helped the oil industry to see the beginning of the return of confidence and investments

Crude Oil

Saudi Arabia Will Supply Full Volumes To Asia

Saudi Arabia will supply full contracted oil volumes to most of its buyers in Asia.