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Gas trade
Oil & Gas Supply
Oil production cuts to tighten market from May and boost prices, UBS says
Drop in crude inventories and supply disruption from northern Iraq of almost 500,000 barrel per day also a factor
Oil & Gas Trade
Oil Posts Third Weekly Gain After OPEC+ Cuts and Inventory Declines
An oil tanker at the Sheskharis complex in Russia. The country has extended its 500,000 bpd cut until the end of the year. AFPOil posted a third weekly gain aft…
Natural Gas
Totalenergies and the Iraqi Government Make Plans to Move Forward With Gas Growth Integrated Project
While confirming all the terms of the Development & Production Contract signed in 2021, TotalEnergies and the Iraqi Government have, through exchanges in the pa…
Market Analysis
GECF Unveils 4th Annual Gas Market Report
Doha, QATAR – 5 April 2023: The Gas Exporting Countries Forum (GECF) is pleased to announce the launch of the fourth edition of its Annual Gas Market Report (A…
LNG
BAKER HUGHES RECEIVES MAJOR LNG ORDER FROM QATARENERGY
Baker Hughes announced an order to be booked in the first quarter of 2023 with longtime partner QatarEnergy to supply two main refrigerant compressors (MRCs) fo…
Oil & Gas Trade
EU to Maintain Russian Oil Price Cap at $60
The European Commission told member states that a $60-a-barrel cap on the price of Russian oil is proving effective in hurting the Kremlin’s access to pet…
Oil & Gas Trade
OPEC+ Likely to Maintain Output Cut Amid Strong Oil Market Fundamentals
Opec+ slashed its output by 2 million barrels per day in October last year. ReutersOpec+ will most likely roll over its existing output cuts when it meets on Ap…
Oil & Gas Trade
Saudi Arabia, UAE and Allies Announce Surprise Oil Production Cuts
Saudi Aramco's Ras Tanura oil refinery and oil terminal. Opec+ members Saudi Arabia, the UAE, Iraq, Kuwait and Algeria have agreed to voluntary oil producti…
Oil & Gas Technology
Saudi Aramco Buys 10% Stake in China’s Rongsheng Petrochemical in $3.6BN Deal
Aramco will supply 480,000 bpd of Arabian crude oil to Rongsheng affiliate Zhejiang Petroleum and ChemicalSaudi Aramco said the deal with Shenzhen-listed petroc…
Oil & Gas Trade
Iraq Halts Kurdish Region Oil Exports Through Turkey After Winning Arbitration
A delegation from the Oil Ministry will travel to Turkey soon to meet energy officials to agree on new mechanismTurkey has said it will not export crude from Ir…
Oil & Gas Trade
Saudi Aramco Is ‘Doubling Down’ on China’s Energy Supply, Chief Executive Says
The country is expected to import a record amount of crude this year amid an economic reboundSaudi Aramco's chief executive Amin Nasser. Saudi Arabia export…
Oil & Gas Trade
Venezuelan Oil Minister Resigns on Investigation
Venezuela's oil minister Tareck El Aissami offered his resignation after three years in the post in the wake of a corruption investigation into state-owned …
Oil & Gas Trade
IMF: Libya’s Economy Will Depend on Oil and Gas Production for the Foreseeable Future
The country faces the challenge of reducing its reliance on hydrocarbons, while fostering stronger and more inclusive private sector-led growth, lender says
Energy Security
Oil Spill Fear After Fatal Explosion on Chevron FSO Offshore Thailand
One contractor killed in incident on the Benchamas 2Government agencies are on alert for a potential oil spill from the floating storage and offloading (FSO) ve…
Oil & Gas Trade
Russian Exports: Shipments Fall on Black Sea Storms, Druzhba
kidsnord/ShutterstockRussia’s crude oil exports declined by nearly 9% in February due mainly to port stoppages in Novorossiysk and lower flows to Europe.C…
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