Gas trade

Oil & Gas Trade

Oil Stays Firm on China Growth Hopes

Oil prices rose in Asian trade, supported by hopes a solid economic rebound in China will drive up fuel demand, offsetting worries about further US interest rat…

Oil & Gas Trade

Benchmarking: Outlook for Demand, Global Balances Diverge

Watch The World/ShutterstockAlthough macroeconomic concerns loom large in the foreground, oil consumption will grow by an average 1.75 million b/d among major f…

Oil & Gas Trade

Cornwall Insight Responds to the Announcement of the April Price Cap

Dr Craig Lowrey, Principal Consultant at Cornwall Insight said:Following the announcement by Ofgem that April’s Default Tariff Cap (price cap) will fall t…

Oil & Gas Trade

Venture Global Will Supply 2 MT/Year of US Lng to China Gas Holdings

The US LNG company Venture Global has signed two 20-year LNG supply agreements with the Chinese gas distributor China Gas Holdings totalling 2 Mt/year. Under th…

Oil & Gas Trade

European Natural Gas Prices Could More Than Double in 2024, Goldman Sachs Says

The region's energy crisis will not find a 'sustainable solution' until 2025, says investment bank

Oil & Gas Trade

GLOBAL MARKET FOR OILFIELD SERVICES CONTRACTORS TO REACH $1 TRILLION IN 2025

(Source: Rystad Energy – Image: Frack operation in the Permian Basin/Lorne Matalon)Rystad Energy expects the global market for oil and gas contractors to …

Oil & Gas Trade

UK Energy Company Centrica Triples Profit

British Gas owner records earnings of £3.3bn for 2022 on the back of Russian invasion of Ukraine

Oil & Gas Trade

First GECF Monthly Gas Market Report now available

Doha, QATAR – 15 February 2023: The GECF is pleased to unveil the inaugural edition of the Monthly Gas Market Report (MGMR). This new publication offers a…

Crude Oil

Biden Administration Plans to Sell 26 Million Barrels of Crude

The Biden administration plans to sell more crude oil from the Strategic Petroleum Reserve, fulfilling budget directives mandated years ago that it had sought t…

LNG

Growth in LNG Export Capacity Will Be Limited in 2023

The LNG transport ship called KARMOL LNGT Powership Africa is shown offshore Africa in May 2022. (Photo: Reuters.)After growing aggressively for a decade, the a…

Oil & Gas Trade

Petronas Divests Entire Interest in Engen

Petronas has reached an agreement to sell its entire 74 percent interest in Engen Limited to Vivo Energy, one of the largest African fuel retail operators and p…

Market Analysis

North America Dominates the Global Shale Oil Market by Producing 50% Of the Total Market for Shale Oil; Learn About Market Drivers & Restraints.

The current market is growing at a moderate pace by registering a healthy CAGR during the foreseen time. The rising consumption of shale oil and growing end-use…

Oil & Gas Trade

Dana Gas Reports 53% Rise in 2022 Adjusted Net Profit on Higher Oil Prices

The Khor Mor gas complex, operated by Crescent and Dana Gas, in the Kurdistan Region of Iraq. Photo: Crescent PetroleumDana Gas, one of the largest private natu…

Oil & Gas Trade

What Would War-End Mean for Global Oil and Gas?

The end of the war in Ukraine would reduce pressure on Western governments to continue expanding sanctions on Russia’s oil and gas sector.That’s acc…

Oil & Gas Trade

India Will Buy Oil From ‘Wherever We Have to’ if Terms Are Beneficial, Energy Minister Says

India will secure oil from anywhere as long as the terms are beneficial, India’s energy minister told CNBC.India is the third largest oil consumer in the …