Oil

Carbon Emissions

CO2 Plans could Drive up EU Fuel Oil Exports

EU proposals to add CO2 emissions costs and taxes to conventional marine fuel prices starting in 2023 could reduce Europe's residual fuel oil demand for bunkeri…

Crude Oil

Indian State Refiners get February Saudi Crude Requests

Indian state-controlled refiners are getting their requested term crude volumes from Saudi Arabia's state-controlled Saudi Aramco for February loading.

Geothermal Power Plant

DOE awards $8.4M for Accessing Geothermal Potential from Abandoned Oil and Gas Wells

The US DOE selected four new projects to receive up to $8.4 million to establish new geothermal energy and heat production from abandoned oil and gas wells.

Crude Oil

Tunisia's Energy Output up 33% in 2021 to 4.7mln Tonnes of Oil Equivalent

Energy deficit reached 4.1mln tonnes of oil equivalent

Crude Oil

IEA Says Oil Demand more Resilient than Expected in the Face of Omicron

Global oil demand has proven stronger than expected as the latest coronavirus variant inflicts a softer hit to the economy than anticipated.

Crude Oil

OPEC Targeting Oil Prices Below $100, Oman’s Oil Minister Says

OPEC and its allies don’t want crude prices to climb to $100 a barrel, and are reviving production quickly enough to prevent global markets from “overheating,…

CNOOC

Chinese Oil Major CNOOC Targets Record High Production This Decade

CNOOC set its production target at 600 million to 610 million barrels of oil equivalent (boe) for 2022, up from the 2021 target of 545-555 million boe

Oil Price

Oil Prices Inch Higher Despite Large Gasoline Build

Crude prices dipped slightly before jumping again after the Energy Information Administration reported an inventory decline of 4.6 million barrels for the week …

Oil Refinery

Saudi Aramco Buys Stake In Refinery In Russia’s Backyard

Saudi Arabia is expanding its downstream presence and crude customers in Eastern Europe, traditionally Russia’s backyard, by buying a stake in a Polish refiner…

Natural Gas

Dana Gas and Crescent Petroleum Post 50% Jump in Gas Production in Iraqi Kurdistan

Production from operations in Iraqi Kurdistan over a three-year period reached a record 452 million cubic feet of gas per day at the end of 2021

Crude Oil

Iraq to Bolster Crude Export Capacity in 2Q

Iraq has completed the installation of new pumps at its southern oil terminals, paving the way for an increase in crude exports.

Crude Oil

Several Asian Refiners to Receive Full Saudi Crude Allocation in February

Saudi Aramco has notified at least five Asian buyers that it will supply full contractual volumes of crude oil in February, same as January, sources with knowle…

Oil & Gas Trade

China Boosts Imports Of Cheap Oil From Sanctioned Iran And Venezuela

Chinese refiners imported 53 percent more oil from Iran and Venezuela last year compared to 2020

Natural Gas

Go Fuel Retail Additional Expansion Approved

Oil & Gas Regulatory Authority has granted permission to Gas & Oil Pakistan Limited to operate additional fuel storage facility as well as expand fuel retail ne…

Crude Oil

Libya’s El Sharara Crude Field Poised to Restart

Production from Libya's largest field — the 300,000 b/d El Sharara — can restart after an agreement was reached with the Petroleum Facilities Guard.