Oil

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…

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.

Oil Refinery

CVR Energy Selects Honeywell Technology for Coffeyville Refinery

Honeywell today announced that a CVR Energy Inc. subsidiary has selected Honeywell UOP Ecofining technology to study conversion of seed oils, tallow and white/y…

CCS

ExxonMobil to Study Carbon Capture in Guyana

Guyana has approved a request by ExxonMobil to conduct a study on capturing and storing carbon from the company's expanding offshore oil operations.

Crude Oil

Iraqi Crude Output Rises to 18-month High of 4.21 mil b/d in Nov: SOMO

Iraqi crude oil production, including flows from the semi-autonomous Kurdistan region, rose to an 18-month high of 4.208 million b/d in November.

Crude Oil

White House not Considering Crude Export Ban

President Joe Biden's administration has all but ruled out the idea of pursuing a ban on crude exports, following an outcry from the oil industry and its allies…

Oil & Gas Trade

China Suntien Green Energy in 15-Year LNG Deal with Qatar Energy

A China Suntien Green Energy subsidiary will sign a sale and purchase deal with Qatar Liquefied Gas for 1 million mt/year of LNG for 15 years, the Hong Kong- an…

Natural Gas

European Gas Extends Gains as Giant Field in Norway Cuts Output

European natural gas prices extended gains as one of the region’s biggest fields curbed output because of a fault.

LNG

Jera Invests in Barossa Gas Field, Joins Darwin LNG Project

Japanese energy giant JERA will buy a 12.5 per cent stake in the Barossa gas field, thus participating in the Darwin LNG project in Australia.Courtesy of Santos

OPEC

UAE and Saudi Arabia Commit to Expand Co-Operation in Energy Projects

The countries also commended Opec+ for its role in stabilising the oil market.