Oil

United Kingdom

AstraZeneca to Power UK Sites with Biomethane in Decarbonisation Drive

British-Swedish multinational pharmaceutical firm AstraZeneca has partnered with Future Biogas to power its UK sites with low-carbon energy as part of the compa…

LNG

Dutch Bio-LNG Project Secures EU Funding

A liquefied biogas production project by Dutch firms Titan LNG, Attero and Nordsol has been awarded €4.3mn in funding under the EU's 'Fit for 55' package.

Oil & Gas Trade

China’s Oil Imports Are Set To Slow In Q1

Chinese imports in March 2022 are set to be around 10.7 million barrels per day (bpd).

Natural Gas

Brazil's Manati Field Gas Production Restart Awaits Pipeline Repairs

Brazilian Petrobras will take a week to make repairs to an offshore gas-export pipeline and restart production at the Manati Field, but the disruption won't aff…

Oil Pipeline

Key Ecuador Crude Oil Pipeline Ruptures While Halted by Erosion

Erosion in the Amazon region has ruptured Ecuador's state-owned pipeline SOTE, the same problem that led to its shutdown last week, the Energy Ministry said on …

Crude Oil

Global Oil Supply Set to Outpace Demand Amid Higher Production, IEA Says

The surge in new Covid cases is expected to 'temporarily slow' but not upend the recovery in demand

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 Pipeline

Germany’s New Chancellor May Let Red Tape Delay Nord Stream 2 Start

German Chancellor Olaf Scholz, under pressure from the U.S. to halt the Nord Stream 2 pipeline project over Russian aggression toward Ukraine, may quietly deleg…

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