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Oil Price
Oil Price Headed up Towards $50 per Barrel in 2021: S&P Global Platts
Brent crude, the global benchmark for oil prices, is likely to remain around $40 per barrel in the rest of the current calendar year but could be headed towards…
Oil Price
Oil Prices Jump On Large Crude Inventory Draw
The Energy Information Administration reported a day after the American Petroleum Institute estimated an 8-million-barrel draw that pushed oil prices higher.
Oil Price
Qatar to Base State Budget on Oil at $40 per Barrel, Emir Says
Qatar's budget will be drawn up on the assumption of an oil price of $40 a barrel to shield the gas-rich Gulf country from oil prices volatility, Qatar's Emir s…
Market Analysis
Five Key Climate Metrics for the Oil and Gas Sector's Next Five Years
It’s an unforgiving time to navigate the choppy waters of oil and gas investment. Demand destruction from the COVID-19 pandemic has eroded earnings, dented div…
Oil Price
Oil Prices Hold Steady Ahead of U.S. Elections
Oil prices held steady on Tuesday ahead of the U.S. presidential election, retaining their steep overnight gains but capped by demand concerns and worries about…
Oil Price
UAE Cuts 2021 Federal Spending by 5.3% on Low Oil Prices, COVID-19
The UAE, OPEC's third largest producer, lowered its federal spending for 2021 by 5.3% after a record budget this year, the government said Nov. 1, as low oil pr…
Oil Price
Oil Plunges To $35 As Lockdowns Return
Oil prices extended their 5-percent slump from Wednesday into Thursday morning, plunging by another 5 percent, with WTI Crude sliding to $35 a barrel.
Sweden
Vattenfall Records Q3 Fall in Wind Profits
Swedish energy company cites lower availability of offshore wind power and lower electricity prices.
Oil Price
Global Oil Prices to Recover in 2021, Reaching $44 pb: World Bank
In its semi-annual commodity markets outlook report, which focused on the impacts of the COVID-19 pandemic on such markets, the WB said that oil prices are expe…
Electric Vehicle Battery
LG Chem to Produce New EV Batteries for Tesla
LG Chem's share price gained 3.57 percent on Oct. 22 when Tesla announced earnings which exceeded market expectations.
Oil Price
Oil Prices Rebound On Small Crude Draw
Crude oil prices rose today after the Energy Information Administration reported a crude oil inventory decline of 1 million barrels for the week to October 16.
LNG
The World’s Largest Oil Trader Just Sent LNG Prices Soaring
Three trades for liquefied natural gas cargoes executed by commodity trading major Vitol made the company the talk of the LNG town as it pushed the Asian region…
Oil Price
Iraq Sees Oil Prices Recovering In Q2 2021
Currently, the OPEC+ production cuts are delaying oil projects in Iraq.
Energy Investment
MENA Gas Investments Surge to $126bln
Apicorp’s optimism is based on the ongoing downstream value chain integration.
Oil Price
ConocoPhillips Becomes First Major U.S. Oil Firm To Pledge Emission Cuts
Unlike European oil majors – who have rushed to pledge various commitments to become net-zero energy companies – U.S. companies, including Exxon and Chevron, …
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