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Market Analysis

Origin Braces for Tougher Year as Virus Hammers Energy Markets

Australian power giant Origin Energy is bracing for a tougher-than-expected year ahead as lower wholesale electricity prices erode profits and the oil price cra…

Coal Production

Indonesian Coal Glut Looms as Output Surpasses Sales

An imbalance between Indonesian coal output and sales during January-July has raised the prospect of a supply glut.

Oil & Gas Trade

OPEC+ Seeks to Defend Oil-Market Gains as Demand Outlook Darkens

OPEC and its allies have achieved the oil-market equivalent of a high-wire act: increasing supply even as demand remains depleted, without crashing prices.

LNG

Low Gas Prices Could Derail Papua New Guinea’s LNG Ambitions

Papua New Guinea first started producing liquefied natural gas in April 2014 when the flagship $19bn PNG LNG project came on-line months ahead of schedule.

Gas power plant

Natural Gas Leads US Power Generation in H1

Cheaper U.S. natural gas prices helped the U.S. Lower 48 states to increase gas-fired power generation by 9% year-on-year in the first half of 2020.

Nuclear Power Plant

E.ON Sells German Nuclear Power Ahead at Above-Market Prices

German utility E.ON said on Wednesday it has sold forward 73 per cent of its 2021 nuclear power generation and 46 per cent of its 2022 output at prices above th…

Saudi Arabia

Saudi Aramco Says Profit Fell 73 Percent as Demand for Oil Shrank

Saudi Aramco, the world’s largest oil company, said on Sunday that its quarterly earnings plunged more than 73 percent compared to a year ago, as lockdowns imp…

United States

Sasol Sees Loss With $6.3 Billion in Writedowns, Oil Slump

Sasol Ltd. said it will swing to a full-year loss per share after writedowns on U.S. chemical assets contributed to 112 billion rand ($6.3 billion) of charges a…

Saudi Arabia

Saudi Aramco Still Aims for $15 Billion Investment in India’s Reliance

Saudi Aramco said it’s still working on a deal to buy a $15 billion stake in Reliance Industries Ltd.’s refining and chemicals business, even as lower oil pri…

Saudi Arabia

Oil Rises on Saudi Aramco's Upbeat Demand View

Oil prices climbed on Monday, supported by Saudi optimism about Asian demand and an Iraqi pledge to deepen supply cuts, although uncertainty over a deal to shor…

Saudi Arabia

Saudi Aramco Profit Collapses But Oil Giant Retains $75bn Dividend

State oil giant Saudi Aramco saw profit collapse nearly 75 per cent in the second quarter as the coronavirus pandemic decimated oil prices around the world.

Oil Price

Saudi Aramco Profit Drops 50% for First Half of the Year as Pandemic Batters Oil Price

Oil giant Saudi Aramco reported a 50% fall in net income for the first half of its financial year, reflecting a devastating year for oil markets and the global …

Oil&Gas Drilling

Demand For Offshore Oil Rigs To Return In 2022

Demand for offshore rigs will slump this year as a result of the pandemic and the low oil prices that are forcing offshore operators to delay drilling activitie…

Oil Price

Why Oil is up 80% in a Month?

Why oil is up 80% in a month?

United Kingdom

BP Cuts Dividend for First Time in a Decade After Record Loss

The dive into the red came after the firm slashed the value of its oil and gas exploration assets in response to price forecasts.