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Oil & Gas
China Boosts Gas Storage, Supplies Ahead of Winter
China has accelerated gas purchases and storage ahead of winter as the country prioritises meeting its heating needs.
Oil & Gas
Norway's August Oil Output Beats Forecast, Gas Lags
Norway's oil production beat official expectations in August, while its natural gas output lagged, preliminary data from the Norwegian Petroleum Directorate sho
Oil & Gas
Goldman Sachs: Here’s How Oil Prices Could Reach $90 This Winter
Brent could reach $90 per barrel if the weather in the northern hemisphere turns out to be colder than normal this winter, Goldman Sachs’ Jeff Currie said on W
Oil & Gas
OPEC+ Boosts Compliance With Oil Production Cuts To 116%
The OPEC+ group of producers raised their compliance with the ongoing collective production cuts to 116 percent in August, up from 109 percent compliance in Jul
Oil & Gas
Oil Rebounds On Tight Global Energy Supply
Oil prices rose early on Tuesday, halting two consecutive days of losses as the global natural gas crunch has the market evaluating the potential of higher dema
Oil & Gas
Brazilian Gas Availability Tops 55mn m³/d in August
Brazilian natural gas available to the market equaled 55.3mn m³/d in August, preliminary data from Brazil's oil and gas regulator ANP shows.
Oil & Gas
U.S. Gas Production Set for Big Increase in 2022 on High Prices
As a result, futures prices for deliveries at Louisiana's Henry Hub in January 2023 are currently trading around $1.15 per million British thermal units below p
Oil & Gas
Petrobras Signs Landmark Gas Supply Deal with Gerdau
Brazil's state-controlled Petrobras signed a natural gas supply agreement with steel producer Gerdau in a debut of its more flexible pricing model designed to c
Oil & Gas
Opec Lifts Oil Demand Forecast for 2022
Opec has increased its global oil demand forecast for 2022 by almost 1mn b/d, taking it back above 100mn b/d, even though there was some disquiet about this at
Oil & Gas
Libya can Pump 2 million bpd of Oil by End 2022 Under $1.1bn Spending Plan: Finance Minister
Libya’s oil output could rise to 2 million barrels per day by the end of 2022 if the industry is given the $1.1 billion it has been allocated in the budget, ac
Oil & Gas
Nigeria Struggles to Meet OPEC’s Crude Oil Quota
Despite requesting for a higher baseline in August, Nigeria failed to meet the existing crude oil supply quota allocated to it by the Organisation of Petroleum
Oil & Gas
Gulf Of Mexico Shut-In Production Rises To 1.7 Million Bpd
The amount of shut-in oil production in the Gulf of Mexico rose by 240,000 bpd between Wednesday and Thursday, to over 1.7 million bpd, the Bureau of Safety and
Oil & Gas
Oil Rises After Opec+ Agrees to more Supply
Group's joint ministerial monitoring committee expects a surplus of 2.5 million bpd in 2022
Oil & Gas
OPEC+ Ignores Biden, Keeps Output Plans Unchanged
The September meeting of OPEC+ today wasn’t expected to erupt in vehement disagreements.
Oil & Gas
OPEC Stays the Course on Output Hikes As Oil Prices Rebound
OPEC and its allies are expected to press on with their planned revival of oil production when they meet next week, as prices bounce back from their August stum
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