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Oil & Gas Supply
Oil & Gas
European Gas Storage Levels Survive Winter but Summer Refilling Looms
European gas storage levels have fallen less than feared after a mild winter and unprecedented deliveries of liquefied natural gas (LNG), but refilling will be
Oil & Gas
Cutting Russia’s Oil Flow To Europe Would Be A Disaster
The Russia-Ukraine crisis has put the energy market on high alert for possible disruptions of Russian energy supplies to Europe.
Oil & Gas
Opec+ Agrees 400,000 b/d Hike for March
Opec+ ministers have agreed to press ahead with another 400,000 b/d increase in the group's crude output quota next month.
Oil & Gas
Venezuela Takes First Iranian Condensate of 2022
Venezuela has received this year's first cargo of the Iranian condensate that has proven critical to its crude production recovery.
Oil & Gas
OPEC+ Set To Continue With 400,000 Bpd Production Increase
The OPEC+ group is expected to decide next week whether it should continue unwinding the oil production cuts by another 400,000 barrels per day in March
Oil & Gas
Guyana’s Oil Production To Increase Three-Fold Next Month
Exxon plans to begin oil production from a second platform offshore Guyana next month
Oil & Gas
Russia’s Oil Output to Rise by 5% in 2022
Russia’s deputy prime minister Alexander Novak expects the oil output to rise by 5 per cent next year and reach its pre-pandemic level by May 2022.
Oil & Gas
China 2021 Crude Oil Output Expected to Total 199 mln T -Energy Administration
China’s crude oil output in 2021 is expected to total around 199 million tonnes, or about 3.98 million barrels per day, clocking a third straight annual rise
Oil & Gas
Shell to Supply Brazilian Natural Gas Plants
Shell will supply two of the natural gas thermoelectric plants that won the latest Brazilian capacity tender — the already existing Termopernambuco plant in Ba
Oil & Gas
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 & Gas
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
Oil & Gas
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 & Gas
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
Oil & Gas
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
Oil & Gas
Saudi Arabia Will Supply Full Volumes To Asia
Saudi Arabia will supply full contracted oil volumes to most of its buyers in Asia.
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