Oil & Gas Supply

Oil & Gas
BP Says Global Oil Demand has Passed 100 million Barrels per day
As world leaders discuss the fight against climate change, global oil demand has bounced back above the key level of 100 million barrels a day last seen before
Oil & Gas
Opec+ JMMC Recommends Sticking to Output Policy
The Opec+ Joint Ministerial Monitoring Committee is recommending sticking to a 400,000 b/d combined crude quota increase for December, two delegates said, even
Oil & Gas
OPEC+ Lgnores Calls For More Crude, Adds Meagre 140,000 Bpd In October
OPEC+ added just 140,000 barrels daily of crude oil last month
Oil & Gas
OPEC Rejects Biden’s Call for More Oil
OPEC+ headed for a clash with the U.S. as more members rejected President Joe Biden’s call for the group to raise oil production faster and help reduce gasolin
Oil & Gas
Natural Gas Prices Plunge As Putin Promises More Supply
Natural gas futures mercifully slipped 10% on Wednesday after Russian President Vladimir Putin promised that the gas-rich nation would send more natural gas to
Oil & Gas
Opec+ Output up by 650,000 b/d in September
Opec+ output rose sharply in September, pushed higher by production recoveries in Nigeria, Angola and Kazakhstan and by a notable increase from Iraq.
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

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Oil & Gas Supply

BP Says Global Oil Demand has Passed 100 million Barrels per day

Opec+ JMMC Recommends Sticking to Output Policy

OPEC+ Lgnores Calls For More Crude, Adds Meagre 140,000 Bpd In October

OPEC Rejects Biden’s Call for More Oil

Natural Gas Prices Plunge As Putin Promises More Supply

Opec+ Output up by 650,000 b/d in September

China Boosts Gas Storage, Supplies Ahead of Winter

Norway's August Oil Output Beats Forecast, Gas Lags

Goldman Sachs: Here’s How Oil Prices Could Reach $90 This Winter

OPEC+ Boosts Compliance With Oil Production Cuts To 116%

Oil Rebounds On Tight Global Energy Supply

Brazilian Gas Availability Tops 55mn m³/d in August

U.S. Gas Production Set for Big Increase in 2022 on High Prices

Petrobras Signs Landmark Gas Supply Deal with Gerdau

Opec Lifts Oil Demand Forecast for 2022

Hydrogen vs Oil and Gas: Comparing Energy Sources

Saudi Aramco Buys 10% Stake in China’s Rongsheng Petrochemical in $3.6BN Deal

Japan Willing to Release Oil Reserves

Benchmarking: Outlook for Demand, Global Balances Diverge

Mexico Approves $4.5 Billion Zama Development Plan

Aramco, Totalenergies Announce Major Update for $11 Billion Amiral Project