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Oil & Gas Supply
Oil & Gas
Japan Eyes Vietnam for ASEAN Oil-Sharing Deal
Japan is targeting Vietnam for what will be its first oil-sharing deal with a Southeast Asian nation as Tokyo attempts to ensure an uninterrupted supply of petr
Oil & Gas
Guyana Estimates Future Oil Production At 1 Million Bpd
Guyana has estimated its future oil production at 1 million barrels per day by 2027, from seven floating production, storage, and offloading (FPSOs) vessels in
Oil & Gas
Shell Plays Down Risk of Stranded Oil and Gas Reserves
Royal Dutch Shell said on Thursday the majority of its oil and gas reserves will be produced by 2050, playing down the risk of stranded assets as it prepares to
Oil & Gas
Brazil Crude Exports at Eight-Month High in March
Brazilian crude exports climbed to around 1.54mn b/d in March, an almost 17pc increase over February and the highest volume since July 2020.
Oil & Gas
UAE Presents Phenomenal Plan To Boost Its Position As Oil Hub
The first of these developments - announced by UAE Vice President and Prime Minister, Sheikh Mohammed bin Rashid Al Maktoum, vice president and prime minister o
Oil & Gas
OPEC Is Betting Big On Robust Oil Demand Recovery
Last week’s surprise decision from OPEC+ to ease the production cuts by a cumulative 2 million barrels per day by July relies on expectations of robust oil dem
Oil & Gas
Oman Oil Exports Stage Strong Rebound in March
Oman's oil exports rebounded from a 19-month low in February to average 776,000 b/d in March, according to energy ministry data.
Oil & Gas
OPEC Cuts Global Oil Demand Estimates Ahead of Production Decision
A panel of OPEC+ technical experts agreed to revise down oil-demand estimates for 2021, signaling a more negative view of the market just days before the group
Policy & Regulation
U.S. Calls On Saudi Arabia To Ensure Supply Of Affordable Energy
The United States has called on Saudi Arabia to make sure there is “affordable energy” supply in the world, ahead of today’s OPEC+ meeting where the cartel w
Oil & Gas
Oil Prices Rise as Opec+ Agrees to Gradually Increase Supply
The group will increase output by 250,000 bpd in May
Oil & Gas
India and Saudi Arabia Spar Over Oil Prices
The decision by OPEC+, the Organization of the Petroleum Exporting Countries and its allies, at the start of this month to leave output unchanged despite a near
Oil & Gas
OPEC+ Will Keep A Lid On Oil Production
OPEC+ will likely decide to keep oil production essentially steady for another month.
Oil & Gas
Oil Slips On Small Crude Inventory Build
U.S. crude oil inventories went up by 1.9 million barrels in the week to March 19
Oil & Gas
Saudi Arabia Tops China’s Jan-Feb Crude Imports
Saudi Arabia remained the top crude supplier to China in the first two months of this year, Chinese customs data show.
Oil & Gas
Aramco on Track to Raise Output Capacity to 13 million bpd, CEO Says
Amin Nasser remained optimistic about a broader recovery in the oil markets as vaccine rollout picks up pace
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