Saudi Arabia plans Aramco share sale as soon as June, sources say
Saudi Arabia is planning a multi-billion-dollar share sale in energy giant Aramco 2222.SE as soon as June in what would be one of the region’s biggest stock deals, two people familiar with the matter...
View ArticleRussia says secondary sanctions are hurting export revenues, oil payments
Expanded sanctions on Russia and enhanced pressure on countries that Moscow considers friendly are hurting Russian firms’ export revenues and creating oil payment issues, the Bank of Russia said. The...
View ArticleUS drillers cut oil and gas rigs for fourth time in five weeks – Baker Hughes
U.S. energy firms this week cut the number of oil and natural gas rigs operating for the fourth time in five weeks, energy services firm Baker Hughes BKR.O said in its closely followed report on...
View ArticleUS natgas price spike prompts drillers to return to wellpad in May
A 63% spike in U.S. natural gas futures prices over the past three weeks was enough to push some drillers to start pulling more fuel out of the ground, according to energy analysts and data from...
View ArticleOPEC+ to meet virtually on June 2
The OPEC+ group of oil producers, comprising the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, has pushed back its output policy meeting by a day to June 2. The...
View ArticleVenezuela aims to reach 1.23 mln bpd of oil output in Dec, minister says
Venezuela aims to produce1.23 million barrels per day (bpd) of oil in December, addingabout 290,000 bpd compared to the start ofthe year, following the addition of drilling rigs, oil minister Pedro...
View ArticleIran plans to raise oil output to 4 mln barrels per day – Tasnim
Iran has approved a plan to raise its oil output to four million barrels per day, the country’s Tasnim news agency said on Sunday, without providing a time frame. “An economic council headed by Iran’s...
View ArticleOil edges higher ahead of inflation data after downbeat week
Oil prices made marginal advances in muted trade owing to public holidays in Britain and United States after a downbeat week characterised by the outlook for U.S. interest rates in the face of sticky...
View ArticleThe Commodities Feed: OPEC+ meeting
Energy – speculative gross short builds in Brent While oil prices managed to close higher on Friday, the market remains under pressure. ICE Brent was down more than 2.2% for the week. Weaker refinery...
View ArticleIran raises June crude prices to Asia
Iran has set the official selling price (OSP) of its Iranian Light crude oil grade for Asian buyers at $3.10 a barrel above the average Dubai/Oman quotes for June, the National Iranian Oil Co said on...
View ArticleOil rises ahead of inflation data after downbeat week
Oil prices rose by more than $1 per barrel in muted trade owing to public holidays in Britain and the United States after a downbeat week characterised by the outlook for U.S. interest rates in the...
View ArticleKuwait Oil awards six drilling contracts to ADES of Saudi Arabia
State-owned Kuwait Oil awarded Saudi Arabia’s ADES Holding six drilling contracts for onshore upstream work as Kuwait moves ahead in its expansion work to offset declines in some of its large aging oil...
View ArticleMiddle East Crude-Benchmarks slip; Upper Zakum supply improves
Middle East crude benchmarks Oman, Dubai and Murban edged lower on Monday as most buyers in Asia have completed their spot purchases for July. Abu Dhabi Upper Zakum crude supply has improved with three...
View ArticleGoldman Sachs expects oil demand to keep growing until 2034
Goldman Sachs raised its global oil demand forecast for 2030 on Monday and expects consumption to peak by 2034 on a potential slowdown in electric vehicle (EV) adoption, keeping refineries running at...
View ArticleNorwegian oil companies to make record high investments in 2024
Norwegian oil and gas investments are expected to hit a record high this year and will remain strong in 2025, driven by a string of new developments as well as cost inflation, a national statistics...
View ArticleOil steadies as OPEC+ restraint balances interest rate concerns
Global oil prices steadied on Tuesday as the prospect of OPEC+ maintaining oil supply curbs at its June 2 meeting and hopes of strong U.S. summer fuel demand balanced concern about higher-for-longer...
View ArticleIndia seen signing more renewable ammonia supply deals, policy clarity awaited
India is emerging as a renewable ammonia supply base with a handful of international trade agreements and more expected to follow, but greater clarity on policy and price discovery is required to...
View ArticleSingapore LNG infrastructure investment could boost two-way trading capacity
Singapore is poised to be a “two-way” liquified natural gas (LNG) trader on the back of its investment in a new floating storage and regasification unit (FSRU), according to a BMI report. BMI said that...
View ArticleSudan oil pipeline resumption imminent, says South Sudan official
A Sudan oil pipeline ruptured during fighting in February has been repaired and could resume operation in the next two weeks, a South Sudan oil ministry official said on Tuesday. The Petrodar pipeline,...
View ArticleMiddle East Crude-Oman, Dubai extend declines; Mercuria gets two more cargoes
Middle East crude benchmarks Oman and Dubai extended declines on Tuesday while Mercuria received another two cargoes via trades on the Platts window. SAUDI OSP PREVIEW Saudi Arabia, the world’s biggest...
View Article