New oil and gas discovery near the Troll field in the North Sea
Equinor has made a discovery 17 kilometres west of the Troll field in the North Sea. The discovery is currently estimated at between 2 and 12 million barrels of oil equivalent. The discovery consists...
View ArticleMiddle East Crude-Oman and Dubai ease ahead of Qatar’s tender result
Middle East crude benchmark spot premiums for Oman and Dubai eased on Tuesday, while that for Murban gained. The market is awaiting the tender result of Qatar’s February-loading crude that is expected...
View ArticleEU ‘ready’ to face challenges expected this winter in energy sector: Jorgensen
The EU is “ready” to face the challenges expected in the energy sector this winter thanks to its gas storage stocks and reduced gas consumption, the EU’s new energy commissioner Dan Jorgensen said....
View ArticleUkraine ready to discuss non-Russian gas transit to Europe: PM Shmyhal
Ukraine is ready to discuss the transit of gas via its territory provided it is non-Russian molecules, Ukraine’s Prime Minister Denys Shmyhal said late Dec. 16 following talks with his Slovakian...
View ArticleThe Commodities Feed: WTI holds at $70/bbl
Energy – API reports oil inventory draws NYMEX WTI is trading above $70/bbl while ICE Brent edged above $73/bbl this morning as a recent report from API suggests a sizeable drawdown in US commercial...
View ArticleOil inches up as market eyes Fed rate decision
Oil prices rose slightly on Wednesday as investors stayed cautious ahead of a potential interest rate cut by the U.S. Federal Reserve, while a draw in U.S. crude inventories offered further support....
View Article‘Oil is everywhere’: Russians tackle Black Sea spill
An oil spill from damaged tankers has contaminated a long stretch of sandy beaches along the Russian Black Sea shoreline, polluting the air and threatening wildlife in one of the worst ecological...
View ArticleOil wavers on demand concerns after Fed signals slower rate cuts
Oil prices wobbled on Thursday after the U.S. Federal Reserve signalled it would slow the pace of interest rate cuts in 2025, which could hurt economic growth, reduce fuel demand and strengthen the...
View ArticleMiddle East Crude-Benchmark premiums tick up
Middle East crude benchmark spot premiums of Oman, Dubai and Murban all rose on Thursday. Oil prices wobbled on Thursday after the U.S. Federal Reserve signalled it would slow the pace of interest rate...
View ArticleNorth Dakota oil facilities slow to come back online after October wildfires
Oil operators in North Dakota, the third-largest producing state in the U.S., are still bringing some facilities back online after wildfires swept through key oil-producing counties in October, the...
View ArticleIsrael launches fresh strikes on oil storage at Yemeni ports
The Israel Defense Forces launched fresh strikes on Yemen’s Red Sea ports of Hodeidah and Ras Isa Dec. 19, hitting oil storage facilities and other energy infrastructure, according to the Israeli...
View ArticleWorld’s largest oil and gas producers lagging on net-zero goals: Carbon Tracker
The world’s largest oil and gas producers have made little progress toward the goal of having net-zero carbon emissions by 2050, according to an updated study of corporate emissions-reduction efforts....
View ArticleOil edges higher on falling US crude inventories, Fed’s 2025 outlook limits...
Oil prices rose slightly on Thursday, supported by falling U.S. crude inventories, though gains were limited after the U.S. Federal Reserve signalled it would slow the pace of interest rate cuts in...
View ArticleChina’s oil consumption to peak by 2027, says top refiner Sinopec
China’s oil consumption is set to peak by 2027, state refining giant Sinopec said on Thursday, as diesel and gasoline demand weaken in the world’s biggest oil importer, a slowdown that has rattled...
View ArticleIndia to surpass China as the top source of global oil consumption growth in...
India has emerged as the leading source of growth in global oil consumption in 2024 and 2025, overtaking China this year, according to our December Short-Term Energy Outlook (STEO). China’s oil...
View ArticleAsian naphtha end-users conclude 2025 term contracts at slightly lower prices...
Asian steam cracker operators have concluded their term naphtha contracts for 2025 at similar to slightly lower differentials compared with 2024, due to persistently weak downstream petrochemical...
View ArticleWhat the oil and gas industry wants from Trump and how his administration...
The oil and gas industry has a “to do” list for President-elect Donald Trump. The lobby group American Petroleum Institute has asked Trump to swiftly authorize liquefied natural gas exports, expand...
View ArticleOil falls on demand growth concerns, robust dollar
Oil prices fell on Friday on worries about demand growth in 2025, especially in top crude importer China, putting global oil benchmarks on track to end the week down nearly 3%. Brent crude futures...
View ArticleOil falls on strong dollar, demand growth worries
Oil prices eased on Friday due to a strong dollar and worries about demand growth in 2025, especially in top crude importer China. Brent crude futures were down by 36 cents, or 0.5%, to $72.54 a barrel...
View ArticleUS oil, rig count gains 2 to 619 on week as drill activity settles into new...
The US oil and gas rig count gained two rigs, making a total of 619 for the week ended Dec. 11, an S&P Global Commodity Insights survey showed, as activity appeared to be settling at a recent new...
View Article