Forties loadings to drop in Feb; no deals
North Sea Forties crude loadings will drop in February, a trade source said on Tuesday, while crude differentials were steady after a lack of deals, with the exception of Forties which was bid higher....
View ArticleUS crude, product inventories likely fell last week: Reuters poll
U.S. crude oil and fuel stockpiles are expected to have fallen last week, a preliminary Reuters poll showed on Monday. Three analysts polled by Reuters estimated on average that crude inventories fell...
View ArticleImproved efficiency is enabling record U.S. crude oil production from fewer rigs
Crude oil production in the U.S. Lower 48 (L48) states, which excludes Alaska and offshore production, reached a record 11.3 million barrels per day (b/d) in November 2024, according to our estimate in...
View ArticleOil Market: OPEC Review of 2024 and outlook for 2025
Solid economic growth trends have continued in recent months, with particularly positive trends recorded in the US, Brazil and Russia. Additionally, Chinese stimulus measures and sustained growth...
View ArticleOil & gas industry sees non-US hiring gaining momentum amid overall decline...
The oil & gas industry has seen a dip in active jobs (jobs open for hiring) in 2024, but hiring trends remain relatively better compared to pre-COVID levels. In 2024, countries with high job...
View ArticleUSGC eyes CCS expansion in heavy industry, but faces hurdles with permits,...
The US Gulf Coast heavy industry views carbon capture and storage technology as crucial for decarbonization while facing hurdles such as high costs, class IV permits and construction delays, and...
View ArticleGasoline crack rises to highest in over a week on Mideast inventory drop
Asia’s gasoline margins climbed to their highest in more than a week as Middle East inventories extended declines for a second consecutive week, while trading activity remained thin following the...
View ArticleOil heads for weekly gain on China stimulus hopes
Oil rose slightly on Friday and was on track for a weekly gain, spurred by expectations of a stimulus-driven economic recovery in China, the world’s biggest oil importer, and by forecasts of lower U.S....
View ArticleQatarEnergy’s uncontracted LNG volumes could spur more active spot,...
The LNG industry expects QatarEnergy’s present uncontracted supply to be a sign of a more nuanced strategy toward dominating the market through shorter tenures and spot market volumes. The LNG behemoth...
View ArticleOman’s oil output falls 5.1% in 2024, exports hold steady
Oman’s oil production has experienced a notable decline, with total output falling by 5.1% to 332.7mn barrels in the first 11 months of 2024, down from 350.5mn barrels in the same period last year,...
View ArticleTrump executive orders to set stage for oil, gas regulations rollback
US President-elect Donald Trump will attempt to drive a speedy overhaul of the regulatory environment for the oil and gas industry via high-profile executive orders, but the most significant effects of...
View ArticleIndia’s robust oil demand in spotlight, to attract global suppliers
India is set to end the year with its oil demand growth rate surpassing China’s, making it one of the fastest-growing consumption centers, a trend expected to spill over to 2025, prompting the South...
View ArticleUS crude oil inventories drop less than expected, indicating weaker demand
The American Petroleum Institute (API) has released its weekly report on stocks, revealing a decrease in inventory levels. The report shows a reduction of 3.2 million barrels, which is less than the...
View ArticleIndia’s robust oil demand in spotlight, to attract global suppliers
India is set to end the year with its oil demand growth rate surpassing China’s, making it one of the fastest-growing consumption centers, a trend expected to spill over to 2025, prompting the South...
View ArticleUS crude oil inventories drop less than expected, indicating weaker demand
The American Petroleum Institute (API) has released its weekly report on stocks, revealing a decrease in inventory levels. The report shows a reduction of 3.2 million barrels, which is less than the...
View ArticleBig Oil backtracks on renewables push as climate agenda falters
Major European energy companies doubled down on oil and gas in 2024 to focus on near-term profits, slowing down – and at times reversing – climate commitments in a shift that they are likely to stick...
View ArticlePutin’s ally Sechin to stay as Rosneft’s head for five more years
Igor Sechin, a long-standing ally of President Vladimir Putin, will be staying as head of Russia’s largest oil producer Rosneft, for five more years, according to a company board decision disclosed on...
View ArticleEni begins second phase of oil and gas production at Ivory Coast Baleine field
Italy’s Eni on Saturday started a second phase of oil and gas production at Ivory Coast’s offshore Baleine field, the energy group said on Saturday. Eni discovered the Baleine field in September 2021...
View ArticleUS drillers keep oil and natgas rigs unchanged for third week – Baker Hughes
U.S. energy firms this week operated the same number of oil and natural gas rigs for third week in a row, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and...
View ArticleNorth Sea companies scale up to stay alive, or leave
Weak prices, a mature basin, and energy transition pressures are driving consolidation in Europe’s North Sea oil and gas sector, with a dwindling number of independents struggling to make their mark in...
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