OPEC+ confronts murky oil market fundamentals, geopolitics
OPEC and its allies head into 2025 much the same as last year, with the oil market outlook clouded by significant unpredictability around fundamentals. This time, however, the pending presidency of...
View ArticleRussia’s domestic LPG prices halve following EU embargo
Domestic prices of liquefied petroleum gas (LPG) in Russia halved in December from the previous month due to an influx of the fuel, exports of which have been curbed by European sanctions, Reuters...
View ArticleIndia to drive global oil demand growth till 2035: IEA Report
India is set to lead global oil demand growth until 2035, according to a recent report by the International Energy Agency (IEA). The report highlighted that India will add nearly 2 million barrels per...
View ArticleEuropean gas, LNG market eyes Plaquemines exports start on Russian supply...
European natural gas and LNG players followed the latest increase in US LNG export capacity as Venture Global’s Plaquemines LNG facility began exports, with the expiration of the Russia-Ukraine transit...
View ArticleOil holds steady in thin holiday trade
Oil prices were broadly steady on Monday in thin holiday trade at the end of the year, as traders awaited more Chinese and U.S. economic data later this week to assess growth in the world’s two largest...
View ArticleOil drifts higher in sparse holiday trade
Oil prices edged higher on Monday in thin end of the year trade as investors awaited more Chinese and U.S. economic data later this week to assess growth in the world’s two largest oil consumers. Brent...
View ArticleMiddle East Crude-Benchmarks extend gains to multi-month highs
Middle East crude benchmark spot premiums Oman, Dubai and Murban all extended rallies on Monday to multi-month highs, supported by enhanced buying appetite from China and India. The better demand from...
View ArticleTrump likely to expand oil sanctions on Iran, but may broaden tactics
President-elect Donald Trump is widely expected to expand oil sanctions on Iran and its trading partners to deter Tehran from sprinting to obtain a nuclear weapon, but some experts say he may shift...
View ArticleIndonesia plans to reactivate idle wells to reduce oil import
The Indonesian government has worked out a plan to reactivate idle wells across the country to decrease oil shipment from overseas, amid high price volatility, a minister said on Sunday. Indonesian...
View ArticleOil market is not ‘concerned’ with supply in 2025. Here’s why
Lipow Oil Associates President Andy Lipow discusses 2025’s global oil outlook under the upcoming Trump administration on Catalysts. Lipow identifies Trump’s expected deregulation policies and “drill...
View ArticleGlobal diesel prices to rely on refinery closures for support in 2025
The global diesel market will likely find price support in 2025 from the closure of about 1% of refining capacity, traders and analysts said, offsetting current weakness and structural downward...
View ArticleUS crude stocks decline less than forecasted, signaling weaker demand
The American Petroleum Institute (API) has released its weekly report on the inventory levels of US crude oil, gasoline, and distillates stocks. The data, which provides an overview of US petroleum...
View ArticleAs Russia-Ukraine gas deal ends, worries mount in EU’s east
Currently, Russian gas is still flowing through Ukraine’s pipeline network to the European Union (EU), generating revenue for Kremlin leader Vladimir Putin and funding his war against Ukraine. The...
View ArticleUS LNG gas demand hits record high on last day of the year
U.S. natural gas demand from LNG plants hit a record on Tuesday, the last day of the year, climbing to 15.2 billion cubic feed (bcf) in a sign of a strong year ahead from the startup of two new...
View ArticleOil rises as investors return from holidays, eye China recovery
Oil prices nudged higher on Thursday, the first day of trade for 2025, as investors returning from holidays cautiously eyed China’s economy and fuel demand following a pledge by President Xi Jinping to...
View ArticleUS oil executives expect faster permitting under Trump, says Dallas Fed
U.S. energy executives expect faster permitting times for drilling on federal lands under President-elect Donald Trump, according to a Federal Reserve Bank of Dallas survey released on Thursday. The...
View ArticleDigitalization could deliver long term benefits to oil and gas industry, says...
In recent years, the oil and gas industry has progressed from using digital technologies for select use cases to making their entire processes digital. Certain technologies—such as artificial...
View ArticleMiddle East Crude-Benchmarks fall from multi-month highs
Middle East crude benchmarks Oman, Dubai and Murban all moved downwards on the first trading day of this year amid thin trading. ASIA-PACIFIC CRUDE: The official selling price of a basket of...
View ArticleUS oil production rose to record high in October, EIA data shows
U.S. oil production rose 260,000 barrels per day (bpd) month-over-month to a record 13.46 million bpd in October as demand surged to the highest levels since the pandemic, data from the U.S. Energy...
View ArticleUS oil executives expect faster permitting under Trump, says Dallas Fed
U.S. energy executives expect faster permitting times for drilling on federal lands under President-elect Donald Trump, according to a Federal Reserve Bank of Dallas survey released on Thursday. The...
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