QatarEnergy’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 ArticleSaudi Arabia may increase February oil prices for Asia
Top oil exporter Saudi Arabia may raise crude prices for Asian buyers in February for the first time in three months, tracking gains in Middle East benchmark prices last month, traders said on...
View ArticleBrent crude outlook bearish on oversupply, grim oil demand; 2025 average...
International crude oil prices fell around three per cent in 2024, slipping for a second straight year, as the post-pandemic demand recovery stalled, China’s economy struggled, and the US and other...
View ArticleUS crude stocks fall, gasoline and distillate inventories rise – EIA
U.S. crude stocks fell while gasoline and distillate inventories rose in the week ending December 27, the Energy Information Administration (EIA) said. Crude inventories fell by 1.2 million barrels to...
View ArticleOil set for weekly gains as market eyes US and Chinese policy support
Oil prices were little changed on Friday and poised for weekly gains after closing at their highest in more than two months in the previous session, underpinned by expectations of further economic...
View ArticleUS fuel demand fell to lowest in two years last week, EIA says
Total U.S. petroleum product supplied fell by 3.3 million barrels per day (bpd) to about 18.5 million bpd in the week ended December 27, the lowest since January 2023, data from the U.S. Energy...
View ArticleDecline in Mexico’s crude and gas production could accelerate
With no new strategy to revitalize its exploration and production divisions and profound changes reshaping the ethos of the country, observers and experts warn the decline of Mexico’s Pemex crude and...
View ArticleMiddle East Crude-Benchmarks climb; market eyes increase in Saudi OSP
Middle East crude benchmark spot premiums for Oman, Dubai and Murban all rose on Friday amid expectations that top oil exporter Saudi Arabia may raise crude prices for Asian buyers in February for the...
View ArticleOil set for weekly gains on colder weather, Chinese policy support
Oil prices held steady on Friday, remaining poised for weekly gains after closing the previous session at their highest in more than two months, underpinned by colder European and U.S. weather and...
View ArticleOil set for weekly gains on colder weather, Chinese policy support
Oil prices held steady on Friday, remaining poised for weekly gains after closing the previous session at their highest in more than two months, underpinned by colder European and U.S. weather and...
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 ArticleU.S. crude oil production down last week
U.S. crude oil production averaged 13.573 million barrels per day (b/d) during the week ending Dec. 27, down by 12,000 b/d from the previous week, the U.S. Energy Information Administration (EIA) said...
View ArticleTrump says Britain is ‘making a very big mistake’ with windfall tax on North...
U.S. President-elect Donald Trump on Friday called on Britain to “open up” the North Sea, accusing the country’s Labour government of “making a very big mistake” with its energy tax policy. His...
View ArticleIndia’s Downstream and Upstream Oil and Gas Profits to Fall in FY25
Refining margins in India are likely to fall below mid-cycle levels in the financial year ending March 2025 (FY25) amid lower product cracks, regional oversupply, and lower benefits from price...
View ArticleNorth Sea Crude-Forties on offer
North Sea Forties crude differentials were stable on Friday as sellers were again looking to offload cargoes in the Platts window, albeit at slightly higher levels than in the previous session. PLATTS...
View ArticleUS oil and gas rigs unchanged for fourth straight week
U.S. energy firms this week kept the number of oil and natural gas rigs unchanged for the fourth week in a row, energy services firm Baker Hughes said in its closely followed report on Friday. The oil...
View ArticleGrades fall as export economics weaken
Physically traded domestic crude grades fell on Friday, dealers said, as the WTI/Brent spread narrowed, making transatlantic arbitrage economics less workable for traders. The spread between U.S. West...
View ArticleDiscount on Western Canada Select heavy crude narrows
The discount on Western Canada Select (WCS) heavy crude versus the North American benchmark West Texas Intermediate (WTI) narrowed on Friday: * WCS for February delivery in Hardisty, Alberta, settled...
View ArticleYear-2025 to see record oil output, but few recent lease sales may take...
The US Gulf of Mexico is headed for record oil production in 2025 of around 2 million b/d for at least the next couple of years, although the lack of regular lease sales in recent years could result in...
View ArticleScaling AI for maximum impact in oil and gas
The energy industry has embraced artificial intelligence (AI) as a lever for enhancing productivity and decision-making, and companies of all sizes are investing significant resources to develop and...
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