Libya plans to increase oil, gas production to 2 mln barrels per day over...
The Acting Chairman of Libya’s state-owned National Oil Corporation (NOC) Masoud Sulaiman said on Saturday the company plans to increase daily oil and gas production to two million barrels over the...
View ArticleUS LNG production ramp-up likely to help ease summer competition between...
A ramp-up of new US LNG production capacity could help ease the potential competition for cargoes between Europe and Asia, even as market participants focus on summer procurement activity in South and...
View ArticleIndia is staring at an ‘oil shock’ as U.S. sanctions on Russian crude loom
India’s days of buying cheap Russian oil could be over. Sweeping sanctions by the U.S. against Russia’s energy companies and operators of vessels that transport oil will complicate Indian efforts to...
View ArticleA delayed energy transition could make or break the upstream sector
As the risk of a delayed energy transition scenario increases, so does the possibility of a much greater pull on future oil & gas supply. But meeting this demand would require a significant...
View ArticleOil price trend break runs out of gas ahead of key levels
A four-week bull run and a clear breach of weekly trend resistance led to a Friday five-month peak of $82.63 but the oil price is now stalling ahead of big technical hurdles. Much depends on a lasting...
View ArticleOil slips as traders digest Trump tariff reprieve, plan to boost US oil output
Oil prices fell on Tuesday as investors assessed U.S. President Donald Trump’s plans to apply new tariffs later than expected while boosting oil and gas production in the United States. Brent crude...
View ArticleMiddle East Crude-Benchmarks ease for second day after strong weekly rally
Middle East crude benchmarks Oman, Dubai and Murban declined for a second session on Tuesday after hitting their highest in more than one year last week. The strong rally was underpinned by the latest...
View ArticleTrump declares energy emergency, orders policy reviews to boost output
President Donald Trump issued an Unleashing America’s Energy executive order and declared a national energy emergency within hours of being sworn in. The unleashing energy order set broad US policy...
View ArticleEIA forecasts lower oil price in 2025 amid significant market uncertainties
We forecast benchmark Brent crude oil prices will fall from an average of $81 per barrel (b) in 2024 to $74/b in 2025 and $66/b in 2026, as strong global growth in production of petroleum and other...
View ArticleCan Trump overturn Biden’s offshore drilling ban?
President Donald Trump in an executive order on Monday revoked a ban, opens new tab imposed by former Democratic President Joe Biden on new offshore oil and gas development along most of the country’s...
View ArticleKuwait’s KPC CEO says oil production capacity exceeds 3 million bpd
Kuwait’s oil production capacity now exceeds 3 million barrels per day, Kuwait Petroleum Corporation (KPC) CEO Sheikh Nawaf Saud al-Sabah told reporters on Tuesday. The country’s oil production...
View ArticleNorway’s overall oil, gas output in line with forecast in December
Norway’s combined oil and gas production was broadly in line with an official forecast in December, the Norwegian Offshore Directorate (NOD) said on Tuesday. Norway is Europe’s largest supplier of...
View ArticleUS energy mergers may slow in 2025 as deal sizes shrink, says Enverus
The pace of U.S. upstream public-to-public mergers could slow in 2025 from their recent average of five per year along with a fall in deal sizes, according to a report from energy analytics firm...
View ArticleUS natgas demand expected to hit record high after holiday weekend freeze
U.S. natural gas demand is on track to reach a record high next week as extreme cold hits the U.S., stressing power grids for a second straight year on the day after the Martin Luther King Jr. Day...
View ArticleChina’s vast refining sector faces shakeout as fuel demand peaks
Up to 10% of China’s oil refining capacity faces closure in the next ten years as an earlier-than-expected peak in Chinese fuel demand crushes margins and Beijing’s drive to wring out inefficiency...
View ArticleThe Commodities Feed: Tariff threat weighs on the complex
Energy – Freeport outage sees TTF surge The oil market’s attention is slowly turning away from US sanctions against Russia towards President Trump’s potential trade policy, which saw Brent settle below...
View ArticleOil extends drop as investors watch Trump 2.0 policies
Oil prices dipped on Wednesday extending the previous session’s declines as markets weighed U.S. President Donald Trump’s declaration of a national energy emergency on his first day in office and eyed...
View ArticleMiddle East Crude-Benchmarks drift lower as oil extends declines
Middle East crude benchmarks Oman, Dubai and Murban drifted lower for a third session on Wednesday amid a decline in oil prices. Oil prices trended lower after Trump on Monday laid out a sweeping plan...
View ArticleOil prices hold near one-week low as investors watch US Trump tariff policies
Oil prices held near a one-week low on Wednesday as the market considers how U.S. President Donald Trump’s proposed tariffs could affect global economic growth and demand for energy. Brent futures fell...
View ArticleChina’s oil product demand to extend decline by 2% in 2025: CNPC ETRI
China’s oil product demand is expected to continue declining to 382 million mt in 2025, although the reduction is forecast to slow to 1.9% year over year, compared with 2.4% in 2024, from the peak in...
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