Shell’s gas production could be triple oil by 2050:
Royal Dutch Shell could boost its share of natural gas production to triple that of oil in order to meet self-imposed goals to halve carbon emissions by 2050, Chief Executive Continue Reading
Russia Not Joining OPEC, But Need To Cooperate Is ‘Obvious’
Russia sees no reason to join OPEC, but the need to continue the OPEC/non-OPEC cooperation in some form after the production cuts end is obvious , Russia’s first deputy minister Continue Reading
Shell To Enforce 3:1 Ratio For Gas And Oil Output
CERAWeek . “Over time, this net carbon footprint ambition will transform our company’s product mix,” van Beurden said. The company’s targets aim to lower emissions from its own operations and Continue Reading
Oil caught in broader market downdraught as concern grows over U.S. trade
Oil fell on Wednesday, in line with a broad decline on global financial markets, after a key advocate for free trade in the U.S. government resigned, feeding concern that Washington Continue Reading
Oil futures settle nearly flat ahead of weekly US inventory data
Oil futures were little changed Tuesday, tracking US stock market fluctuations in positive and negative territory as traders await further signs on the White House’s direction on trade policy. US Continue Reading
Oil Prices Fall After API Reports Major Crude Build
The American Petroleum Institute (API) reported a huge build of 5.661 million barrels of United States crude oil inventories for the week ending March 2, according to the API data. Continue Reading
What’s Driving Oil Prices Back Up?
The IEA warned that the oil industry was not investing enough in new supply, a problem that could become clear in the 2020s. – Spending on conventional oil fields jumped Continue Reading
OPEC FEB CRUDE OIL OUTPUT 32.39 MIL B/D, DOWN 70,000 B/D FROM JAN: PLATTS SURVEY
OPEC production well below ceiling of 32.73 million b/d Saudi output 9.98 mil b/d, Iraq 4.43 mil b/d, Iran 3.83 mil b/d Libya crosses 1 mil b/d threshold, Nigeria hits Continue Reading
Global oil sector needs $20 trillion investments over 25 years: Aramco CEO
The global oil and gas industry needs to invest more than $20 trillion over the next 25 years to meet expected growth in demand and compensate for the natural decline Continue Reading
Nigeria Can Produce Oil At $20 A Barrel
The Nigerian National Petroleum Corporation can produce crude oil at around US$20 a barrel, but there are plans to bring this even lower, to US$15 a barrel, the company’s group Continue Reading