Global gas demand to grow at 1.6% per year until 2024: IEA
Global gas demand is expected to grow at a rate of 1.6% a year until 2024, fueled by Chinese consumption which will account for over a third of the demand Continue Reading
Many oil exporters ready for a July 2-4 OPEC meeting in Vienna: Novak
Many oil exporting countries have confirmed they are prepared to hold a policy meeting with OPEC in Vienna over July 2-4, instead of the scheduled date later this month, Russian Continue Reading
Saudis and Russia Debate Response to Oil-Price Swoon
Saudi Arabia and Russia—the world’s top crude exporters—disagree about how to respond to a free fall in oil prices, and their energy ministers are set to meet in Russia in Continue Reading
Qatar To Use Huge Wealth Fund To Diversify Energy Mix
Qatar plans to use money from its sovereign wealth fund to diversify its energy mix, its Finance Minister, Ali Shareef Emadi, said at the Petersburg International Economic Forum as quoted Continue Reading
Iran oil output may fall another 10-20% by end-2020: Rosneft CEO
Rosneft CEO Igor Sechin said Thursday that Iran’s oil output may fall by a further 10%-20% by the end of 2020, as US sanctions against it continue to hit production. Continue Reading
Saudi’s Falih: we don’t want to engage in race to up oil output
Saudi Energy Minister Khalid al-Falih on Friday said he is unwilling to engage in a race to increase oil output to compensate for lower prices, saying a return to the Continue Reading
U.A.E. Stops Short of Directly Accusing Iran Over Attacks on Ships
The United Arab Emirates said Thursday that special forces from a hostile nation likely carried out coordinated attacks last month on four ships near the Strait of Hormuz, but stopped Continue Reading
UAE tanker attacks blamed on ‘state actor’
The Saudi oil tanker Al-Marzoqah was one of the ships damaged The United Arab Emirates has told the UN Security Council a “state actor” was most likely behind attacks on Continue Reading
Nigeria: Oil Theft Costs Nigeria 100,000 Barrels Daily
A report has revealed that oil theft has replaced activities of militants, with Nigeria losing 100,000 barrels daily, running into trillions of naira. The report by Bloomberg showed that between Continue Reading
Nigeria: Delta Community, Chevron Tackle Escalating Oil Well Fire
Facts emerged yesterday that the April 18, 2019 oil well fire on Chevron Nigeria Limited (CNL)’s Ojumole Well 1 in Polobubo (Tsekelewu) community in Warri North Council, Delta State, is Continue Reading