Highlights OPEC+ supply could limit upside Stalled Iranian talks delaying supply recovery Shift to Chinese macroeconomic focus from vaccines Gas-to-oil switching and improving demand in Asia amid tighter inventories could Continue Reading
Oil crept higher as the potential boost to demand caused by the global energy crunch countered the impact of the crisis on the wider economy. Futures in New York edged Continue Reading
Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. REUTERS/Drone Base/File Photo LONDON, Sept 30 (Reuters) – Continue Reading
Oil fell after a U.S. industry report pointed to a build in crude stockpiles, cooling a rally that had pushed benchmark Brent past $80 a barrel. Brent futures slid back Continue Reading
Oil demand globally is recovering from the summer Delta variant spike faster than some observers had expected. Many analysts and oil companies see global oil demand returning to the pre-crisis Continue Reading
Oil producing countries could lose more than $80 billion dollars a year due to global gas flaring, according to GlobalData. Oil producing countries could lose more than $80 billion dollars Continue Reading
Gasoline stations running dry in Britain. Power costs surging in the European Union ahead of winter. Forced restrictions on energy use in China. And rising prices for oil, natural gas Continue Reading
OPEC+ is likely to stick to an existing deal to add 400,000 barrels per day (bpd) to its output for November when it meets next week, sources said, despite oil Continue Reading
Many hydrogen projects worldwide are now advancing toward initial financing, it is becoming apparent that the Gulf countries will need to move fast. The UAE could be among the lowest-cost Continue Reading
The Organisation of Petroleum Exporting Countries (OPEC) has once more warned that reducing investment in the oil and gas industry due to pressure from activists and climate change crusaders might Continue Reading
