The Market Is Ignoring The Surge In U.S. Oil Output
Bullish Wall Streets banks see supply deficits in 2022, while OPEC, the IEA and the DoE are forecasting surpluses. Standard Chartered says a surge in U.S. oil output in Q4-2021 Continue Reading
Low Oil Inventories Suggest Imminent Supply Deficit
The global crude market could follow natural gas markets as inventories continue to dwindle The International Energy Agency, this month, reported on a gap between its global inventory calculations and Continue Reading
OPEC+ Still Expects Oil Surplus This Year
OPEC+ still expects the global oil market to be in a surplus this year, but has revised the overhang by 100,000 bpd to 1.3 million bpd, Reuters reported citing the Continue Reading
OPEC, Allies Agree to Pump More Oil Amid Supply Concerns
OPEC and its allies agreed to a small, planned increase in crude production amid soaring oil prices, with concerns over supply heightened due to a possible Russian invasion of Ukraine. The Continue Reading
OPEC+ group’s go-slow strategy may do little to ease Asia’s pain
OPEC and its allies agreeing to a modest output hike may do little to soothe Asian buyers struggling with high oil prices, as concerns loom about the group’s production target Continue Reading
Arab Gulf’s Only Coal-Fired Power Plant to Switch to Gas
The Hassyan power station near Dubai. Dubai plans to convert the Hassyan power station, the Arab Gulf’s first and only coal-fired power plant, to use natural gas. The move will Continue Reading
Soaring Commodity Prices Could Crush Demand In India
Demand for commodities is beginning to crumble in India. With oil at $90 or nearly $90 a barrel these days, Indian purchases could slow down going forward. India’s imports in Continue Reading
KRG extends gas pipeline network, raising potential for exports
Iraq’s semi-autonomous Kurdistan Regional Government (KRG) is extending its gas pipeline network toward the Turkish border — a project that promises to unlock gas supplies at multiple fields, increase domestic Continue Reading
Shell Is Betting Big On Namibia’s Oil Boom
Tom majored in International Business at Amsterdam’s Higher School of Economics, he is Oilprice.com’s Head of Operations While all recent oil exploration attention has been on Exxon’s ( massive string Continue Reading
Shell delays expansion work at Nigeria’s Bonga oil field by two years: sources
Shell had resolved tax dispute with NNPC only last year Development a blow to Nigeria’s quest to raise oil output Shell has delayed expansion work at its Nigerian offshore Bonga Continue Reading