OPEC+ set to stick to modest output hike for July, sources say
OPEC+ is set to stick to an oil production deal agreed last year at its meeting on June 2 and raise July output targets by 432,000 barrels per day, six Continue Reading
OPEC+ Unlikely To Boost Oil Production More Than Planned
The OPEC+ group is expected to rubberstamp next week its moderate monthly increases in oil production when it decides output levels for July, six sources at OPEC+ told Reuters on Continue Reading
Nigeria Doubles Gasoline Subsidy Costs on War in Ukraine
Buildings destroyed during the Russian invasion wait to be renovated or demolished in Irpin, Ukraine on May 26. Photographer: Christopher Furlong/Getty Images Africa’s largest crude producer doubled its spending on Continue Reading
Pemex crude production hits new low in April amid global tightness
Highlights Pemex produced 1.5 million b/d of crude in April, the lowest since the 1970s Private operators continue to show good results Natural gas production rises slightly Crude production at Continue Reading
How Will China’s Covid Containment Policy Affect Emerging Markets?
China’s strict Covid-19 containment strategy is suppressing the country’s consumer demand and manufacturing output. The economic slowdown caused by this containment strategy poses a challenge for emerging economies that export Continue Reading
FID For $13.2B Louisiana LNG Project
This transaction represents the largest project financing in the world closed to date in 2022. Venture Global LNG has announced the successful closing of the $13.2 billion project financing for Continue Reading
In home of world’s biggest nuclear plant, a vote may shape Japan’s atomic future
Three days before a vote to choose their region’s next governor, a handful of residents in Kashiwazaki, a sleepy coastal town in northern Japan, stood by a road to hear Continue Reading
China’s Top Oil Trader Hires More Tankers to Ship Russian Crude
China’s oil trading giant Unipec has significantly increased the number of hired tankers to ship a key crude from eastern Russia. China International United Petroleum & Chemical Co., better known Continue Reading
How Australia Is Transforming Grids Away From Coal Power
The invasion of Ukraine has put the US and Europe on a wartime mission to abandon Russian fossil fuels. This series looks at speeding up zero-carbon alternatives by lowering political Continue Reading
CHINA DATA: May crude throughput to fall from two-year low on weak demand, maintenance
Highlights Utilizations only rise in low-risk regions like Sichuan Refining margin up on cheap feedstock, but domestic sales slow More export quotas to ease stock pressure China’s crude throughput is Continue Reading