Even after 2050, global oil demand is set to continue to rise because renewables cannot entirely replace fossil fuels, energy markets expert Anas Alhajji said during a recent energy conference Continue Reading
The United Arab Emirates energy minister said on Tuesday low gas prices were not sustainable and a recent hike reflected market fundamentals and a lack of investment in the sector. Continue Reading
Oil dropped as risky assets began the week on the back foot and the dollar gained ahead of a Federal Reserve meeting that’s expected to see stimulus scaled back. Futures Continue Reading
IEA’s Birol Sees High Gas Prices for `Weeks to Come’ Oil dropped as risky assets began the week on the back foot and the dollar gained ahead of a Federal Continue Reading
A cross-section of Wall Street experts has been downplaying the recent surge in oil prices, saying that it’s unlikely to hurt the global recovery. One indicator that lends credence to Continue Reading
Highlights Importers say price level is ‘extreme’ for this time of year Buyers shying away from spot LNG procurement Utilities switching to coal, fuel oil amid gas price surge Asian Continue Reading
Surging energy prices in Europe are hurting more than just consumers. The price spikes have started to hit industrial activities, threatening to deal a blow to the post-COVID recovery in Continue Reading
Hurricane Ida is now officially the most devastating hurricane ever in terms of oil production disruption, and experts expect the outages to last throughout the month of September Friday, September Continue Reading
Brent oil futures dipped on Friday but held above $75 a barrel, remaining on track for weekly gains of more than 3% thanks to the slow recovery in output after Continue Reading
In this week’s edition of oil and gas industry hits and misses, Rigzone’s regular market watchers look at OPEC’s latest forecast, continuing U.S. Gulf of Mexico outages, price movements and Continue Reading
