The excess oil inventories of the past year have been all but depleted, and a strong demand rebound in the second half this year could lead to even steeper stock draws, the International Energy Agency […]
Despite OPEC+ output reductions and the extra 1 million barrels per day (bpd) voluntarily cut by Saudi Arabia that lowered the Kingdom’s crude oil output to around 8 million bpd in February and March (the […]
You have to listen, watch, or read this interview on The Energy News Beat Podcast! We interview Ryan Ray, who is the most fun podcaster in the oil and gas market! It did not take […]
Source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO) We published a Summer Electricity Outlook supplement, which provides more detail about our forecasts for U.S electricity consumption, power generation, and electricity prices for the upcoming summer months of June, July, […]
Taipei, 12 May (Argus) — South African bank Nedbank has halted all direct funding of new oil and gas exploration projects as part of its commitment to align its business with the Paris climate agreement’s […]
Shell Offshore Inc. (“Shell”), a subsidiary of Royal Dutch Shell plc, today announced a significant discovery at the Leopard prospect in the deep-water U.S. Gulf of Mexico (GoM). The Leopard well encountered more than 600 feet (183 meters) net oil pay […]
KHARTOUM, – The United Arab Emirates has committed to supplying Sudan’s full requirements of petroleum products through a contract by the UAE‘s state oil producer ADNOC, Sudan’s cabinet affairs minister Khalid Omer Yousif told Reuters on Tuesday. Sudan has had frequent […]
LONDON: OPEC on Tuesday stuck to its prediction of a strong recovery in world oil demand in 2021 as growth in China and the United States counters the coronavirus crisis in India, an outlook that bolsters the group’s plan to […]
A small U.S. solar company, GAF Energy, said on Tuesday it would move its manufacturing out of Asia to a new facility in Silicon Valley as it seeks to develop a next-generation technology to integrate solar panels with roof […]
NEW YORK: The industry group representing oil and gas companies including Exxon Mobil Corp and Chevron Corp said on Thursday it supports a carbon price as one measure to mitigate climate change risk. Oil and gas trade group the American […]
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