A gradual oil demand recovery is largely on track as economies re-open, British bank Barclays said on Friday, adding that it remained constructive on oil prices despite rising coronavirus cases across Asia and potential return of Iranian supplies. It cut demand […]
India on Monday lost the ONGC Videsh Ltd-discovered Farzad-B gas field in the Persian Gulf after Iran awarded a contract for developing the giant gas field to a local company. “The National Iranian Oil Company (NIOC) has signed a contract worth USD 1.78 billion with Petropars […]
Denver — Despite ever-improving returns across nearly all US shale fields, publicly traded companies continue to demonstrate restraint in drilling and completion activity with production forecasts showing dips next month in every major basin but the […]
Iran is preparing to hike its oil exports to “maximum capacity” in the coming months, according to two Iranian oil sources. The move comes amid indications that negotiations between Washington and Iran in Vienna could […]
Fracking in North America has almost recovered to pre-pandemic levels, with the count of started frac jobs reaching a 12-month high in March 2021, a Rystad Energy report shows. The number of completed wells in […]
TRAVERSE CITY, Mich. (AP) — An Upper Midwestern oil pipeline continued operating Wednesday, despite a shutdown demand from Michigan Gov. Gretchen Whitmer that the operator warned could lead to fuel disruptions similar to those resulting […]
NEW YORK: Oil settled lower on Tuesday, tumbling from a two-month high after media reports said the United States and Iran have made progress on reviving a deal restricting the OPEC country’s nuclear weapons development, which would […]
Brent crude topped $70 a barrel in London for the first time since mid-March amid signs that recovering consumption has whittled away a glut of oil that built up last year at the height of […]
Austin, Texas (May 18, 2021) — Enverus, the leading global energy data analytics and SaaS technology company, has released its latest FundamentalEdge report. A Delicate Balance focuses on oil and gas’ current winning streak and includes the […]
Energy News Beat Publishers Note (ENB): The fact that Russia relies on an estimated 35% of its GDP from exports from energy, they do not want to disrupt the revenue source. “Besides, instability in the […]
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