US energy secretary Jennifer Granholm spoke with Prince Abdulaziz ahead of today’s meeting and emphasised the importance of ensuring “affordable” energy for consumers. Brent crude prices have remained above $60/bl since early February. Rolling over […]
The U.S. called Saudi Arabia on the eve of an OPEC+ meeting to highlight the importance of “affordable energy,” adding another element of uncertainty into the group’s decision on production cuts. The cartel is heading […]
Singapore — 0250 GMT: Crude oil futures rose during Asian mid-morning trade April 1 after data from the US Energy Information Administration showed a draw in crude and gasoline inventories, with the market gleaning further support […]
A panel of OPEC+ technical experts agreed to revise down oil-demand estimates for 2021 after Saudi Arabia suggested that the figure looked too high, delegates said. The move, which was also supported by Algeria, comes […]
Energy News Beat Publishers Note: George Friedman has an outstanding look at world political winds and their impact on economic implications. Sign up for his newsletter at geopoliticalfutures.com. I’ve often written about chokepoints – those […]
Energy News Beat Publishers Note: The new China – Iran oil deal will also impact supply outside the OPEC and OPEC + quotas. As OPEC and its allies prepare for another decision on oil output, […]
Russia would support broadly stable oil output by OPEC+ group of leading global oil producers in May, while seeking a relatively small output hike for itself to meet the rising seasonal demand, a source familiar […]
High-skilled oil and gas workers and the supply chain will not be left behind in the transition to a low carbon future, the Britain government vowed on Wednesday as a landmark North Sea Transition Deal is agreed with industry. […]
Beijing, 25 March (Argus) — Profit at China’s biggest energy firm state-controlled PetroChina fell by 58pc to 19bn yuan ($2.94bn) last year, a result the company described as “better than expected” given the impact of […]
The world is likely to see peak demand for petrol by the late 2020s and for diesel by 2035, but auto fuels will continue to see growth in India as the economy expands, a senior petroleum ministry official said […]
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