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Oil&Gas

Oil&Gas
2024, January, 29, 06:40:00
CHINA NEED OIL & GAS
CNOOC expects production to continue growing over the next two years, with plans to reach 2.25 million boe/d in 2026.
Oil&Gas
2024, January, 22, 06:50:00
PHILIPPINES NEED OIL
Beijing’s agenda in the South China Sea may also be spurred by energy interests
Oil&Gas
2023, December, 6, 06:35:00
CLIMATIC MARKETS CARTHASIS
Extreme weather events,food supply disruption add urgency to energy transition.Panama Canal drought has effectively reduced carrying capacity due to climate change. Green deal creating incentives on critical minerals.
Oil&Gas
2023, November, 23, 06:50:00
RUSSIAN OIL GAS PRODUCTION DOWN
Russia is expected to reduce both oil and natural gas production this year, according to Deputy Prime Minister Alexander Novak. Oil is projected to fall by 8 million tons to 527 million tons, compared to 535 million tons last year, he said.
Oil&Gas
2023, November, 17, 06:50:00
OIL PRICES 2023-24: $90 - $93
The Brent crude oil price will increase from an average of $90 per barrel (b) in the fourth quarter of 2023 to an average of $93/b in 2024.
Oil&Gas
2023, November, 3, 06:55:00
RUSSIAN OIL, GAS FOR CHINA
Russia is counting on a planned new pipeline to China as it seeks to make up for lost gas sales in Europe, but industry insiders see major political risks around a project that is overly dependent on one buyer and question whether it will justify the huge costs.
Oil&Gas
2023, November, 3, 06:25:00
U.S. FOSSIL FUELS CHOICE
In the United States last year, according to the Energy Information Administration, natural gas accounted for 39.9 percent of electricity production; coal, 19.7 percent; nuclear, 18.2 percent; and renewables, the rest, although these are coming on fast.
Oil&Gas
2023, October, 27, 06:55:00
GLOBAL OIL WILL STAY
Prince Abdulaziz said that the energy transition will require hydrocarbons including petrochemicals.
Oil&Gas
2023, October, 13, 06:50:00
OIL PRICES 2023-24: $84 - $95
The Brent spot price increasing to average $95 per barrel (b) in 2024.
Oil&Gas
2023, October, 6, 06:05:00
NORWAY OIL, GAS PRODUCTION 2.006 MBD
Preliminary production figures for August 2023 show an average daily production of 2 006 000 barrels of oil, NGL and condensate.
Oil&Gas
2023, August, 25, 06:35:00
OIL PRICES 2023-24: $83 - $86
The Brent crude oil spot price averages $85 per barrel (b) in August. The Brent price averaging $86/b in the second half of 2023 (2H23).
Oil&Gas
2023, August, 25, 06:20:00
NORWAY OIL, GAS PRODUCTION 2.036 MBD
Preliminary production figures for July 2023 show an average daily production of 2 036 000 barrels of oil, NGL and condensate.
Oil&Gas
2023, July, 14, 06:55:00
OIL PRICES 2023-24: $80 - $84
The Brent crude oil spot price will average $80 per barrel (b) in 4Q23 and $84/b in 2024.
Oil&Gas
2023, July, 14, 06:45:00
RUSSIAN ENERGY REVENUES DOWN
The central bank still expects a current account surplus of $47 billion this year and $38 billion in 2024. On Tuesday, it said in a statement that Russia’s worsening trade balance was caused by a decrease in export volumes as well as the decline in prices mainly for energy exports.
Oil&Gas
2023, July, 7, 06:30:00
RUSSIA: SENTINEL OF THE GLOBAL BREAD BASKET
Oil-entropy is still ongoing,somewhat of a tug of war developing with a mix of SPR watch outs.At least the volume on the Geopolitics has toned down a bit,maybe on the 'baguette' side of life where protests have been rocking Paris.Taiwan presidential hopeful vows to maintain peace with China.