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Nov 25, 2023
Iran Sees Its Oil Production Rising to 3.6 Million
Iran expects its oil production to rise to 3.6 million barrels per day (bpd) by the end of the
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Nov 25, 2023
Nigeria Records Flat Growth as Oil Price Decline
Nigeria’s economy recorded flat growth in the third quarter, as oil prices somewhat stabilized while the impact of reforms by the
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Nov 23, 2023
The U.S. And France Will Seek to Halt Private
Supported by the United States, France will propose at the COP28 climate summit in Dubai an exit of private
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Nov 23, 2023
Top Oil Fund Books Largest Outflows Since 2016 on
The world’s top oil fund, United States Oil ETF (NYSEARCA: USO), booked on Tuesday its biggest daily outflows since
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Nov 22, 2023
Australia’s Santos Warns of Lower Natural Gas
Australia’s energy major Santos has said it expects lower natural gas production next year as its Bayu-Undan offshore gas
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Nov 22, 2023
IEA Expects Oil Market Surplus Even If OPEC+
The current oil market deficit will turn into a slight surplus next year even if OPEC+ leaders Saudi Arabia
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Nov 22, 2023
Crude Oil Inventory Balloons but Gasoline, Diesel
Crude oil inventories in the United States rose again this week, adding 9.05 million barrels into inventory for week ending
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Nov 21, 2023
UAE Oil Giant and Australian Santos Team Up to
The national oil producer of the United Arab Emirates and Australia’s energy group Santos have teamed up to jointly
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Nov 21, 2023
Decommissioning Costs Could Overtake Oil and Gas
The costs of decommissioning oil and gas platforms in the UK’s North Sea could overtake capital expenditure in the
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Nov 21, 2023
JP Morgan Expects Brent Crude to Average $83 in
JP Morgan has forecast an average price for Brent crude of $83 per barrel next year amid a stable
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Nov 20, 2023
China Starts Building Oil Inventories Again
Chinese refiners switched from drawing to building oil inventories again in October, at a rate of over half a
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Nov 20, 2023
Oil Gains Over 4% Likely On Profit-Taking, Short
While fundamentals took over from the war-risk premium this week, pummeling oil prices, Brent crude was gaining over 4%
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Nov 20, 2023
Research in Lake Superior reveals how sulfur might
Geochemist Alexandra Phillips has sulfur on her mind. The yellow element is a vital macronutrient, and she’s trying to
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Sep 25, 2023
Warning over fuel prices as oil hits 10-month high
Drivers have been warned of rising fuel costs after global oil prices surged to their highest level for 10
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Aug 20, 2023
Petrol prices: Why are they going back up?
What is happening to petrol prices? Petrol and diesel prices have been on a rollercoaster ride this year. Recent
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Aug 5, 2023
Saudi Arabia may raise Sept crude prices for a
Saudi Arabia, the world’s biggest oil exporter, may raise its price for Arab Light crude for sale to Asian
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Jul 26, 2023
WHY IS MTBE USED AS A FUEL ADDITIVE?
Methyl tertiary-butyl ether (MTBE) is a chemical compound made from a chemical reaction of methanol and isobutylene. At one
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Jul 1, 2023
EID MUBARAK
Eid al-Adha is the second and the largest of the two main holidays celebrated in Islam. It honours the willingness of Abraham (Ibrahim)
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Apr 21, 2023
Happy Eid al-Fitr
May all your dreams come true on this holy day and Allah’s blessings are upon you and your family
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Mar 2, 2023
China’s March imports of Russian oil may hit
China’s seaborne imports of Russian oil are set to hit a record this month after refiners took advantage of
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Feb 5, 2023
February official selling prices for LPG
Liquefied petroleum gas (LPG) is a low-carbon, long-lasting, and energy-efficient fuel. It benefits consumers, businesses, and the environment because
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Jan 16, 2023
Petrol below £1.50 a litre for first time since
Average petrol prices have fallen below 150p a litre for the first time since Russia invaded Ukraine, the AA
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Jan 3, 2023
LPG price slashed by Rs11.6/kg for Jan 2023
After a decrease in the prices of Propane and Butane by Saudi Aramco, the government on Friday also slashed
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Dec 26, 2022
MERRY CHRISTMAS & HAPPY NEW YEAR
Christmas is a time to believe in something greater than yourself—even for just one night and is forever—not just
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Dec 18, 2022
Sulfur Market Size, Share & COVID-19 Impact
KEY MARKET INSIGHTS The global sulfur market size was USD 5.40 billion in 2020. The market is projected to
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Dec 11, 2022
Premium or Regular Gas?
For those who are curious about whether to buy premium or regular gas, this short guide will explain the
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Dec 7, 2022
Closing price of Brent, OPEC basket, and WTI crude
On Decemeber 5, 2022, the Brent crude oil price stood at 82.68 U.S. dollars per barrel, compared to 76.93
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Dec 7, 2022
Petrol prices dropping too slowly
There is evidence that “rocket and feather” fuel pricing happened in 2022, a competition watchdog has said. This is
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Nov 19, 2022
Petrol prices: What is fuel duty and is it going
A possible increase in fuel duty would see petrol prices rise by about 12p a litre. The increase is
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Nov 7, 2022
Aramco and IBM aim to establish an Innovation Hub
Aramco and IBM (NYSE: IBM) announced preliminary plans for a strategic collaboration to establish an Innovation Hub in Riyadh,
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Oct 23, 2022
Ripple effects of Russia-Ukraine war on global
The Russia-Ukraine war is having an outsized impact on the global supply chain, impeding the flow of goods, fueling
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Aug 23, 2022
Euro falls to fresh two-decade low, dollar exudes
The euro dropped to a fresh two-decade trough on Tuesday as Europe was buffeted by concerns about energy supply
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Aug 13, 2022
LPG Monitor as of 01 August 2022
LPG Contract Price (CP) LPG Contract Price (CP), commonly called the “Saudi CP” is the primary driver of LPG
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Jun 15, 2022
Base Oil Classification
MINERAL OIL Modern refining technology technicians has made it possible to produce lubricants of good quality from a wide
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May 15, 2022
The best fuel for cars
What’s the best fuel for your car? Choosing the right fuel at the petrol pump can be so confusing.
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May 1, 2022
Eid al-Fitr Mubarak
It will be possible to observe the crescent moon of Shawwal, indicating the tenth month of the Islamic calendar,
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Apr 19, 2022
Gas Prices Explained Five Fast Facts About U.S.
1.Petroleum prices are determined by market forces of supply and demand, not individual companies, and the price of crude
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Apr 10, 2022
Fuel prices have stabilised for the first time
Average fuel prices slipped from record highs on 21th of March, with petrol at nearly £1.67 a litre and
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Apr 9, 2022
Ramadan Mubarak
Ramadan, in Islam, the ninth month of the Muslim calendar and the holy month of fasting, begins and ends
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Mar 13, 2022
Why do the oil prices matter to the global economy?
Oil prices are strongly influenced by the global economic outlook. Changes in supply and demand and geopolitical tensions cause
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May 12, 2021
Eid al-Fitr Mubarak.
The traditional phrase of ‘Eid Mubarak’ is used by Muslims to greet each other during the Eid al-Fitr and
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Feb 14, 2021
Precious Metals & Energy – Weekly
Oil was up Thursday morning in Asia, after the Organization of the Petroleum Exporting Countries and allies, or OPEC+,
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Feb 9, 2021
Oil climbs to 13-month highs on output cuts,
Oil was up Thursday morning in Asia, after the Organization of the Petroleum Exporting Countries and allies, or OPEC+,
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Feb 6, 2021
Oil Up After OPEC+ Keeps Production Cuts
Oil was up Thursday morning in Asia, after the Organization of the Petroleum Exporting Countries and allies, or OPEC+,
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Sep 6, 2020
Hedge Funds Bet Against A Smooth Oil Market
The sluggish global oil demand recovery is putting off the point of oil market rebalancing and adding downward pressure
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Jun 27, 2020
Global oil markets in healthier place, says Adnoc
The global oil markets are in a “healthier place” compared to two months ago as renewed industrial and commercial
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Jun 27, 2020
Oil Ends Down 3% on Week on Fears of More Economic
Oil prices fell around 3% on the week on fears of more economic disruptions as Covid-19’s rampage continues to
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Jun 15, 2020
Oil falls on growing fears of a second wave of
Oil prices fell on Monday as new coronavirus infections hit China, Japan and the United States, adding to concerns
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Jun 14, 2020
Iran prepared to retaliate if U.S. stopped
An Iranian news agency close to the elite Revolutionary Guards said on Saturday Iran’s naval forces were preparing to
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Jun 14, 2020
Midstream Oil Companies Are Beginning To Feel The
Despite the fee-based and take-or-pay business models of energy infrastructure operators, the midstream sector is not immune to the
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Jun 14, 2020
The Cowboy State Is Hurting As Low Oil Prices
The Cowboy State is struggling. Low demand for oil, gas, and coal is crippling the local economy, and lawmakers
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Jun 10, 2020
Shell CEO Says LNG Market Will Recover to
Royal Dutch Shell Plc, the world’s largest liquefied natural gas trader, expects buying and selling of the fastest-growing fuel to recover
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Jun 8, 2020
Oil Up on Back of Extended OPEC Production Cuts
Oil was up on Monday morning in Asia, after OPEC extended its existing production cuts into July on Saturday,
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Jun 8, 2020
Oil prices extend gains on OPEC+ cuts, record
Oil climbed on Monday after major producers agreed to extend a deal on record output cuts to the end
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Jun 2, 2020
Russian oil output falls to 9.39 million bpd in
Russian oil and gas condensate production fell to 39.7 million tonnes (9.39 million barrels per day) in May, near
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Jun 1, 2020
Iran says it is ready to continue fuel shipments
Iran will continue fuel shipments to Venezuela if Caracas requests more supplies, the Iranian Foreign Ministry spokesman said on
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Jun 1, 2020
Saudi Arabia may raise July oil prices to Asia:
Top oil exporter Saudi Arabia is expected to raise its official selling price (OSP) for all grades it sells
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Jun 1, 2020
Oil prices edge down as wary traders eye upcoming
Oil prices edged down on Monday as traders took profits, with the Organization of the Petroleum Exporting Countries (OPEC)
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May 31, 2020
Is Lebanon’s Natural Gas Boom Dead In The Water?
Description: Absent any discovery thus far, there has been little talk as to what to do with Lebanon’s offshore hydrocarbons,
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May 31, 2020
Only One Oil Major Is Betting Big On Renewable
Investments in solar and wind energy projects by the world’s oil majors over the next five years are expected
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May 31, 2020
A Nightmare Scenario For Offshore Oil
Between low demand, soaring inventories, depressed prices, a global pandemic, and now, hurricane season, it seems a perfect storm
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May 31, 2020
Iranian fuel reaches Venezuelan stations as prices
Fuel shipped from Iran began arriving at Venezuela’s gasoline stations on Saturday, just hours before President Nicolas Maduro announced
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May 30, 2020
OPEC Compliance With Output Cuts Was Only 74% In
Not even a full month into OPEC’s deep production cut agreement, rumors have already surfaced that there is a
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May 30, 2020
U.S. pipeline operator Energy Transfer warns of
U.S. pipeline operator Energy Transfer LP will begin cutting about 6% of its workforce next week, underscoring the spreading impact
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May 30, 2020
Sale of shut Philly refinery to real estate
The closing of a $252 million sale of the Philadelphia Energy Solutions (PES) oil refinery to a Chicago-based real
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May 28, 2020
Oil Extends Losses After Surprise Jump in U.S.
Oil extended losses after an industry report showed a surprise jump in U.S. crude stockpiles last week. West Texas Intermediate crude
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May 28, 2020
Oil Mixed as U.S.-China Tensions Heat Up
Oil was mixed on Thursday morning in Asia, with the black liquid clawing back some losses from its second
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May 28, 2020
Oil drops as surprise U.S. stock build douses
Oil prices slid for a second consecutive session on Thursday as U.S. industry data showed a steep and surprising
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May 27, 2020
Third Iranian fuel cargo reaches Venezuelan
The third cargo of an Iranian tanker flotilla carrying fuel for gasoline-thirsty Venezuela on Tuesday reached the nation’s exclusive
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May 27, 2020
Oil slips on demand worries, Hong Kong tensions
Oil prices fell on Wednesday on revived concerns over how quickly fuel demand will recover even as coronavirus lockdowns
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May 27, 2020
Oil Down Over Demand Recovery Warnings and Hong
Oil was down on Wednesday morning in Asia on the back of analyst warnings over the fragile demand recovery.
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May 26, 2020
Russia’s Energy Minister Sees Oil Market
Amid the coronavirus pandemic, oil demand has plummeted over the last few months but Russia’s oil minister sees the
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May 26, 2020
Oil Gains on Hopes for Demand Rebound as Virus
Oil prices rose in Asia after the head of the International Energy Agency gave an upbeat assessment on the
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May 26, 2020
Why Bitcoin Miners Should Head To Oil Country
In 2017, bitcoin burst into the global consciousness when it soared from below $1,000 to nearly $20,000. It then
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May 26, 2020
Oil Up on Back of Russian Production Cuts
Oil was up on Tuesday morning in Asia with Russian expectations of a rebalancing of the market by June
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May 26, 2020
Oil prices rise on supply cut hopes, easing of
Oil prices climbed on Tuesday, boosted by increasing faith in the market that producers will stick to commitments to
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May 21, 2020
Oil Demand Will Take Months to Recover in No. 3
It’s going to take months for oil demand in the world’s third-biggest market to get back to pre-virus levels
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May 21, 2020
Oil Up After Production Cuts Show Effects, But
Oil was up on Thursday morning in Asia, continuing its gains from the previous session. Brent oil futures gained
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May 20, 2020
Oil Rises as Supply Cuts, Improving Demand Signal
Oil gained in a day of choppy trading as investors weighed supply cuts and a demand rebound against an
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May 20, 2020
Malaysia’s Petronas inks first LNG virtual
Malaysia’s national oil firm, Petroleum Nasional Bhd, has concluded a sales and purchase agreement with Tiger Clean Energy Limited
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May 20, 2020
Asian jet fuel refining margins turn positive
Asian refining margins for jet fuel turned positive for the first time in a month, bolstered by deep supply
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May 20, 2020
Angola’s oil exploration evaporates as
The coronavirus pandemic has done in a handful of months what even a 27-year civil war did not: it
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May 19, 2020
Coronavirus creates repair headache for oil and
The coronavirus pandemic has disrupted maintenance at oil and gas projects and refineries from Russia’s the Far East to
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May 18, 2020
A month after negative oil prices, U.S. crude
A month after sellers had to pay nearly $40 a barrel to get rid of U.S. oil futures, the
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May 18, 2020
Oil prices hit one-month highs on output cuts,
Oil prices climbed by more than $1 a barrel on Monday, supported by output cuts and signs of gradual
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May 18, 2020
Coronavirus widens climate rift between European
Europe’s top oil and gas companies have diverted a larger share of their cash to green energy projects since
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May 17, 2020
Oil Prices Stage a Modest Recovery as Demand Rises
The U.S. benchmark approached $30 a barrel, a month after briefly falling below zero, but it’s still far from
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May 17, 2020
Wary of U.S. Crude, Investors Bet on Gasoline and
U.S. gasoline demand is “the big enchilada,” says one analyst The coronavirus pandemic has stalled factories and shut down
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May 16, 2020
US working natural gas volumes in underground
The US Energy Information Administration reported a second consecutive triple-digit build, but production declines could affect the injection for
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May 16, 2020
Singapore fuel oil stocks at 8-week high despite
Singapore’s residual fuel oil inventories rose 4% in the week ended May 13 despite lower net import volumes, official
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May 16, 2020
US oil, gas rig count falls 29 to 369 in 9th
The total US oil and gas rig count fell 29 to 369 on the week, rig data provider Enverus
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May 16, 2020
Nigeria cutting oil output by nearly a quarter
OPEC member Nigeria has reined in oil production to bring Africa’s top crude exporter into line with an agreement
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May 14, 2020
A resurgence of coronavirus cases will have ‘major
In its closely-watched monthly report, the IEA’s outlook for oil demand showed a fall of 8.6 million barrels per
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May 14, 2020
Oil crash pain drives potential gain for west
A slump in energy prices that has led to the deferral of liquefied natural gas (LNG) projects around the world is
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May 13, 2020
Oil falls on second wave outbreak fears, rise in
Oil prices fell on Wednesday on worries about a possible second wave of coronavirus cases in countries starting to
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May 12, 2020
Asia’s pandemic stimulus may slow the demise
Coal power plant construction will push ahead in Asia despite falling electricity demand and environmental concerns as policymakers prioritize
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May 12, 2020
Saudi Aramco first-quarter net profit slides 25%
Saudi Arabian state oil giant Aramco on Tuesday reported a 25% fall in first-quarter net profit, below analyst estimates, hurt
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May 11, 2020
Oil Stockpiles Have Stopped Growing in the World’s
The great oil glut of 2020 may have already peaked in the world’s biggest crude importer. Crude inventories in
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May 11, 2020
Oil Down as Oversupply Fears Continue to Loom
Oil was down on Monday morning in Asia, giving up some of its gains from the last session. Brent
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May 11, 2020
Oil prices drop amid supply glut, fears of 2nd
Oil prices slid nearly $1 a barrel on Monday as concern over a persistent glut and economic gloom caused
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