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IEA Draws Gloomy Oil Demand Outlook For 2020

IEA Draws Gloomy Oil Demand Outlook For 2020

A weakening global economy and…

How Much Energy Would It Take To Travel Through Time?

How Much Energy Would It Take To Travel Through Time?

Time travel has always fascinated…

News

Is This The End Of China’s Gas Boom?

Is This The End Of China’s Gas Boom?

Oct 15, 2019 at 09:50 | Tsvetana Paraskova

Chinese demand for natural gas is forecast to rise by 10 percent this year, a slower growth rate than in previous years, as slowing economic growth impacts demand, state-run…

Brazil Eyes A $1.45 Billion Payday As Big Oil Flocks To Pre-Salt

Brazil Eyes A $1.45 Billion Payday As Big Oil Flocks To Pre-Salt

Oct 15, 2019 at 09:38 | Irina Slav

Brazil expects to pocket some $1.45 billion (6 billion reias) from the sixth round of oil and gas block licensing for the pre-salt zone offshore. Reuters reports, citing the special…

Billion-Dollar Acquisitions Are Taking The Permian By Storm

Billion-Dollar Acquisitions Are Taking The Permian By Storm

Oct 15, 2019 at 09:24 | Irina Slav

Whiting Petroleum is talking acquisition with Abraxas Petroleum Corp., a Texas-based company with operations in the Permian, unnamed sources told Reuters. According to one of the sources, the mostly…

Shell CEO Speaks Out Against Anti-Oil Activists

Shell CEO Speaks Out Against Anti-Oil Activists

Oct 15, 2019 at 09:04 | Irina Slav

Investment in oil and gas will continue despite growing climate concerns and the “demonization” of the industry simply because the world demands it, the chief executive of Shell, Ben van…

A New Era For The Saudi-Russia Energy Alliance

A New Era For The Saudi-Russia Energy Alliance

Oct 14, 2019 at 17:46 | Julianne Geiger

Saudi Arabia and Russia signed a deal on Monday to increase cooperation between OPEC+, taking what was a loose alliance between OPEC and several non-OPEC members, including Russia, and making…

Russia: OPEC+ Deal Will Not Be Revised

Russia: OPEC+ Deal Will Not Be Revised

Oct 14, 2019 at 17:35 | Tsvetana Paraskova

OPEC and its Russia-led non-OPEC partners in the production cut pact are currently not discussing changing the terms of their agreement, Russian Energy Minister Alexander Novak said on Monday.…

The U.S. Sets Its Sights On LNG Domination

The U.S. Sets Its Sights On LNG Domination

Oct 14, 2019 at 13:06 | Tsvetana Paraskova

The United States will be the global leader in newly-built liquefied natural gas (LNG) liquefaction capacity between 2019 and 2023, data and analytics company GlobalData said in a new…

When Will Saudi Oil Production Return To Pre-Attack Levels?

When Will Saudi Oil Production Return To Pre-Attack Levels?

Oct 14, 2019 at 11:48 | Tsvetana Paraskova

Saudi Arabia will restore its oil production to levels slightly above the output just before the attacks on its oil facilities in mid-September, Saudi Energy Minister Prince Abdulaziz bin Salman…

Is This The Next Natural Gas Super Alliance?

Is This The Next Natural Gas Super Alliance?

Oct 14, 2019 at 11:39 | Tsvetana Paraskova

Saudi oil giant Aramco could invest in liquefied natural gas (LNG) projects in Russia in the future, Russian Energy Minister Alexander Novak said at a Saudi-Russian investment forum in…

China’s Oil Imports Jump 11%

China’s Oil Imports Jump 11%

Oct 14, 2019 at 10:55 | Irina Slav

China imported 10.08 million bpd of crude oil last month, up 11 percent on the year, customs data showed as cited by S&P Global Platts. This was the first…


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