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Global Oil Demand to Surpass Pre-COVID Levels: Report
Riyadh-based think tank KAPSARC expects oil demand in the third quarter to rise across all countries except India despite global headwinds and early signs of a looming recession. Demand in the U.S. is said to lead the way.
Wanted: More US Natural Gas
Will the U.S. have enough natural gas come winter? Executive Editor-at-large Nissa Darbonne explores in her monthly column featured in Oil and Gas Investor.
Pemex Oil Exports to US Rise in May
While crude exports to “America”—which accounts mainly for the U.S.—were up, Mexico’s state-owned Pemex reported a significant cut in shipments to Europe and Asia.
What’s Affecting Oil Prices This Week? (June 27, 2022)
While Stratas Advisors said in its latest oil price forecast that they are less concerned about the talk of price caps at the G7 meeting, the firm is increasingly concerned about the risk of further escalation of the Russia-Ukraine conflict because of several developments.
More Top Stories in Markets
Global Oil Demand to Surpass Pre-COVID Levels: Report
Riyadh-based think tank KAPSARC expects oil demand in the third quarter to rise across all countries except India despite global headwinds and early signs of a looming recession. Demand in the U.S. is said to lead the way.
July 6, 2022
Kremlin Slams Japan’s ‘Unfriendly’ Stance Amid G7 Oil Price Cap Talk
Kremlin spokesman Dmitry Peskov Medvedev also said Japan “would have neither oil nor gas from Russia, as well as no participation in the Sakhalin-2 LNG project” as a result.
July 6, 2022
Oil Prices Slide to 12-week Low on Fears of Global Recession
Trade was volatile, with both crude benchmarks up over $2/bbl early on supply concerns and down over $4/bbl at session lows. Oil prices have been extremely volatile for months.
July 6, 2022
China Oil Imports from Russia Soar, Surpass Top Supplier Saudi
The data, which shows that Russia took back the top ranking of suppliers to the world’s biggest crude oil importer—China—after a gap of five months, indicates that Moscow is able to find buyers for its oil despite western sanctions.
July 6, 2022
EU Parliament Backs Labelling Gas and Nuclear Investments as Green
The new rules will add gas and nuclear power plants to the EU "taxonomy" rulebook from 2023, enabling investors to label and market investments in them as green.
July 6, 2022
NextDecade to supply LNG to China Gas from Rio Grande Project
NextDecade’s supply deal with China Gas, the financial terms of which have not been disclosed yet, is for 20 years and LNG will be delivered from the second train at Rio Grande LNG.
July 6, 2022
What Biden and Oil Producers Can Actually Do to Lower Pump Prices
In an exclusive video interview with Hart Energy, Baker Botts’ Clint Rancher discusses steps that the Biden administration and oil and gas industry can collectively take to lower soaring gasoline prices.
July 6, 2022
QatarEnergy Selects Shell as Final Partner in Mega LNG Project
QatarEnergy’s agreement with Shell this month is the last related to the $28.8 billion North Field East expansion project, the world’s single largest LNG project.
July 5, 2022
Petroecuador Recoups Some Lost Oil Production after Protests End
Ecuador’s Petroecuador has recuperated around 91% of its oil production lost in June due to protests over rising food and fuel prices, the state-owned company said on July 4.
July 5, 2022
OPEC’s Barkindo Says Oil Sector ‘Under Siege’ Due to Underivestment
“We could, however, unlock resources and strengthen capacity if the oil produced by the Islamic Republic of Iran and Venezuela were allowed to return to the market,” OPEC Secretary-general Mohammad Barkindo told an energy conference.
July 5, 2022