The Latest

Crude Oil

China’s Oil Buying Binge to Continue in 2021

 Tank operators and refiners are expected to keep stocking up.

November 18, 2020

Business

PATH FORWARD: Daniel Yergin’s ‘The New Map’ Examines the Landscape for Energy Transition

IHS Markit’s vice-chairman and winner of the Pulitzer Prize talks oil, natural gas, the energy transition, climate and his new book with Hart Energy.

November 18, 2020

Liquefied Natural Gas (LNG)

Sempra Makes World’s Only 2020 FID for an LNG Project

Costa Azul LNG plant in Mexico had waited all year for an export permit from the Mexican government.

November 17, 2020

Crude Oil

Equinor Sees Oil Demand Peaking Two to Three Years Sooner Due to Virus

Oil firm Equinor expects global oil demand to peak by around 2027-2028, two-three years earlier than the company previously saw, as a result of the COVID-19 pandemic, it said on Nov. 17.

November 17, 2020

Petrochemicals

What’s Affecting Oil Prices This Week? (Nov. 16, 2020)

There are three additional variables which oil markets are not used to deal with in the fourth quarter: the current infections uptick in Europe, the U.S. presidential transition and announcements about new vaccines, all of them adding bearish or bullish pressure to prices over the next few months.

November 16, 2020

Markets

Siemens Aims to Develop Afghanistan as Energy Hub

The company said it aims to develop a modern, sustainable and cost-effective power system, incorporating renewable energy.

November 16, 2020

Crude Oil

Oil Jumps 4% on Latest COVID-19 Vaccine Progress

WTI nears $42/bbl on news that two vaccines are in the pipeline.

November 16, 2020

Business

Saudi Aramco Plans Debt Market Comeback with Multitranche Bond Deal

Saudi Aramco said on Nov. 16 it had hired banks for a multitranche U.S. dollar-denominated bond issuance, as the world’s largest oil company seeks cash amid lower oil prices.

November 16, 2020

Crude Oil

Iran Says Exports Hit 700,000 Barrels Per Day of Oil, Later Denies

An Iranian official said on Nov. 11 that Tehran exported up to 700,000 bbl/d of oil since March, but was later quoted by an Iranian news agency casting doubt on the figure which had been kept secret.

November 13, 2020

Business

Opinion: Oil Producers Have More Than a Pandemic to Worry About

Even an effective COVID vaccine may not offer a route out of the mess the oil and gas industry finds itself in.

November 13, 2020