OilPrice

MARCH 12, 2025

The Asian giant is aiming to achieve carbon neutrality by 2060, despite continuing to be heavily reliant on oil, gas and coal. Despite being the worlds biggest polluter, China is also a renewable energy superpower. As Chinas renewable energy sector continues to expand, how long will this last until the bubble bursts?

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OilPrice

MARCH 12, 2025

Crude oil prices inched higher after starting the week with sharp losses, amid reports of rebounding Asian imports and a weaker dollar that should stimulate stronger demand. At the time of writing Brent crude was trading at $70.05 per barrel, with West Texas Intermediate at $66.75 per barrel, as the U.S. Even an estimated U.S.

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OilPrice

MARCH 6, 2025

Abu Dhabis national oil company ADNOC has made its first trades via the S&P Global Platts pricing process for Dubai crude oil, in a rare move for a Middle Eastern producer, traders told Reuters on Thursday.

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NGT News

AUGUST 12, 2020

-based worldwide supplier of premium branded lubricants and automotive services, has launched its Valvoline Premium Blue One Solution Gen2 – the brand’s second iteration of its heavy-duty engine oil first released in 2018.

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Engineer Engineering Oil IT 219

Oil & Gas 360º

MARCH 6, 2025

(World Oil) –Ecuadors President Daniel Noboa has ordered a consortium seeking to take over the nations top oil asset to pay an entry fee of $1.5 Previously, the consortium of local subsidiaries of Chinese oil company Sinopec and New Stratus Energy Inc. billion by March 11, moving up the deadline by more than three weeks.

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OilPrice

MARCH 9, 2025

When the Labour Party of Keir Starmer won the latest UK elections, it vowed to stop new oil and gas exploration. In early February, a Scottish court ruled the previous governments approval of two new oil and gas projects in the North Sea unlawful.

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OilPrice

MARCH 6, 2025

Indonesia is going all-in on oil with a massive $12.5 billion refinery project, aiming to cut imports, boost energy security, and flex some refining muscle.

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OilPrice

MARCH 7, 2025

billion social fund, which collects revenues from oil and gas exploration and production, as approval ratings of President Luiz Inacio Lula da Silva have slumped to a record low. Brazil looks to boost its economy with money from its $3.5-billion

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OilPrice

MARCH 10, 2025

Shandong Yulong Petrochemical, the newest refiner in China, is set to begin trial runs at a 200,000-barrels per day crude processing unit later this month, traders familiar with the facilitys plans told Reuters on Monday, in what could be a boost to Chinese crude oil imports in the coming months.

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OilPrice

MARCH 12, 2025

Argentinas controversial president Javier Milei, a self-described anarcho-capitalist, on taking office enacted strict austerity measures to rein in rampant triple-digit inflation, kick-start the economy and slash a massive fiscal deficit.

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Oil IT 314

POWER Magazine

JANUARY 29, 2025

GW coal-fired […] The post Talen, PJM Reach Agreement to Keep 2 GW of Coal, Oil Generation Online for Reliability in Maryland appeared first on POWER Magazine.

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OilPrice

MARCH 10, 2025

Abu Dhabis national oil company ADNOC is considering an initial public offering of its newly-created energy investment firm XRG on a stock market outside the United Arab Emirates, in what could be one of the worlds biggest IPOs ever, Reuters reports, citing sources with knowledge of the plans.

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IT Energy Energy Oil 237

OilPrice

MARCH 11, 2025

The government of Kazakhstan is talking with the supermajors operating its oil fields to reduce production in line with the OPEC+ agreement to which the Central Asian country is a party.

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OilPrice

MARCH 9, 2025

Oil-rich Egypt has big plans for the future of its fossil fuel development with several major new auctions and investments planned for the North African country. Egypt is a major African fossil fuel producer, the second-largest non-OPEC producer of liquid fuels after Angola. It was also the second-largest producer of

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Oil & Gas 360º

MARCH 11, 2025

(Oil Price) –ExxonMobils eighth oil project offshore Guyana will also be the biggest natural gas development of the Exxon-led consortium in the prolific Stabroek Block. Exxon and its partners in Guyanas oil projects, U.S. Hess Corp and CNOOC of China, expect to produce up to 1.5

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Natural Gas Oil Gas IT 130

NGT News

MAY 15, 2023

says its Delo 600 ADF 10W-30 and Delo 600 ADF 15W-40 heavy-duty engine oils have been approved for use in Cummins mobile natural gas engines. Chevron Products Co.

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Natural Gas Engineer Engineering Oil 244

Energy Outlook Advisors

MARCH 12, 2025

There is no bullish case for oil at this stage. Gasoline inventories are currently at a comfortable level, but refinery maintenance might lead to low levels at the start of summer. We will monitor jet fuel demand, expecting it might decline significantly due to slow economic growth and reduced government travel.

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OilPrice

MARCH 7, 2025

Saudi Arabia just dialed back its crude prices for Asia, according to Aramcos just-published rate sheet. The company has trimmed official selling prices (OSPs) for the first time in three months, with Aramcos April price sheet now showing Arab Light at $3.50 per barrel over Oman/Dubai, a 40-cent cut. sanctions squeezing Russian supply.

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Barrel Oil IT 304

OilPrice

MARCH 11, 2025

The first half of 2025 is shaping up to be a squeeze play for global oil markets. But dont get too cozy with those numbersby late 2025, oil inventories are expected to build, courtesy of OPEC+ unwinding its production cuts and non-OPEC countries pumping more. The result? That means prices

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OilPrice

MARCH 7, 2025

Crude oil prices remain under pressure, struggling to gain upside traction as bearish fundamentals dominate sentiment. A combination of OPEC+ supply hikes, trade war escalations, and weak demand indicators has kept oil bulls at bay, reinforcing a bearish outlook for the market.

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Oil Crude Oil Barrel IT 159

OilPrice

MARCH 7, 2025

is said to be considering (according to Reuters sources) a plan to ask its allies to stop and inspect Iranian oil tankers. For now, these are fairly isolated armed engagements, but are worth monitoring. plan would have allies stop Iranian tankers passing through key chokepoints such as the Malacca Strait off Malaysia. The enactment of this

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OilPrice

MARCH 13, 2025

Operators and developers are expected to spend a total of $43 billion on oil and gas projects in Africa this year, as established producers and newcomers see growing investments, the African Energy Chamber said in a new report.

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OilPrice

MARCH 12, 2025

According to the Chairman of Libyas National Oil Corporation, Masoud Sulaiman, Libya plans to increase its oil output from 1.4 Production officially restarted on Sunday at an initial rate of 5,000 barrels per day, with plans for an increase to 25,000 bpd by July. mb/d currently to 2 mb/d in 2028.

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Oil & Gas 360º

MARCH 4, 2025

(Oil Price) –BP is looking to raise the number of its board members and hire two more directors as part of its strategy to boost oil and gas production and shareholder returns, the Financial Times reported on Tuesday, citing sources familiar with the plans. Production is also expected to grow, to 2.32.5

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OilPrice

MARCH 8, 2025

The Road is more than an upgrade to Iraqs old infrastructure and aims to leverage Iraqs location as a future trade corridor to solve several complex problems: unemployment, corruption, outdated infrastructure, and over-reliance on hydrocarbons at a time of declining demand for oil.

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IT Oil 179

Oil & Gas 360º

MARCH 4, 2025

(World Oil) – Global oil demand will hit a record this year as Asian countries, particularly China and India, continue to expand consumption, said the head of the worlds biggest oil producer Saudi Aramco. Oil use is set to rise by 1.3 Thats slightly higher than the 1.05

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Oil Barrel Natural Gas IT 130

Malcolm Graham Wood

FEBRUARY 25, 2025

Oil is down slightly today, Union Jack has struck again in Oklahoma and Afentra has its onshore license in Angola approved. The post Oil price, Union Jack, Afentra, Jadestone, Prospex, Sintana. Jadestone updates on cautious guidance and Prospex has plans for Spain and Italy. appeared first on Malcy's Blog.

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Oil & Gas 360º

MARCH 13, 2025

(Investing) –LONDON – Oil prices slipped on Thursday after surging in the previous session on a larger-than-expected draw in U.S. government data showed tighter-than-expected oil and fuel inventories. “As of March 11, global oil demand averaged 102.2 “As of March 11, global oil demand averaged 102.2

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Oil & Gas 360º

MARCH 6, 2025

(World Oil) – Libyas oil and gas sector is set for a new era of growth and investment following the announcement of its first exploration bid round in 17 years. Momentum is already building across Libyas energy industry, with several upstream developments demonstrating the countrys renewed focus growth and investment.

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OilPrice

MARCH 6, 2025

Latin America has long been a dominant force in the global energy market, built on vast oil and gas reserves. As energy demand evolves, national oil companies (NOCs) must not forsake oil, but rather ensure its competitiveness while prudently exploring emerging energy markets.

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Energy Energy Oil Gas 254

OilPrice

MARCH 11, 2025

That man is Kazakh millionaire Kenges Rakishev, who made his money from oil and gas and metals, and now wants a piece of the EV pie. The West is lagging behind China when it comes to the EV race, Rakishev, chairman of Fincraft Group, told the South China Morning Post in an interview.

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Oil & Gas 360º

MARCH 10, 2025

(World Oil) – Africas national oil companies (NOC) are moving beyond operating as state-representatives by transforming themselves into competitive upstream players. Boosting production Major oil producers in Africa are striving to boost production and NOC-IOC collaboration is at the forefront.

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Oil & Gas 360º

MARCH 5, 2025

(Oil Price) –The worlds biggest sovereign wealth fund, Norways $1.8 trillion oil fund, has made its first investment in an external hedge fund with long-short strategies, amid changing and volatile markets, a top executive of the funds manager told the Financial Times.

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NGT News

OCTOBER 7, 2024

United Kingdom-based civil engineering contractor FM Conway has extended its use of hydrotreated vegetable oil (HVO) in its local and strategic highways operations, shifting away from diesel in its work to achieve net zero. HVO is a synthetic biofuel made from re-used cooking oils and is completely fossil-free.

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BOE Report

MARCH 11, 2025

CALGARY – The Alberta government says Premier Danielle Smith has been in talks with a multinational oil and petrochemical player about selling two million barrels per month of province-owned heavy oil. It said in a news release that there was a meeting on Monday, but it did not identify the company or say what part [Read more]

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Government Oil Barrel IT 122

Oil & Gas 360º

MARCH 11, 2025

(Oil & Gas 360) – Switching Back To An Employer-Driven Economy (From Ruler-Driven) Restoring Upward Mobility Of The Masses Will Have A Profitable Oil & Gas Drilling Boom. crude oil supply growth smaller than what it has been/ what is expected fuels our bullish oil outlook. mmbd four years ago (green line).

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Oilholics Synonymous Report

OCTOBER 15, 2024

For the second successive session this week oil prices have slid further and faster. Then came a revelation that OPEC - deemed the most bullish of the crude oil demand growth forecasters - had revised its prediction lower for 2024 below 2 million bpd. Photo: Oil production site. The IEA's prediction is below 1 million bpd.

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