OilPrice

MARCH 14, 2025

We turn neutral on oil prices relative to the curve and consensus, as we revise down our 2025 demand outlook 510,000 barrels per day due to soft high?-?frequency frequency indicators and elevated economic uncertainty, Barclays analysts wrote in a note on Friday carried by Reuters.

Oil 305

Oil Barrel IT 305

OilPrice

MARCH 14, 2025

Qatar has followed Saudi Arabia in cutting the price of its al-Shaheen crude for May deliveries, Reuters has reported, citing trade sources. Al-Shaheen for delivery in May will now cost $1.29 per barrel above the Dubai benchmarkor less. per barrel above the Dubai benchmark.

IT 200

IT Barrel Oil 200

OilPrice

MARCH 12, 2025

Albertas Premier Danielle Smith has discussed potential overseas sales of Alberta-owned heavy oil with a global oil and petrochemical firm, the Canadian oil-producing province said this week.

Oil 274

Oil Petroleum Barrel Government 274

Oil & Gas 360º

MARCH 11, 2025

(Oil Price) –The world needs upstream investments in existing oil and gas fields to support global energy security, Fatih Birol, the executive director of the International Energy Agency (IEA), said at the CERAWeek by S&P Global conference in Houston. Atkinson authored a report in partnership with Mark P.

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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 IT 233

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.

Oil 259

Oil Crude Oil Barrel Gas 259

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

OilPrice

MARCH 7, 2025

Problems with the salt content in Pemex oil have been solved, the countrys president Claudia Sheinbaum said, after multiple reports about trouble with salt and water content in Pemex crude. The problem of salt in crude has been solved, Sheinbaum said during a regular press conference, as quoted by Reuters.

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Oil IT Refinery 203

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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IT Energy Energy Oil 256

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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Oil Barrel Field Government 233

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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IT Crude Oil Oil 229

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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Oil Gas Exploration and Production Government 239

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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Oil Gas Operator Energy 267

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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Oil Exploration and Production Government Gas 250

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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Refinery Oil Barrel Government 239

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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Oil Utilities Operator Energy 291

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 304

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 231

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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Refinery Oil Crude Oil Barrel 239

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

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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Oil Barrel Field Government 199

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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Oil Refinery Maintenance Casing 173

OilPrice

MARCH 13, 2025

Guyanas government has officially yanked the plug on the Frontera-CGX joint venture, canceling its oil prospecting license for the Corentyne block. The Corentyne block was supposed to be a much-needed diversification play in Guyanas oil scene, which is basically ExxonMobils playground. Now, its official. With the U.S.

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Barrel Oil Government IT 299

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 293

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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Barrel Oil IT Energy 315

OilPrice

MARCH 13, 2025

This weeks call from the International Energy Agency (IEA) for continued investment in existing oil and gas fields is another moment of truth for the Paris-based agency, highlighting its inconsistent messages about upstream investment, OPEC says. OPEC reviewed the messages the IEA has issued since 2017 in an article published on its website.

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Field Upstream Oil Gas 281

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

Oil 168

Oil IT 168

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.

Oil 148

Oil Crude Oil Barrel IT 148

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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Field Shutdown Barrel Oil 314

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 137

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

Oil 130

Oil Upstream Management Gas 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.

Oil 130

Oil IT Energy Energy 130

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

OilPrice

MARCH 14, 2025

Petronas has launched a process to potentially sell its interest in a Vaca Muerta joint venture which would see Malaysias national oil and gas firm exit the Argentinian shale region, sources with knowledge of the matter have told Bloomberg.

Oil 245

Oil Gas IT 245

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.

Oil 130

Oil Exploration and Production Field Offshore 130

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 168