Latest news
Global oil demand to peak in 2026-Rystad Energy
The rapid adoption of electric vehicles (EV) around the world will probably cause global oil demand to peak two years earlier than previously expected, Norway's biggest independent energy consultancy Rystad said on Wednesday.
read more... 22/04/2021
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Russia aims to boost oil exports before reaching output peak in 2027-2029
Russia's revised oil strategy will focus on maximizing monetization from crude exports before hitting peak production in 2027-2029 and seeing world demand drop, according to a draft document on the development of the sector up to 2035 being reviewed by the State Duma and set to be approved by the government April 22.
read more... 15/04/2021
Exxon mulls closure of Norway's Slagen refinery as region's clean fuel shift continues
ExxonMobil is considering closing its 116,000 b/d Slagen refinery in Norway to convert the site into a fuel import terminal, the company said April 8, marking a potential further casualty of Europe's surplus refining capacity as the region's fuel demand shrinks and competition from new markets continues to grow.
read more... 12/04/2021
UK Private Equity Firm Looks To Buy Stake In Angola's Oil Major Sonangol
UK-based private equity firm is interested in buying a stake in Angola’s state-owned oil company Sonangol, Bloomberg has reported, citing a source from the firm, Gemcorp.
read more... 22/03/2021
EU halts sanctions for more Turkish oil firm officials
On the eve of talks with Turkey’s president and a key EU summit, the bloc is holding back on sanctions on more Turkish oil company officials, according to media reports.
read more... 19/03/2021