Latest news
.jpg)
OPEC Sees Strong Oil Demand In The Second Half Of 2021
Global oil demand is set to benefit from stronger economic recovery and vaccinations in the second half of this year, OPEC said on Thursday, adjusting higher its outlook for the second half of 2021 and raising slightly its full-year oil demand forecast.
read more... 12/03/2021
Nigeria’s Lawsuits Against Shell Could Cause Oil Major Exodus
Judging from recent headlines, Nigeria has unleashed one of the most spectacular legal attacks on one of its key oil and gas investors, to an extent previously unseen in the country’s more than 60 years of hydrocarbon production.
read more... 11/03/2021
Oil majors in Myanmar in spotlight after U.N. call for sanctions
Major global oil companies, working in Myanmar, are in the spotlight after the UN's human rights investigator called last week for coordinated international sanctions on the country's state energy firm, MOGE.
read more... 10/03/2021
Oil products caught between Covid and green push
Most forecasts for products demand and prices have been steadily revised upwards as vaccination programmes have got underway and this has created positive market sentiment, Argus' global head of oil products Stephen Jones told the forum held today during the IP Week conference. But, any actual demand recovery will depend on how quickly governments lift lockdown measures. One major unknown is how well the vaccines will deal with new variants of Covid-19.
read more... 24/02/2021
Texas Storm Shut In As Much As 4 Million Bpd Of U.S. Oil Production
The severe winter storm that swept through the United States this week likely shut in between 2 million barrels per day (bpd) and 4 million bpd of the total U.S. crude oil production, IHS Markit said in an analysis.
read more... 22/02/2021