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Saudi denies oil output hike discussion, says OPEC+ may cut if needed


Saudi Arabia on Monday said that OPEC+ was sticking with oil output cuts and could take further measures to balance

Goldman Sachs cuts 4Q oil forecast by $10/bbl on China ‘speed bump’


Goldman Sachs on Sunday cut its fourth-quarter Brent oil price forecasts by $10 to $100 a barrel, citing factors including

Global oil demand expected to rise to 2.16m bpd in 2022: KAPSARC


While the world is struggling with economic challenges, global oil consumption is still expected to increase year-on-year by 2.16 million

China’s crude oil output expands rapidly in October


China’s crude oil output posted faster expansion in October, official data showed.

The output totaled 17.22 million tonnes in October, rising

Prices mixed on diverging weather, supply picture


British prompt gas prices fell on Monday morning amid increased supply from Norway and downward demand revisions, but further out

U.S. natgas gains 4% on colder forecast, expected Freeport LNG return


U.S. natural gas futures gained about 4% to a two-week high on Monday on forecasts for colder weather and stronger

China launches $2.4 bln expansion of Shanghai LNG terminal – state media


China launched an expansion of its liquefied natural gas terminal in Shanghai’s Yangshan port, with total investment of about 17

Workers at BP refinery will not help with restart unless wage demands met -union


Workers at BP’s Rotterdam refinery, which is currently offline, will not help restart operations unless their wage demands are met,

UAE’s ADNOC Drilling to acquire 3 more rigs for $320mln


ADNOC Drilling Co., a subsidiary of Abu Dhabi’s national oil company ADNOC, has signed a deal to acquire three offshore

Ukraine war: Germany looks to renewables after Russian invasion


As Germany struggles with the energy crisis sparked by the Russian invasion of Ukraine, many communities there are looking with

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