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China’s CNOOC raises 2024 output and capex targets to record levels

26/01/2024

Chinese state oil and gas company CNOOC has lifted its 2024 production target by about 8% to a record 700

Prices mixed on milder weather, LNG supply concerns

26/01/2024

Dutch and British wholesale gas prices were mixed on Thursday morning amid concerns over delayed shipments of liquefied natural gas

Oil perks up nearly 2% on US crude stock draw, Red Sea tensions

26/01/2024

Oil prices rose on Thursday after data showed U.S. crude stockpiles fell more than expected last week and a fresh

Rare Russian oil output disclosure beats estimates

26/01/2024

Russia’s 2023 oil and gas condensate production declined by less than 1% to 530 million metric tons (10.6 million barrels

Middle East Crude-Benchmarks steady; refiners show little interest due to Red Sea conflicts

26/01/2024

Middle East crude benchmarks Oman, Dubai and Murban were little changed on Thursday, with traders focusing on taking the remaining

Asia Distillates-Markets steady on limited liquidity amid freight concerns

26/01/2024

Asia’s middle distillates markets kept steady primarily against a backdrop of thinner spot market liquidity amid freight cost concerns and

Chesapeake-Southwestern Energy deal: ten key takeaways

26/01/2024

On 11 January 2024 Chesapeake Energy announced it would be combining with Southwestern Energy. This long-rumoured deal in some ways

IEA to expedite 2025 oil demand forecast after OPEC’s early move

25/01/2024

The International Energy Agency plans to bring forward publication of its first 2025 oil demand forecast in its monthly report

India to become main driver of incremental oil use by 2030

25/01/2024

India’s petroleum consumption climbed to a new record last year and the country is on course to overtake China as

Russia fully replaced oil and natural gas reserves in 2023

25/01/2024

Russia, the world’s second-largest crude oil exporter after Saudi Arabia, fully replaced its oil and natural gas reserves in 2023

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