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Automation – key driver for premium Middle East onshore rig day rates


The Middle East is a significant contributor to onshore rig demand, accounting for c.10% of the global identified fleet of

U.S. natgas futures rise to 6-wk high on record exports, cool weather


U.S. natural gas futures rose to a six-week high on Monday on forecasts for more heating demand this week than

Oil gains push rouble past Ukraine tensions; stocks rise


Russia’s rouble was supported by stronger oil prices on Tuesday, but gains were limited as tensions with Ukraine ramped up,

International Energy Forum Sees 5.2 mb/d Global Oil Demand Shortfall in March And “Stagnant Last Mile Recovery” in 2021


Saudi Arabia: The International Energy Forum (IEF) today issued a report indicating that global oil consumption from transportation fuels in

Oil market calm leaves funds without direction


Hedge funds resuming buying petroleum last week, with a focus on Brent, as confidence steadied following the wave of selling

The Commodities Feed: China diesel exports near record levels



Oil prices have started the week under pressure, with ICE Brent trading down around 0.5% at time of writing. A

Oil companies don’t deserve reparations for fossil fuel bans. They’ll still want them


Phasing out fossil fuel is a crucial step to address the climate emergency. But to do so will mean facing

SOCAR produces 1.9m tons of oil in 1Q2021


Azerbaijan’s State Oil Company (SOCAR) produced more than 1.9 million tons of oil and over 1.9 billion cubic meters of

China boosts crude oil storage, but higher price may deter future builds


China boosted the flow of crude oil into storage tanks in March as strong imports and domestic output exceeded an

Six subsectors account for nearly 90% of manufacturing energy consumption


In 2018, the U.S. manufacturing sector consumed 19.4 quadrillion British thermal units (Btu) of energy, according to EIA’s latest Manufacturing

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