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India’s fuel demand fell 0.6% in January


India’s fuel demand fell 0.6 percent in January compared with the same month last year.

Consumption of fuel, a proxy for

U.S. drillers add oil rigs for second week in a row -Baker Hughes


U.S. energy firms added oil rigs for a second week in a row as crude prices, which have dropped about

2020: More offshore EPC spending but competitive pricing remains the norm?


Significant cost reductions have improved E&P cashflows and should drive increased offshore tendering activity in 2020. Pricing is expected to

US continues to hamper Iran’s oil production


Based on OPEC’s most recent monthly report, Iran’s production of oil witnessed a month-on-month decline by 9,000 barrels per day

6m barrels of oil, condensate to be offered at IRENEX this week


National Iranian Oil Company (NIOC) is going to offer a total of six million barrels of oil and gas condensate

Oman’s crude oil production declines in January


The Sultanate’s daily production of crude oil and condensates stood at 958,270 barrels during January 2020, with a decrease of

West Karoun oilfields production up five-fold in past 6 years: Iran minister


Oil production at the West Karoun oilfields in southwest Iran has increased five-fold in the past six years, Iran’s Oil

Southern Gas Corridor could be used for exports to Europe from other Caspian countries


Southern Gas Corridor could also be used for gas exports to Europe from other Caspian countries, Francis Perrin, Senior Fellow

Premiums for Russian April ESPO Blend fall to 2-1/2 year low – trade


Premiums for Russia’s ESPO Blend crude oil ESPO-DUB loading from Far East Kozmino port fell to their lowest levels in

Big oil traders start investing in renewables


The world’s big oil trading firms are investing heavily in environmentally-friendly projects as they face increasing pressure from investors, governments,

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