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EMEA Majors to Still Depend on Oil and Gas in 2035 Despite Low-Carbon Growth


EMEA oil majors will still generate 75%-85% of their EBITDA in 2035 from traditional hydrocarbon businesses, according to Fitch Ratings’

US crude stocks rise as oil refiners take in less oil – EIA


U.S. crude stocks rose as oil refiners took in less oil, following extreme cold weather that knocked out utilization last

Diesel prices primed to rise sharply in 2024


Global stocks of diesel and other middle distillates are below normal and prices could start to rise quickly if the

Oil rises on large US fuel stock draws, slower output growth


Oil prices rose for a third day on Wednesday after U.S. gasoline and distillate stocks fell more than expected, painting

US Federal LNG Permit Halt May Limit Capacity, No Effect on Existing LNG Project Ratings


The ratings of US liquefied natural gas (LNG) projects, which are all fully operational and/or have secured permits, are not affected by the Biden administration’s recently announced pause in new LNG export project permitting, Fitch Ratings says. However, a longer-term

Asia Distillates-Thin activity ahead of holidays, premiums slip further


Asia’s middle distillates recorded tepid trading activity and markets were little changed on Wednesday, with players expecting discussions to taper

Russia’s Novatek sets up China office to market gas amid sanctions- sources


Russian natural gas producer Novatek NVTK.MM is building a new China-based team to explore marketing the fuel, sources familiar with

Europe Gas: Prices edge lower on healthy supply, high inventories


Dutch and British gas prices edged lower on Wednesday morning as healthy supply and high storage levels weighed on the

Equinor fourth quarter and full year 2023 results


Equinor delivered adjusted earnings* of USD 8.68 billion and USD 1.88 billion after tax in the fourth quarter of 2023.

Saudi Aramco in investment discussions with Indian companies – exec


State oil giant Saudi Aramco is in investment discussions with companies in India, a senior executive said on Wednesday.

“Hopefully we

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