Industry News
Strong oil and gas demand supporting Permian Basin’s production growth, says GlobalData
According to a new report published by GlobalData, Permian Basin oil and gas production growth is set to continue.
Category: Oil and Gas
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Gas
Survey reveals desire to open up and utilise UK’s offshore fields
Survey reveals that the site’s users see the top priority of the new parliament as being opening new fields with new licencing.
Carbon Capture
How a new capital hub is raising €650bn to decarbonise Europe’s cities
The new Climate City Capital Hub is set to help European cities access private finance and transition to net zero.
IEA
IEA sees slowing oil demand for 2024 as China’s consumption drops
The slowdown in global oil demand looks set to continue, with China’s “post-pandemic rebound” over, says the International Energy Agency.
Industry News
OPEC raises 2024 economic growth projection to 2.9%, sees rising oil demand
OPEC sees strong economic growth for the rest of this year and into 2025, prompting steady demand for its oil over the next few months.
Industry News
Europe turns away from US crude oil as imports hit two-year low in June
US shipments to Europe have fallen again in June, reaching a two-year low in June.
Features
Strong oil and petrochemical demand likely to 2030, despite IEA data
GlobalData argues growing demand for energy and petrochemicals, and ongoing energy security concerns, could prompt rising oil demand to 2030.
Industry News
Saudi Arabia sees its sea-based oil exports drop in June
Saudi Arabia has kept hold of some of its oil in June, with sea-based exports dropping substantially to create power at home
Industry News
OPEC’s oil output remains steady but some members still pumping too much
OPEC’s crude output has remained constant, hitting an average of just under 27 million barrels a day in June, 80,000 a day less than May.
Energy Prices
OPEC/Big Oil price collusion suspicions: US Senate starts investigation
The US Senate starts investigation into suspicions of collusion between several oil producers and OPEC over possible price coordination.