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Iraq ranked second in the list of OPEC countries that rose their oil production in February, OPEC report said today, Saturday. The organization stated in its monthly report, “the production of the 13 member states of the Organization of Petroleum Exporting Countries” OPEC “decreased last February, reaching an average of …
Read More »OPEC: Iran’s Crude Oil Output Increases in February
The latest data published by the Organization of the Petroleum Exporting Countries (OPEC) shows steady growth in Iran’s crude oil output in February. According to the OPEC report, Iran’s oil production rose by 35,000 barrels per day to 2.12 million bpd in February. The country’s heavy crude oil price also …
Read More »Oil and Gas Sector Less Likely to Witness Disruption in Short Term
Although the COVID-19 pandemic is causing disruptions across almost all industries, the oil and gas sector is less likely to witness significant disruption in the short term, according to Dr Angela Wilkinson, Secretary General of the World Energy Council (WEC). “While the energy transition progresses, we now see that significant …
Read More »US Companies Interested in Reconstruction of Liberated Azerbaijani Lands
Azerbaijani Minister of Energy Parviz Shahbazov received US Extraordinary and Plenipotentiary Ambassador to Azerbaijan Lee Litzenberger, the Azerbaijani Ministry of Energy told Trend. The sides discussed cooperation between Azerbaijan and the US in the energy sector. The importance of the exchange of practices between the two countries in the field …
Read More »Gazprom Starts Selling Carbon-Neutral LNG in Europe
Royal Dutch Shell and Russian state-controlled oil and gas company Gazprom concluded the first carbon-neutral LNG delivery in Europe, they said. It was also Gazprom’s first foray into the emerging carbon-neutral LNG segment. The LNG was delivered to Shell’s Dragon LNG import terminal at Waterston, Wales. The move follows various …
Read More »EIA: US Weekly LNG Exports Rise, Henry Hub Drops
In the latest Short-Term Energy Outlook for the week of 4 March to 10 March 2021, EIA reveals the Henry Hub spot price fell from $2.84 per million British thermal units (MMBtu) last Wednesday to $2.60/MMBtu this Wednesday. Natural gas spot prices fell at most locations in this time frame. …
Read More »Kremlin: There were No Contacts between Putin, Saudi Arabia Ahead of OPEC+ Decision
Dmitry Peskov recalled that Russia’s Deputy Prime Minister Alexander Novak was praised by Putin for his work MOSCOW, March 12. /TASS/. Russian President Vladimir Putin did not have any talks with the Saudi Arabian leadership ahead of the OPEC+ decisions on oil production cap, Kremlin spokesman Dmitry Peskov told TASS. …
Read More »Poland Admits Nord Stream 2 Will Likely Be Finished as US Vows to Continue Pressure on Pipeline
Poland along with several other European nations and the US has long been opposed to the project. The latter claims the pipeline would be “divisive” for Europe and suggested they buy liquified natural gas from America or elsewhere. All things indicate that the Nord Stream 2 pipeline will be completed …
Read More »OPEC+ Seeks ‘Fair’ Oil Price
Saudi Arabia and Russia pledged to continue cooperation on the OPEC+ production cut agreement, as Saudi foreign minister Prince Faisal bin Farhan said March 10 the group is aiming for a “fair” price for crude oil. “I would like to assure that we and Russia would like a oil price …
Read More »Abu Dhabi’s ADNOC and Petronas to Collaborate on Big Energy Projects
The Abu Dhabi National Oil Company (ADNOC) plans to collaborate with Malaysian oil and gas company Petronas. Under the deal the pair will jointly explore opportunities to collaborate in the production of conventional and unconventional hydrocarbon resources in Abu Dhabi, ADNOC said in a statement carried by WAM, the official …
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