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The Russians have a grievance about the pact that they are likely to take up with their OPEC allies.
Read More »Russian Producers don`t Want OPEC`s Deeper Cuts
OPEC and Russia Likely to Extend Oil Production Cuts at Upcoming Meeting
There has been speculation that Russia may be unhappy with the production agreement. in part because its energy companies oppose it.
Read More »Shale still Challenging OPEC’s Output Strategy
The key mathematics of US shale oil growth have become more challenging. partly because of the rapid growth achieved in 2018.
Read More »Gulf State Investors Step In To Help Aramco Hit IPO Target
The offering to institutional investors. expected to raise about two thirds of the offering. closes on Dec 4.
Read More »CEO Satisfied with PGPIC Sales. Exports
The production and exports of Persian Gulf Petrochemical Industries Company (PGPIC) are satisfactory for the time being.
Read More »Qatar Targets 64% Jump in Capacity by 2027
Qatar'.s plan for a 64 per cent increase in LNG capacity is likely to intensify a global glut in the fuel.
Read More »Higher Oil Price and Production Forecast in the US
Production is projected to rise by 30.000 barrels per day. according to the Energy Information Administration.
Read More »Centrica Powers Up King’s Lynn Gas Plant After Revamp
The facility was formerly mothballed in 2021 when the plant became uneconomic to run.
Read More »Solar Power Plant Helps Keep the Lights on at Night
One of Lightsource BP’s solar farms in East Sussex provided a reactive power voltage support service overnight. delivered through UK Power Networks’ distribution network.
Read More »Market Suggests Oil Price can Reach $60
Oil is of course a commodity that relies significantly on demand.
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