Thursday, July 23, 2026
kbennett@nsai-petro.com- oil and gas 360

Oil to hit $40 by 2030 if climate goals are met: consultancy

Reuters LONDON – Global oil prices could drop to around $40 a barrel by 2030 if governments push to reduce fuel consumption in step with U.N.-backed plans to limit global warming, a leading energy consultancy said on Thursday. In a report outlining a scenario where the world acts decisively to tackle greenhouse gas emissions by electrifying transport and industry, Edinburgh-based

BHP completes its first refuelling of a ship with biofuel- oil and gas 360

BHP completes its first refuelling of a ship with biofuel

Reuters SINGAPORE -BHP Group Ltd said on Thursday it completed its first refuelling of a ship with biofuel this month in a trial run that is part of its efforts to reduce carbon emissions. It was also the first time that a ship has been refuelled with biofuel in Singapore, the world’s largest bunkering hub. A biofuel blend derived from

Oil near one-month highs as demand outlook improves- oil and gas 360

Oil near one-month highs as demand outlook improves

Reuters LONDON -Oil prices eased on Thursday but remained close to a one-month high that was driven by more positive demand forecasts from the International Energy Agency (IEA) and OPEC as economies start to recover from the COVID-19 pandemic. Brent crude was down 21 cents, or 0.3%, at $66.37 a barrel by 1351 GMT after touching its highest since March

Exclusive: Aramco pipeline investors to refinance loan with bonds next year - sources- oil and gas 360

Exclusive: Aramco pipeline investors to refinance loan with bonds next year – sources

Reuters DUBAI – EIG Global Energy Partners will lead a yet-unnamed consortium to issue billions of dollars in bonds across two or three transactions to replace bank debt backing an investment in Saudi Aramco’s oil pipeline assets, two sources said. The Washington, D.C.-based firm’s consortium will issue bonds to replace $10.5 billion in so-called staple financing that was arranged by