LONDON – A month after U.S. crude oil prices collapsed into negative territory, European gas markets are facing the prospect of also slipping into the red after a slump in demand and surging inventories pushed prices into low single …
WASHINGTON — The beaten-down banking sector will remain under pressure through 2025 even as the economy recovers, the International Monetary Fund said Friday.
In its latest “Global Financial Stability Report,” the IMF found banks across nine advanced …
Commercial and industrial demand for natural gas is declining as most countries around the world impose …
360 Feed Wire
Tashkent, Uzbekistan, May 20 2020: The Ministry of Energy of Uzbekistan is pleased to announce significant international interest in the tender for the construction of a new 100 MW wind power plant.
Global, independent private electricity producers …
LONDON, May 20, 2020 /PRNewswire/ — AMTE Power and Britishvolt are pleased to announce plans to investigate collaborating to build the UK’s first full cycle battery cell GigaPlant, servicing the automotive and energy storage markets.
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LONDON – Saudi Arabia and its allies in the expanded OPEC+ group of oil-exporting nations have successfully engineered a prospective deficit in the oil market, boosting spot prices and calendar spreads over the last four weeks.
Front-month Brent futures …
MOSCOW/LAGOS/LONDON – The coronavirus pandemic has disrupted maintenance at oil and gas projects and refineries from Russia’s Far East to the coast of Canada, storing up problems for an industry already reeling from slumping prices, analysts say.
Lockdowns to …
AKARTA, Indonesia, May 18, 2020 /PRNewswire/ — Air Products (NYSE: APD) today announced it has signed a definitive agreement for a long-term on-site contract for a world-scale coal-to-methanol production facility in Bengalon, East Kalimantan, Indonesia.
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Oil & Gas 360 Publishers Note: This theme …
WASHINGTON – The first shipment of U.S. crude oil is heading to Belarus this week, fulfilling a commitment made in February, U.S. Secretary of State Mike Pompeo said.
The shipment involves by U.S. firm United Energy Trading, with the …
The Eastern Mediterranean is in the …
Oil markets are re-balancing after a collapse in demand following the coronavirus outbreak but the pathway to “the next normal” is still very uncertain, the CEO of Abu Dhabi’s National Oil Company (ADNOC) said Thursday.
“There are good signs
-For a sneak peek at the return of Chinese oil demand, look no further than the rebound in price of the nation’s favorite grades.
In the last few days a Chinese state-owned refiner bought Brazil’s Lula crude for August …
VIENNA – Austrian energy group OMV sees hope for a recovery in oil prices in the second half of 2020 helped by increased fuel demand and output cuts by producers such as Saudi Arabia, its chief executive said.
The …
OTTAWA, May 13, 2020 /CNW/ – Today, the Mining Association of Canada (MAC) released a new national poll, which highlights public enthusiasm for Canada to grow market share as a preferred global supplier of critical minerals, based on …
RIO DE JANEIRO – Petrobras has delayed the submission of binding offers for an oilfield cluster known as Polo Garoupa for a fourth time, two sources with knowledge of the matter told Reuters, as investor appetite in Brazil’s offshore …
LONDON – Crude oil traders expect the market to be closer to balance in the next few months as production cuts are implemented and the global transport system emerges from a coronavirus lockdown.
Futures prices and swaps linked to …
Oil & Gas
Saudi Aramco saw a 25% plunge in profit in the first quarter of 2020 to $16.6 billion (62.48 billion Saudi riyals), but was able to retain its …
Saudi Aramco is planning to restructure its deal to acquire a 70% stake in Saudi petrochemicals giant SABIC after seeing its value drop by more than 40% as oil prices have spiralled due to the coronavirus pandemic, …
EIA
India has been the world’s fourth-largest importer of liquefied natural gas (LNG) since 2011, gradually increasing LNG imports as the country’s domestic natural gas production declined and domestic consumption increased. India’s LNG import capacity more than doubled during the …
Oil & Gas 360 Publishers Note: This article from the Deseret News has a lot of golden nuggets tucked away throughout the post. (1) Some members of Congress are starting to realize that we cannot rely on other …
LONDON: Hydrogen has long been touted as a clean alternative to fossil fuels. Now, as major economies prepare green investments to kickstart growth, advocates spy a golden chance to drag the niche energy into the mainstream of a …
Bloomberg
BUENOS AIRES (Bloomberg) –West Texas Intermediate has been gaining since its history-making crash in the U.S. last month, trading at around $25. Brent crude has been practically soaring, touching $30 in London. They can’t match the criollo barrel in …
ZHANJIANG, China, May 9, 2020 /PRNewswire/ — Sinopec Corp (HKG: 0386), China’s leading energy and chemical company, has put China’s largest petrochemical port into operation with the successful docking and unloading of the New Renown, Crude Oil Tanker (VLCC) …
MOSCOW – Exxon Neftegaz Ltd (ENL) is adjusting the schedule and scope of some of its activities at the Sakhalin-1 oil and gas project in far eastern Russia as it moves to cut spending in response to the coronavirus …
LONDON/NEW YORK – Warburg Pincus is considering selling five of its eight international oil and gas investments after the coronavirus crisis hit demand, sources familiar with the matter said.
The U.S. investment firm, which has more than $54 billion …
