What The Largest-Ever Oil Deal Between India and Russia Really Means
The new Trump Administration may target Russias recent oil deals as part of its sanctions discussions. Russias Rosneft has signed a $13 billion annual crude oil supply agreement with Indian downstream giant Reliance Industries, committing to supply 50…
Argentina to Eclipse Colombia as Oil Production Growth Continues
Crude oil production in the Vaca Muerta shale formation in Argentina is about to hit 1 million barrels per day this decade. The forecast came recently from Rystad Energy, and on its heels came another forecast, from the EIA: Argentina will soon eclips…
Post-Exhibition Report-A comprehensive review of the third China (Wenzhou) Int’l Pump & Valve Fair
Oil Giants Bet Big on a Deepwater Boom
Deepwater oil exploration has been garnering growing attention this year amid reports of successful—and sizable—discoveries offshore Namibia and Guyana. This might be only the beginning of a new trend in oil exploration because the world will contin…
Oil Prices Rise After China Vows to Ramp Up Monetary Stimulus
Oil prices climbed by more than 1% on Monday after China unveiled plans to adopt its first loosened monetary policy stance since 2010 as it looks to boost economic growth. Brent crude for February delivery was up 1.52% to trade at $72.21 per barrel at…
U.S. Oil Rig Count Rises Despite Falling Crude Prices
The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, after falling in the two weeks prior.The total rig count rose by 7, landing at 589 total rigs, a…
Gas Prices Set for a Breakout in 2025
Natural gas prices are on the climb and this climb is about to intensify in the first months of the new year as seasonal demand hits its peak in the northern hemisphere. That’s bad news for struggling economies.Gas prices in Europe, Asia, and North A…
Oil Prices Tick Higher on Crude Inventory Draw
Crude oil prices moved higher today after the U.S. Energy Information Administration reported an inventory decline of 5.1 million barrels for the week to November 29.The change compared with a build of 1.23 million barrels for the week, as estimated b…
Europe Depletes Gas Inventories At Fastest Rate in Six Years Ahead of Winter
Europe is depleting its natural gas reserves at the fastest rate in six years as still winter weather and low temperatures combine to challenge the continent’s transition away from hydrocarbons—and delay it.Since the start of official winter season—…
Why China is Finally Turning Its Back on Iranian Oil
After years of abusing Iranian sanctions and flooding Chinas economy with cheap Iranian oil, China’s larger independent refiners are set to shun Iranian oil “imminently” because of their exposure to the US banking system, said Energy Aspects, which…
Coal’s Share of Electricity Generation in China Dips Despite High Demand
The share of electricity in China generated from coal dipped below 60% of the total for the first time since the start of the year. Some have seen this as a win for the country’s transition efforts. Alas, it is a temporary one.China’s share of coal …
Why Energy Giants Won't Turn Their Backs on Oil
As governments worldwide put increasing pressure on oil and gas companies to decarbonize, many have responded by pledging to expand their renewable energy portfolios and cut emissions in fossil fuel operations. However, despite big promises, little pr…
U.S. Gas Drillers Saddle Up for Data Center-Fueled Demand Ride
U.S. natural gas producers are preparing for stronger demand and higher prices for their product as data center proliferation accelerates further and years of depressed gas prices become a thing of the past. They are not letting it all happen by itsel…
Are Iraq’s Oil Flows Through Kurdistan To Turkey Set To Resume?
The resumption of oil exports from Iraq’s semi-autonomous region of Kurdistan through the Iraq-Turkey Pipeline (ITP) to the Turkish port of Ceyhan was discussed in detail last week by Iraqi Oil Minister Hayan Abdul-Ghani and the country’s Parliament…
Deepwater Discoveries Set to Reshape Africa's Energy Landscape
Africa’s deepwater segment has always played a key role in terms of adding significant discovered volumes, which has helped Africa sustain its hydrocarbon production. The contribution of this segment in Africa’s hydrocarbon production mix was betwee…
UAE’s Energy Giant Boosts Natural Gas Supply and Investments
ADNOC Gas, the natural gas unit of Abu Dhabi’s national oil company, is raising its capital expenditure and gas supply, expecting global LNG demand to continue growing by 3% every year by 2040, ADNOC Gas said in a strategy update on Monday.ADNOC Gas …