Oil


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Addressing the Current Oil Crisis and Impact of COVID-19 at the Oil & Gas Leadership and Success Virtual Summit

Keeping you up to date with the issues, and providing strategies, ideas and solutions during the current crisis The Oil & Gas Leadership and Success Virtual Summit was realised In March when the world had begun to feel the impact of the COVID-19 pandemic, and organisers Joe Watson Gakuo and Jode ...

Jodee Lourensz


Posted 3 days agoPress > OilgasCovid 19 +8

Motor gasoline accounted for almost half of U.S. petroleum consumption in 2019

Just a few days ago, Chevron sent a tremor through the LNG industry when it announced that it was putting its stake in Australia's giant North West Shelf project up for sale, having received ‘unsolicited approaches from a range of credible buyers'. The North West Shelf Project kicked off in the 1 ...

Hui Shan


Posted 10 days agoLink > ImportsProductionUnited States +3

OGEL Call for Papers: Special Issue on the “Law and Policy of Energy Storage”

Oil, Gas and Energy Law Intelligence (OGEL, ISSN 1875-418X, www.ogel.org ) invites submissions for a Special issue focusing on laws and policies relating to energy storage . The editors for this issue are Thomas J. Dimitroff , Senior Advisor, Global Infrastructure & Civil Economics, Roland Berge ...

OGEL Journal


Posted 16 days agoPress > OilgasPolicy +6

SHORT-TERM ENERGY OUTLOOK

Bounce back in China's manufacturing sector points the way; other countries expected to follow as lockdown is liftedLatest in series of on-line ADIPEC Energy Dialogues hears it could be late 2021 before oil and gas markets recover to 2019 volumesOPEC+ supply constraints coming under pressure from ...

Hui Shan


Posted 22 days agoLink > EmissionsHydrocarbonOil +8

North American crude oil prices are closely, but not perfectly, connected

A perfect storm of events – the Covid-19 lockdowns, the resulting effect on demand, an ongoing oil supply glut, a worrying shortage of storage space and (crucially) the expiry of the NYMEX WTI benchmark contract for May, resulted in US crude oil prices falling as low as -US$37/b. This was seen as ...

Hui Shan


Posted 1 month agoLink > pricesLiquid FuelsCrude oil +7

EIA expects record liquid fuels inventory builds in early 2020, followed by draws

In the same year, the US leapfrogged Malaysia as the third largest LNG exporter in the world, and by 2025, its LNG production capacity could reach almost 15 bcf/d – eclipsing both Qatar and Australia. With its recent moves to tap into the vast natural gas resources in its offshore North Field and ...

Hui Shan


Posted 1 month agoLink > ProductionsupplyConsumption +8

OGEL Call for Papers: Special Issue on "Environmental, Social and Governance (ESG) Regimes and Their Impact on the Oil and Gas Industry"

Oil, Gas and Energy Law Intelligence (OGEL, ISSN 1875-418X, www.ogel.org ) invites submissions for a Special Issue focusing on " Environmental, Social and Governance (ESG) Regimes and Their Impact on the Oil and Gas Industry ". The editors for this issue are Gerald Pachoud , Managing Partner of ...

OGEL Journal


Posted 1 month agoPress > OilgasEnergy +6

Taking stock of the COVID-19 Energy Crisis

For many, 2020 will definitely be a year to remember…unfortunately not in a fond manner. In the first quarter of the year we have seen free falling crude oil prices, stranded crude cargoes of some of the most sought after crude grades, negative prices for crude futures, global economic shut down; ...

Mariah Lucciano-Gabriel - Asharami Energy


Posted 1 month agoOpinion > covid-19EnergyCrisis +4

EIA raises crude oil price outlook slightly as announced supply cuts lead to high inventory draws in 2021

EIA assumes OPEC members will mostly adhere to announced cuts during the first two months of the agreement (May and June) and that production compliance will relax later in the forecast period as stated production cuts are reduced and global oil demand begins growing. From that point, EIA expects ...

Hui Shan


Posted 1 month agoLink > Crude oilLiquid Fuelsnon Opec +7

HUGE BOOST FOR UK ENERGY SECTOR AS UK’S BIGGEST TRAINING PROVIDER REOPENS

Leading training centres Survivex, in Aberdeen, and AIS Training, in Newcastle, part of 3T Energy Group, reopen after enforced closure due to coronavirus. Vast array of Coronavirus measures:  on-site medical checks, temperature checks, PIC of Coronavirus safety - operating at 20% capacity to al ...

Natalie Loveless


Posted 1 month agoPress > OilEnergyOil and Gas +6

Your Weekly Update: 27 April - 1 May 2020

An entire phalanx of upstream service companies help build, operate and maintain the critical infrastructure necessary to extract oil in its natural form from deep below the ground and send it on its merry way to be turned into fuel for consumption. With all companies slashing upstream capex and ...

Hui Shan


Posted 1 month agoLink > OilOil and GasOil and Gas Industry +6

COVID-19 mitigation efforts result in the lowest U.S. petroleum consumption in decades

The U.S. Energy Information Administration (EIA) estimates the decline in petroleum product demand by examining the changes in total product supplied, EIA's proxy for consumption. In the week ending April 3, total U.S. product supplied of petroleum products fell by 3.4 million b/d, the largest we ...

Hui Shan


Posted 2 months agoLink > ConsumptionDemandLiquid Fuels +3

Withdrawals from natural gas storage this winter were lowest since 2015–16

Energy exports from the United States reached an all-time high of 23.6 quadrillion British thermal units (quads) in 2019, marking the first time in 67 years that annual U.S. gross energy exports exceeded U.S. gross energy imports, according to the U.S. Energy Information Administration's (EIA) Mon ...

Hui Shan


Posted 2 months agoLink > natural gasweatherInventories +4

Your Weekly Update: 20 - 24 April 2020

And now, unprecedented oil prices, as the WTI crude price marker slipped into negative territory for the first time ever. This had the same effect, though different contributing factors  in 2019, when WTI prices were depressed because demand was high but pipeline capacity was insufficient to carr ...

Hui Shan


Posted 2 months agoLink > Oiloil and gas newsOil and Gas Industry +7

U.S. total energy exports exceed imports in 2019 for the first time in 67 years

And now, unprecedented oil prices, as the WTI crude price marker slipped into negative territory for the first time ever. This had the same effect, though different contributing factors  in 2019, when WTI prices were depressed because demand was high but pipeline capacity was insufficient to carr ...

Hui Shan


Posted 2 months agoLink > Coalnatural gasexports +5