Tag: future of oil

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Aramco In Talks with Sinopec, Total on $10B Saudi Gas Deal

2023-05-03

The Chinese and French energy giants are in separate discussions with Saudi Aramco about the plans that may include the construction of facilities to export the fuel as liquefied natural gas

Interfax Says Russia Doesn’t See Need for More OPEC+ Cuts

2023-04-29

There’s no need for additional oil output cuts beyond what key producers have already agreed, as the global crude market has achieved balance, Interfax reported, citing Russian Deputy Prime Minister Alexander Novak

China Ships Out Less Gasoline and Diesel as Local Market Heals

2023-04-19

Refiners in China cut exports of gasoline and diesel in March as they prioritized domestic sales in a further sign of recovery in the world’s largest crude oil importer

Analysts Flag Decisive Factor Behind OPEC+ Cut

2023-04-10

The decisive factor behind the voluntary production cut from some OPEC+ members was positioning data and the rapid move towards a bearish speculative extreme amid the market turmoil that followed the collapse of SVB.

Freeport LNG Provides LNG Facility Update

2023-02-25

In a statement posted on its website, Freeport LNG Development, L.P. has announced that it has received regulatory approval to commence commercial operations of its natural gas liquefaction and export facility.

Oil Rebounds This Week

2023-02-12

This week, one of Rigzone’s regular market watchers takes a look at the latest oil price moves, flags market surprises and outlines the developments to watch out for next week.

OPEC+ Delegates Expect Committee to Recommend Steady Output

2023-01-30

PEC+ delegates said they expect an advisory committee of ministers to recommend keeping oil production levels unchanged when they meet next week amid a tentative recovery in global demand.

Fundamentals Strong Enough for $90+ Oil Period

2023-01-28

Fundamentals are not yet strong enough to sustain prices above $100 per barrel, but they are strong enough to sustain a prolonged period of trading above $90 per barrel.

First Major Cold Fronts Will Test Oil and Gas Inventories

2022-11-02

In this week’s preview of what to watch in oil and gas markets, Rigzone’s regular energy prognosticators turn their attention to weather patterns, implied U.S.

Biden Scolds Oil Giants For Handing Record Profits To Investors

2022-11-01

Big Oil’s record profits are a huge hit on Wall Street but increasingly provocative in the corridors of power from Washington to London as politicians