oil & gas industry

Oil & Gas

Oil demand growth shows signs of sharper slowdown, IEA says

The IEA sliced nearly 400,000 barrels a day from assessments of consumption growth for the final three months of 2023.

Oil & Gas

Sinopec eyes Shell’s historic Singapore oil refinery, sources say

“Our strategic review is ongoing and we are exploring several options including divestment,” says Shell.
Here's what Morgan Stanley to Goldman say about Saudi output cut - THE EDGE SINGAPORE

Oil & Gas

Here's what Morgan Stanley to Goldman say about Saudi output cut

The cut may support prices in the short term, but the broad market dynamics remain practically unchanged: Morgan Stanley.

Oil & Gas

Rex International subsidiary acquires 40% stake in two North Sea licenses with two discoveries

The licenses come with the Iving and Evra discoveries and are located in the Utsira High area.

Oil & Gas

Oil refiners reel from Saudi Arabia's pledge to curb supplies even as demand eases

Oil futures in New York surged to a 10-month high and topped US$50 ($65.89) a barrel on Tuesday after the deal by OPEC+.

Oil & Gas

OPEC faces seismic demand split as cartel plots next move

As OPEC+ ministers gather virtually this week, the city that traditionally hosts their meetings will be locked down.


Australia’s CIMIC Group wins $180 mil in maintenance services contracts

 Many of these contracts are multi-year extensions of UGL’s pre-existing contracts such as providing maintenance, projects and shutdown services for GLNG Operations Pty Ltd for the Queensland Curtis Island facility, which is a liquefaction plant th

Oil & Gas

End-of-year Brent oil price targeted at US$40 as OPEC increases production: Pictet Wealth Management

With signs that oil supply and demand are moving into balance as the world emerges from the COVID-19 pandemic, Pictet Wealth Management has revised upward its year-end price target for Brent oil.


What to watch in commodities: virus, oil, copper, iron ore, IEA

Commodity investors will get critical insights into energy, metals and crop markets this week against a backdrop of better-than-expected economic data and countervailing concern over the jump in coronavirus infections.

Oil & Gas

Oil hovers at US$43 a barrel on tightening crude supplies against surging Covid-19 infections

While Brent oil has doubled since April as OPEC+ reduced output to tackle a glut, surging infections across the globe have increased fears of a prolonged hit to demand and kept a lid on further gains.