Asia, led by China and India, is experiencing a resurgence in demand for fossil fuels, despite challenges in the construction sector and advances in electric vehicles.
Asia, led by China and India, is experiencing a resurgence in demand for fossil fuels, despite challenges in the construction sector and advances in electric vehicles.
In 2023, global oil demand will increase, driven by China, while US and Brazilian production will outperform, despite economic and geopolitical uncertainties.
In 2023, global oil demand will increase, driven by China, while US and Brazilian production will outperform, despite economic and geopolitical uncertainties.
A liquefied natural gas (LNG) sales agreement has been signed between QatarEnergy and China Petrochemical Corp, or Sinopec, with a probable fixing of around 12.7% on the price of crude oil. This agreement enables Sinopec to receive LNG cargoes at its terminals in China.
A liquefied natural gas (LNG) sales agreement has been signed between QatarEnergy and China Petrochemical Corp, or Sinopec, with a probable fixing of around 12.7% on the price of crude oil. This agreement enables Sinopec to receive LNG cargoes at its terminals in China.
Pontegadea, the investment company of Inditex founder Amancio Ortega, plans to acquire a 49% stake in a portfolio of wind farms and photovoltaic power plants in Spain, in partnership with Repsol.
Pontegadea, the investment company of Inditex founder Amancio Ortega, plans to acquire a 49% stake in a portfolio of wind farms and photovoltaic power plants in Spain, in partnership with Repsol.
ExxonMobil has launched a tender for a $75 million project to build a pipeline in Argentina, as part of its efforts to boost oil production in the Vaca Muerta shale field.
ExxonMobil has launched a tender for a $75 million project to build a pipeline in Argentina, as part of its efforts to boost oil production in the Vaca Muerta shale field.
BP announced on November 6 the delayed start-up of oil and gas production from the Seagull project, a 54 million barrel oil equivalent link to the main hub of the group's Trough Area East field, which in turn feeds the Forties crude oil volumes.
BP announced on November 6 the delayed start-up of oil and gas production from the Seagull project, a 54 million barrel oil equivalent link to the main hub of the group's Trough Area East field, which in turn feeds the Forties crude oil volumes.
Freight rates for VLCCs (Very Large Crude Carriers) on the main route from the Persian Gulf to China have reached a two-month peak due to growing demand for long-haul Atlantic barrels, according to market sources.
Freight rates for VLCCs (Very Large Crude Carriers) on the main route from the Persian Gulf to China have reached a two-month peak due to growing demand for long-haul Atlantic barrels, according to market sources.
Independent Chinese refineries reduced their imports of bitumen blends in October due to rising prices and the entry of competitors, notably PetroChina, following the lifting of US sanctions on Venezuelan oils.
Independent Chinese refineries reduced their imports of bitumen blends in October due to rising prices and the entry of competitors, notably PetroChina, following the lifting of US sanctions on Venezuelan oils.
Oil prices currently reflect the view that a 1973-style oil embargo is an extremely unlikely response to the crisis in Gaza. However, the leaders of OPEC's largest producers have made irrational decisions in the past.
Oil prices currently reflect the view that a 1973-style oil embargo is an extremely unlikely response to the crisis in Gaza. However, the leaders of OPEC's largest producers have made irrational decisions in the past.
