Inventories of both gasoline and diesel have been rising relative to the seasonal trend in the US, and consumption growth for oil remains tepid across major markets
Qatar, one of the world’s largest LNG exporters, announced an additional expansion of its LNG production in February
The Tangkulo-1 discovery aligns with the company’s gas-focused strategy and serves as a significant milestone in the region’s development
In a sign of how bullish investors were becoming most buying came from the creation of new long positions
The Minister of Energy said the discovery of the Al-Hiran natural gas field was confirmed after gas flowed from the Hanifa reservoir in the Al-Hiran
About a fifth of the volume of the world’s total oil consumption passes through the Strait on a daily basis
The Crescent Petroleum contracts are expected to begin producing 400 million standard cubic feet per day of natural gas within 18 months
Oil Minister Saad Al Barrak said the state firm aimed for net zero carbon emissions by 2050
The project seeks to increase ethane extraction from the company’s existing onshore facilities in the Habshan complex
The pipeline extension will drive further growth as part of the company’s strategy to increase its market share and enhance its customer base
Much of the gas for Aramco’s blue hydrogen will come from Saudi Arabia’s massive Jafurah field
Additional drilling operations are scheduled to be conducted during the next two years
A supply crunch has sent oil and natural gas prices soaring since the pandemic
The agreement will see ADNOC supply DUSUP with natural gas, which will be used instead of clean coal for electricity generation at DEWA’s IPP
Natural gas prices in Europe and Asia are trading at a record high for this time of year
OPEC+ meets on March 2 to decide on output for April
Citigroup raised its fourth-quarter Brent forecast to $85 a barrel
Qatar decided to leave the cartel in late 2018
The appetite for liquefied natural gas is expected to grow by 3.4 per cent a year through 2035, outpacing other fossil fuels
The company is seeking between $7bn and $10bn of five, 10- and 30-year notes
Demand for the fuel used in heating and power generation is growing faster than for any other fossil fuel
Aramco is the world’s largest oil exporter
In light of historic oil price routs and oversupply triggered by the novel coronavirus, how imminent and optimal is recovery for regional energy markets? Gulf Business speaks to Rita Allan, senior Construction and Projects associate at Pinsent Masons Middle East, to find out more