Energy


OPEC cuts outlook for oil demand

OPEC cut its forecast for 2019 world oil demand yesterday due to slowing economies and expectations of faster supply growth from rivals, underlining its challenge to prevent a surplus even as it starts...

February 13, 2019, Wednesday


Beware of white elephants, IMF chief warns oil sector

Oil exporters have not fully recovered from the dramatic oil price shock of 2014, the head of the IMF says, cautioning against spending money on “white elephant projects....

February 11, 2019, Monday


US warns of sanctions for Nord Stream work

The US ambassador to Germany has warned companies involved in the construction of the Russian-led Nord Stream 2 gas pipeline that they could face sanctions if they stick to the project, a senior US official...

January 14, 2019, Monday


Saudi oil minister sees market ‘on right track’

Saudi Arabia’s Energy Minister Khalid al-Falih said yesterday the oil market is “on the right track” and will quickly return to balance, but oil producers are willing to do more if needed....

January 14, 2019, Monday


2 top officials at Sinopec trading arm suspended

Chinese state oil major Sinopec has suspended the two top officials at its trading arm Unipec after the company suffered losses, sources with knowledge of the matter said yesterday....

December 28, 2018, Friday


Russian energy minister sees stable oil prices

Russian Energy Minister Alexander Novak said yesterday that oil prices, which fell more than a third this quarter, would become more stable in the first half of 2019....

December 26, 2018, Wednesday


Saudis call for cuts to counteract low prices

SAUDI Arabia’s energy minister has urged a global output cut of 1 million barrels per day to re-balance the market, as Riyadh unveiled plans to cut production by 500,000 bpd from December. “The technical ...

November 13, 2018, Tuesday


Angola in Total control of oil production

Angola and French oil giant Total have formally launched a major new offshore oil project to aid the country’s economy that plunged into crisis following oil price dips in 2014....

November 12, 2018, Monday


New LNG terminal opens in Zhejiang

The Liquefied Natural Gas terminal funded by ENN Group, a Chinese private energy company, began operations with Friday’s arrival of a ship loaded with 69,000 tons of LNG from Australia....

October 23, 2018, Tuesday


Natural gas production, imports up

China’s imports of natural gas continued fast growth in September while domestic production increased steadily, official data shows....

October 22, 2018, Monday




 

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