Energy News, Crude Oil, Natural Gas, Futures Exchange, Maritime Reports

Latest news and market reports from enegery industry. Market updates on crude oil, gas, electricity and bunker fuel.

Eurostat Announced Steep Decline in EU Imports of Russian Oil and Gas

The country’s share of monthly EU imports fell significantly from 21.6% to 4% year-on-year.

ONGC Signed Agreement with HPCL for Sale of Crude Oil

This has been preventing state-run producers such as ONGC from getting best prices.

Nigeria Targets Oil Output of 2.1 mln bpd by December 2024

Oil production stood at 1.41 million bpd in August, up eight per cent from July, data from the petroleum regulator shows.

Venezuela Strikes Trinidad Natural Gas Deal, Raises Essequibo Claim Against Guyana

In a separate communique, Caracas accused Georgetown of acting as “an employee of ExxonMobil,” in reference to the US oil giant that has leading oil drilling projects in Guyana.

US Drillers Cut Oil and Gas Rigs for First Time in Three Weeks – Baker Hughes

In the Haynesville shale in Arkansas, Louisiana and Texas, drillers cut the number of gas rigs operating by two to 39, the lowest since November 2020.

Chevron, Workers’ Union Reached Settlement to End Strike

This will put an end to the industrial action by around 500 unionized workers across the three West Coast facilities since 8th September, 2023.

Duqm Refinery in Oman Completed Start-Up Processes

OQ noted that the construction works are 99% complete.

Rise in Refinery Outages, Tighter Supplies Pushing up US Fuel Prices

A surge in global crude oil prices to more than $90 a barrel also has contributed to fuel price hikes nationwide.

Equinor Declares Commerciality of Two Natural Gas Fields Offshore Brazil

The development of Raia Manta and Raia Pintada will be the first project in Brazil to treat gas offshore and be connected to the national grid without further onshore processing.