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Uzbekistan GTL LLC moves closer to completion

Uzbekistan GTL LLC issues an update on the current state of the construction of the largest complex for the production of synthetic liquid fuel in…

Vitol: Oil demand to grow for 10 years

Global oil demand will continue growing for another decade but near-term consumption of jet fuel to pre-2019 levels will take “some time”, said Vitol, the…

EIA Raises Oil Price Forecasts Again

The U.S. Energy Information Administration (EIA) has again raised its Brent and West Texas Intermediate (WTI) oil price forecasts for both 2021 and 2022. As…

Shell to Make First Oil Output Profit Since Pandemic

Royal Dutch Shell Plc said it expects to make the first profit from pumping oil since the start of the pandemic. Shell’s upstream unit, which…

Dubai-based international solar developer looks to add 200 MWAC of clean energy to Uzbekistan

Phanes Group, an international solar energy developer, headquartered in Dubai, signed a Power Purchase Agreement (PPA) and Investment Agreement (IA) for a 200 MWАС grid-connected…

Saudis cutting US oil prices, raising rates for Asian buyers

Saudi Arabia raised prices for oil shipments to customers in its main market of Asia, signaling the kingdom’s confidence in the region’s economic recovery, according…

Oil prices falling after recent hike

Oil prices fell on April 2 after the rise in anticipation of the OPEC+ decision to increase production from May, which was perceived by the…

Gas prices in Europe rising again

The spot price of gas in Europe rose to a 7-weeks-high amid the start of the season of gas injection into underground storage facilities, Report informs referring to…

ExxonMobil Set To Outperform As Oil And Gas Prices Climb

Exxon could swing into profit this quarter after five consecutive quarters in the red thanks to higher oil and gas prices and recovering demand, according…

Oil Rebounds as OPEC+ Seen Rolling Over Curbs

Oil rebounded ahead of an OPEC+ meeting on Thursday at which the group will decide on output policy, with the alliance expected to maintain its…

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