The most important point of agenda, of course, is the political unity of Libya – without it the Libyan NOC will not be able to breathe new life into exploration drilling and to allocate new acreage, not to speak of even more delicate tasks
Can Libya’s Oil Industry Make A Comeback In 2021?
The most important point of agenda, of course, is the political unity of Libya – without it the Libyan NOC will not be able to breathe new life into exploration drilling and to allocate new acreage, not to speak of even more delicate tasks
2021/05/12 17:21
OPEC’s Production Increases As Iran Ramps Up Output
OPEC’s Production Increases As Iran Ramps Up Output
OPEC’s crude oil production is estimated to have increased to a three-month high of 24.96 million barrels per day (bpd) in April, thanks to a major jump in Iran’s output, the latest survey by Argus showed.
2021/05/11 18:20
Canada Is Battling Another Pipeline Cancelation By The U.S.
Canada Is Battling Another Pipeline Cancelation By The U.S.
President Biden is coming under fire for his attack on oil and gas once again as Canada pleads to keep the cross-border Great Lakes oil pipeline open. Canada is battling against the state of Michigan to keep the cross-border pipeline open as calls to enhance the joint response to climate change seem to be at odds with the two countries’ oil industries. To create meaningful policy change towards clean energy the U.S. and Canada must work together to support their oil and gas sectors while establishing a clear strategy for the eventual movement away from fossil fuels.
2021/05/10 11:47
Africa’s Most Interesting Untapped Oil Play
Africa’s Most Interesting Untapped Oil Play
When writing the article on this year’s Top Oil Wildcats, one of the hottest candidates had to be dropped out of the list. Not because the prospect turned out to be sub-commercial, far from it, it remains one of Africa’s most interesting untapped plays, potentially opening up a new country with no previous exposure to the world of energy. As Senegal and Mauritania started to break their way onto the energy maps of Western Africa, Guinea Bissau has remained a relative outlier. At the same time it needs to be pointed out that lack of officially recognized discoveries does not necessarily mean lack of hydrocarbons, as can be attested by the Atum prospect. Atum remains one of the hottest plays in offshore Africa, an overlooked gem that would only need a little bit of political stability to shine.
2021/05/08 15:17
China’s crude oil imports in April fell by 11 percent, according to energy analytics firm OilX, to 10.41 million bpd.
Chinese Oil Imports Dropped 11% In April
China’s crude oil imports in April fell by 11 percent, according to energy analytics firm OilX, to 10.41 million bpd.
While lower than March volumes, the April average was more than 5 percent higher than the April average for 2020, OilX also said, as quoted by EnergyVoice.
2021/05/07 18:13
Oil Moves Higher On Largest Crude Draw Since January
Oil Moves Higher On Largest Crude Draw Since January
Oil prices moved higher after the Energy Information Administration reported a crude oil inventory draw of 8 million barrels for the week to April 30.

In fuels, the inventory moves were mixed.
2021/05/06 18:53
At a time when U.S. shale, OPEC+, and dozens of oil producers have laid out blueprints to limit production in a bid to return the global oil industry to its former glory, Canada’s Oil Patch appears to be merely paying lip service to the notion of keeping production subdued.
Canada’s Oil Patch Is Preparing For A Production Hike
At a time when U.S. shale, OPEC+, and dozens of oil producers have laid out blueprints to limit production in a bid to return the global oil industry to its former glory, Canada’s Oil Patch appears to be merely paying lip service to the notion of keeping production subdued.
2021/04/30 15:27
Three Things That Will Drive Oil Prices In May
Three Things That Will Drive Oil Prices In May
The Energy Sector (NYSEARCA:XLE) has taken the lead in the S&P midday sector standings on Wednesday trading, jumping 3.5% as OPEC + appears ready to stick with earlier plans to slightly increase oil production from May 1. The OPEC technical committee has issued a bullish oil demand forecast, although a hawkish tone by the Fed could derail the recent oil price gains.

Meanwhile, the Federal Open Market Committee (FOMC) meeting is scheduled to take place on 27-28 April 2021, with the committee set to announce any changes to its monetary policy immediately after.
2021/04/29 11:28
The restart of the Damietta is another major achievement for Egypt which intends to become an energy hub and exporter. There are also plans to transport Cypriot feed gas from its offshore fields through subsea pipelines to the two Egyptian liquefaction plants. Furthermore, several bids were announced to expand exploration activities in the Mediterranean, Red Sea, and the Western Desert to further increase the country’s domestic production capacity.
Egypt Restarts Major LNG Project On Rising Demand
Egypt Restarts Major LNG Project On Rising Demand.EU Admits It Can't Go Net-Zero Without Natural Gas.Egyptian Dolphinus Holding and Israeli Delek Drilling struck a landmark agreement and started importing additional gas from Israel's Leviathan and Tamar offshore fields in 2020.
2021/04/28 18:46
The Joint Technical Committee of OPEC+ is concerned about the growing case numbers in India, Japan, and Brazil
OPEC+ Concerned About India’s Oil Demand
The Joint Technical Committee of OPEC+ is concerned about the growing case numbers in India, Japan, and Brazil, Reuters sources said on Monday.
2021/04/27 09:01
When it comes to the final frontier for big oil discoveries, it’s not the Guyana-Suriname basin where supergiants like ExxonMobil (NYSE:XOM), Hess Corp. (NYSE:HES), and CNOOC (NYSE:CNOOC) have already staked their claims. And it’s not the American shale patch, where production has hit reverse gear with no end in sight. It’s Africa, where even small-cap companies are staking outsized claims of the kind that generously reward investors with a bigger risk appetite.
Energy Transition Could Doom Africa’s Oil Producers
When it comes to the final frontier for big oil discoveries, it’s not the Guyana-Suriname basin where supergiants like ExxonMobil (NYSE:XOM), Hess Corp. (NYSE:HES), and CNOOC (NYSE:CNOOC) have already staked their claims. And it’s not the American shale patch, where production has hit reverse gear with no end in sight. It’s Africa, where even small-cap companies are staking outsized claims of the kind that generously reward investors with a bigger risk appetite.
2021/04/26 08:32
The U.S. renewable diesel market is hot—so hot, in fact, that one of the feedstocks for the highly profitable renewable fuel is running low, according to Valero.
Refiner Valero: U.S. Renewable Diesel Stocks Are Running Low
The U.S. renewable diesel market is hot—so hot, in fact, that one of the feedstocks for the highly profitable renewable fuel is running low, according to Valero.
2021/04/25 14:02
The most important point of agenda, of course, is the political unity of Libya – without it the Libyan NOC will not be able to breathe new life into exploration drilling and to allocate new acreage, not to speak of even more delicate tasks
Can Libya’s Oil Industry Make A Comeback In 2021?
The most important point of agenda, of course, is the political unity of Libya – without it the Libyan NOC will not be able to breathe new life into exploration drilling and to allocate new acreage, not to speak of even more delicate tasks
OPEC’s Production Increases As Iran Ramps Up Output
OPEC’s Production Increases As Iran Ramps Up Output
OPEC’s crude oil production is estimated to have increased to a three-month high of 24.96 million barrels per day (bpd) in April, thanks to a major jump in Iran’s output, the latest survey by Argus showed.
Canada Is Battling Another Pipeline Cancelation By The U.S.
Canada Is Battling Another Pipeline Cancelation By The U.S.
President Biden is coming under fire for his attack on oil and gas once again as Canada pleads to keep the cross-border Great Lakes oil pipeline open. Canada is battling against the state of Michigan to keep the cross-border pipeline open as calls to enhance the joint response to climate change seem to be at odds with the two countries’ oil industries. To create meaningful policy change towards clean energy the U.S. and Canada must work together to support their oil and gas sectors while establishing a clear strategy for the eventual movement away from fossil fuels.
Africa’s Most Interesting Untapped Oil Play
Africa’s Most Interesting Untapped Oil Play
When writing the article on this year’s Top Oil Wildcats, one of the hottest candidates had to be dropped out of the list. Not because the prospect turned out to be sub-commercial, far from it, it remains one of Africa’s most interesting untapped plays, potentially opening up a new country with no previous exposure to the world of energy. As Senegal and Mauritania started to break their way onto the energy maps of Western Africa, Guinea Bissau has remained a relative outlier. At the same time it needs to be pointed out that lack of officially recognized discoveries does not necessarily mean lack of hydrocarbons, as can be attested by the Atum prospect. Atum remains one of the hottest plays in offshore Africa, an overlooked gem that would only need a little bit of political stability to shine.
China’s crude oil imports in April fell by 11 percent, according to energy analytics firm OilX, to 10.41 million bpd.
Chinese Oil Imports Dropped 11% In April
China’s crude oil imports in April fell by 11 percent, according to energy analytics firm OilX, to 10.41 million bpd.
While lower than March volumes, the April average was more than 5 percent higher than the April average for 2020, OilX also said, as quoted by EnergyVoice.
Oil Moves Higher On Largest Crude Draw Since January
Oil Moves Higher On Largest Crude Draw Since January
Oil prices moved higher after the Energy Information Administration reported a crude oil inventory draw of 8 million barrels for the week to April 30.

In fuels, the inventory moves were mixed.
At a time when U.S. shale, OPEC+, and dozens of oil producers have laid out blueprints to limit production in a bid to return the global oil industry to its former glory, Canada’s Oil Patch appears to be merely paying lip service to the notion of keeping production subdued.
Canada’s Oil Patch Is Preparing For A Production Hike
At a time when U.S. shale, OPEC+, and dozens of oil producers have laid out blueprints to limit production in a bid to return the global oil industry to its former glory, Canada’s Oil Patch appears to be merely paying lip service to the notion of keeping production subdued.
Three Things That Will Drive Oil Prices In May
Three Things That Will Drive Oil Prices In May
The Energy Sector (NYSEARCA:XLE) has taken the lead in the S&P midday sector standings on Wednesday trading, jumping 3.5% as OPEC + appears ready to stick with earlier plans to slightly increase oil production from May 1. The OPEC technical committee has issued a bullish oil demand forecast, although a hawkish tone by the Fed could derail the recent oil price gains.

Meanwhile, the Federal Open Market Committee (FOMC) meeting is scheduled to take place on 27-28 April 2021, with the committee set to announce any changes to its monetary policy immediately after.
The restart of the Damietta is another major achievement for Egypt which intends to become an energy hub and exporter. There are also plans to transport Cypriot feed gas from its offshore fields through subsea pipelines to the two Egyptian liquefaction plants. Furthermore, several bids were announced to expand exploration activities in the Mediterranean, Red Sea, and the Western Desert to further increase the country’s domestic production capacity.
Egypt Restarts Major LNG Project On Rising Demand
Egypt Restarts Major LNG Project On Rising Demand.EU Admits It Can't Go Net-Zero Without Natural Gas.Egyptian Dolphinus Holding and Israeli Delek Drilling struck a landmark agreement and started importing additional gas from Israel's Leviathan and Tamar offshore fields in 2020.
The Joint Technical Committee of OPEC+ is concerned about the growing case numbers in India, Japan, and Brazil
OPEC+ Concerned About India’s Oil Demand
The Joint Technical Committee of OPEC+ is concerned about the growing case numbers in India, Japan, and Brazil, Reuters sources said on Monday.
When it comes to the final frontier for big oil discoveries, it’s not the Guyana-Suriname basin where supergiants like ExxonMobil (NYSE:XOM), Hess Corp. (NYSE:HES), and CNOOC (NYSE:CNOOC) have already staked their claims. And it’s not the American shale patch, where production has hit reverse gear with no end in sight. It’s Africa, where even small-cap companies are staking outsized claims of the kind that generously reward investors with a bigger risk appetite.
Energy Transition Could Doom Africa’s Oil Producers
When it comes to the final frontier for big oil discoveries, it’s not the Guyana-Suriname basin where supergiants like ExxonMobil (NYSE:XOM), Hess Corp. (NYSE:HES), and CNOOC (NYSE:CNOOC) have already staked their claims. And it’s not the American shale patch, where production has hit reverse gear with no end in sight. It’s Africa, where even small-cap companies are staking outsized claims of the kind that generously reward investors with a bigger risk appetite.
The U.S. renewable diesel market is hot—so hot, in fact, that one of the feedstocks for the highly profitable renewable fuel is running low, according to Valero.
Refiner Valero: U.S. Renewable Diesel Stocks Are Running Low
The U.S. renewable diesel market is hot—so hot, in fact, that one of the feedstocks for the highly profitable renewable fuel is running low, according to Valero.