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.

Norway’s Natural Gas Output Recorded Substantial Surge in October

The country sold 374.34 billion cubic feet of gas last month.

Dangote Refinery: Local Currency Crude Sales Fell Short of Target

The refinery aims to compete with European refiners, upon reaching full capacity, Devakumar added.

US Says 13.5 Tons of Deadly Gas Released at Texas Refinery in Oct Incident

Two contract workers employed by Repcon were performing maintenance when they partially opened a flange releasing the hydrogen sulfide gas, the board said.

US Natural Gas Drillers to Lift 2025 Output, Reversing Year of Cuts

The EIA projects annual average dry gas production will slide from a record 103.8 billion cubic feet per day (bcfd) in 2023 to 103.3 bcfd in 2024, but climb to 104.5 bcfd in 2025.

Oil Rises 2% on Supply Worries as Russia-Ukraine War Escalates

OPEC+ may push back output increases again when it meets on Dec. 1 due to weak global oil demand, said three OPEC+ sources familiar with the discussions.

GlobalData: Oil and Gas Contract Value Dipped in Q3 This Year

In comparison to the 1,546 contracts in the previous quarter of the year, the total contract volume in Q3 stayed relatively constant at 1,519 contracts.

Macquarie Anticipates Oil Prices to Test New Lows in 2025

Oil prices will hit new lows as a result of waning geopolitical risks and the rise of fundamentally pessimistic factors.

OPEC+ May Stick with Deep Oil Cuts for Longer Due to Weak Demand

Despite OPEC+'s cuts and delays to output hikes, oil prices have mostly stayed in the $70-$80 per barrel range this year.

Egypt in Talks with Foreign Companies Over Long-Term LNG Purchases

All of the sources asked not to be named because they were not authorised to speak publicly on the issue.

Peru's State Oil Firm Could Open to Private Investors in 2025

PetroPeru lost its investment grade from rating agencies in 2022 due to a crisis following an investment of $6.5 billion to modernize its Talara refinery.