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Energy › Oil & Gas

Oil Driller Ovintiv Faces Proxy Battle Threat From Kimmeridge

Bloomberg Quint | Jan 14, 2021 at 6:30 PM

Kimmeridge Energy Management Co. said it’s prepared to nominate directors to the board of Ovintiv Inc. if the oil and gas producer fails to take the necessary steps to improve its performance and restore investor confidence.

Global oil demand to recover in 2021 – Russia’s Deputy PM

TASS Russian News Agency | Jan 14, 2021 at 4:37 PM

The global oil demand will recover in 2021 but risks exist as well, Russian’s Deputy Prime Minister Alexander Novak told reporters on Thursday on the sidelines of the Gaidar Forum.

Fujairah oil product stocks fall for 4th week, longest slide since October 2020

Emirates News Agency | Jan 14, 2021 at 2:51 PM

Oil product inventories at the Port of Fujairah dropped for a fourth consecutive week, the longest stretch since the record slide in October 2020, as middle distillates slumped to an 11-week low and heavy distillates declined for the first time in three weeks.

Non-OPEC countries to boost oil supplies by 0.8 mln barrels/day in 2021 – report

TASS Russian News Agency | Jan 14, 2021 at 2:47 PM

The oil supply by non-OPEC countries may grow by 0.8 mln barrels daily in 2021, the Organization of Petroleum Exporting Countries (OPEC) says in its January report.

Global oil demand in 2021 will grow by 5.9 mln bpd – OPEC forecast

TASS Russian News Agency | Jan 14, 2021 at 2:29 PM

Oil supply by non-OPEC countries may grow by 0.8 mln barrels daily in 2021 after a decline of 2.5 mln barrels per day in 2020.

The shift that could make India a data-first economy

Hellenic Shipping News | Jan 14, 2021 at 1:00 AM

On 6 May 2017, The Economist newsweekly published an article that inserted itself into the zeitgeist like nothing that venerable publication had ever published before.

ICE on track for March 29 launch of Murban futures contract: executive

Hellenic Shipping News | Jan 14, 2021 at 1:00 AM

The Intercontinental Exchange has received regulatory approvals from several jurisdictions, including the Bank of England and the Monetary Authority of Singapore, to support its launch of a Murban futures contract on an Abu Dhabi-based exchange, an official said Jan. 13.

Oil prices rally further after crude stocks fall more than expected

The Business Times | Jan 14, 2021 at 1:00 AM

OIL prices were higher on Wednesday, with US crude gaining for the seventh straight day, after industry data showed a bigger-than-expected drop in inventories and investors shrugged off rising new deaths and infections in the pandemic.

Oil ends lower, retreating from recent gains as Covid-19 cases rise

The Business Times | Jan 14, 2021 at 1:00 AM

Oil prices fell on Wednesday, pulling back from recent gains, on concerns that rising global Covid-19 will hamper global fuel demand.

More sources
  • Oil ends lower, retreating from recent gains as COVID cases rise (Hellenic Shipping News: 2021-01-14 00:00:00+00:00)

Maritime market update: Global natural gas liquefaction capacity is expected to nearly double by 2040

Hellenic Shipping News | Jan 14, 2021 at 1:00 AM

Risavika LNG front month reached 30.12 EUR/MWh.

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