Sunday, 19 January 2025

Focus on OPEC+

FILE PHOTO: A 3D printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessNewsOil

OPEC cuts 2024, 2025 global oil demand growth view again

OPEC on Monday cut its 2024 global oil demand growth forecast for the third time this year, citing recent data trends.

News Release

Targa Resources Corp. Announces Quarterly Dividend and Timing of Third Quarter 2024 Earnings Webcast

HOUSTON, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced its quarterly dividend on common shares...

News Release

Parex Resources Announces Production Update and Timing of Q3 2024 Results

CALGARY, Alberta, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) announces a production update as well...

FILE PHOTO: A 3D printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessNewsOilPolitics

OPEC+ unlikely to change output policy at Oct. 2 panel meeting

Oil prices have fallen in 2024, pressured by concern about global demand and rising supply outside OPEC+.

News Release

Targa Resources Corp. to Participate in Wolfe Research Utilities, Midstream & Clean Energy Conference

HOUSTON, Sept. 27, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that representatives from the Company...

FILE PHOTO: A view of the logo of the Organization of the Petroleum Exporting Countries (OPEC) outside their headquarters in Vienna, Austria, November 30, 2023. REUTERS/Leonhard Foeger/File Photo
EconomyElectric Vehicles (EVs)NewsOilPolitics

OPEC rolls out global oil outlook to 2050, sees no peak demand

OPEC is citing growth led by India, Africa and the Middle East and a slower shift to electric vehicles and cleaner fuels.

Nigeria's Dangote mega-refinery will aim to cover all the country's domestic petrol needs (AFP)
AutomotiveBusinessEconomyFuelNewsOilPoliticsTransport

Nigeria’s Dangote refinery caught between promise and reality

Nigeria waits for mega-refinery's fuel to flood the domestic market after delays and outcry over petrol price subsidies.

FILE PHOTO: Flue gas and steam rise out of chimneys and smokestacks of an oil refinery during sunset on a frosty day in the Siberian city of Omsk, Russia, February 8, 2023. REUTERS/Alexey Malgavko/File Photo
BusinessNewsOil

Morgan Stanley cuts Brent forecast as market signals demand softness

Brent crude oil forecast cut as global market faces a period of demand weakness, says bank.

FILE PHOTO: A view shows an oil pump jack outside Almetyevsk in the Republic of Tatarstan, Russia June 4, 2023. REUTERS/Alexander Manzyuk/File Photo
Natural GasNewsOilTrade

Russia raises forecast for 2024 oil, gas export revenues by $17.4 billion, document shows

Russia's 2024 oil and gas export forecast was raised by $17.4 billion to $239.7 billion, driven by higher price expectations.

FILE PHOTO: A view shows the logo of the Organization of the Petroleum Exporting Countries (OPEC) outside its headquarters in Vienna, Austria, May 28 , 2024. REUTERS/Leonhard Foeger/FIle Photo
BusinessNewsOil

OPEC+ agrees to delay October output hike for two months, sources say

LONDON/MOSCOW – OPEC+ has agreed to delay a planned October oil output increase for October and November after crude prices hit their lowest...

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