Energy News Results

  • PetroTal crude output plans on track despite Peru pipeline protest, GM says

    Canada-based oil firm PetroTal Corp (PTALF) is hopeful to meet its plans to almost double crude production in Peru this year, despite protests by indigenous groups hitting a key pipeline in the country, the firm's general manager said on Friday.

  • U.S. drillers add oil and gas rigs for sixth week in a row -Baker Hughes

    U.S. energy firms this week added oil and natural gas rigs for a sixth week in a row as oil prices soared to their highest since 2014, prompting drillers to return to the wellpad. The oil and gas rig count, an early indicator of future output, rose 10 to 543 in the week to Oct. 15, its highest since April 2020, energy services firm Baker Hughes Co (BKR) said in its closely followed report on Friday.

  • Turkey seals 11 bcm Azeri gas deal and making progress on supply, minister says

    Turkey has sealed a three-year, 11 billion cubic metres natural gas accord with Azerbaijan and is making "significant" progress in securing additional natural gas supply, Energy Minister Fatih Donmez said on Friday. Turkey's record demand for natural gas this year is forcing it to step up purchases on a surging spot market as it scrambles to renew long-term contracts expiring this winter.

  • Oil prices rise to three-year high on back of supply deficit forecasts

    -Oil prices settled at a three-year high above $85 a barrel on Friday, boosted by forecasts of a supply deficit in the next few months as the easing of coronavirus-related travel restrictions spurs demand. Brent crude futures settled up 86 cents, or 1%, at $84.86 a barrel. U.S. West Texas Intermediate crude futures rose 97 cents, or 1.2%, to $82.28 a barrel.

  • Russia to prioritise domestic gas market, says Novak

    Russia will prioritise gas supplies for its home market, Deputy Prime Minister Alexander Novak told a forum on Thursday. Novak said that Gazprom plans to finish filling domestic storage by the end of this month, depending on the weather, and reiterated that no one in Europe has asked Russia to send additional gas to calm surging spot prices.

  • Oil prices rise, as Saudis dismiss supply concerns as demand grows

    Oil prices rose 1% on Thursday after top oil producer Saudi Arabia dismissed calls for additional OPEC+ supply and the International Energy Agency said surging natural gas prices could boost demand for oil among power generators. The market largely shrugged off an unexpectedly large increase in U.S. crude inventories as refiners cut production in a generally slower period for those facilities.

  • BRIEF-Oil Product Deliveries To The Spanish Market From Fuel Distributor Exolum Terminals Up 21.3% In September YoY

    OIL LOGISTICS COMPANY EXOLUM: * OIL PRODUCT DELIVERIES TO THE SPANISH MARKET FROM FUEL DISTRIBUTOR EXOLUM TERMINALS INCREASED BY 21.3% SEPTEMBER YEAR ON YEAR. * OIL PRODUCT DELIVERIES TO THE SPANISH MARKET FROM FUEL DISTRIBUTOR EXOLUM TERMINALS IN SEPTEMBER REMAIN 8.0% BELOW SEPTEMBER 2019 LEVELS Source text: https://bit.ly/3lAUchu.

  • China coal imports surge, prices hit record as floods add to energy woes

    * January Zhengzhou thermal coal futures hit record high. * Price surge comes a day after govt liberalised power market. * Coal imports at highest for the year in Sept. * Data shows China Sept exports unaffected by power shortfalls. By Shivani Singh and Muyu Xu.

  • TABLE-UAE's Fujairah oil inventory data for week ended Oct. 11

    Fujairah Oil Industry Zone on Wednesday published the following weekly inventory data for oil products for the week ended Oct. 11, according to industry information service S&P Global Platts.

  • Oil eases on profit taking, demand jitters; stays near highest in years

    Oil prices eased on Wednesday on worries that crude demand growth would slow, which ate into recent gains that had brought prices to multi-year highs in recent sessions. Analysts noted that some traders likely took profits in U.S. crude after West Texas Intermediate futures hit their highest since October 2014 during the past three sessions.

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