Energy News Results

  • FOCUS-Canada's oil patch seeks government green aid to produce cleaner crude

    Canada's struggling oil patch is seeking government aid to clean up its impact on the environment after the industry cut spending on green initiatives to weather the COVID-19 downturn. Canada, the world's fourth-largest oil producer, pumps out the highest emissions per barrel among major oil nations, according to Rystad Energy.

  • Oil Recovery Expected to Falter Though Supply Glut Shrinks

    The world is burning through the oil supply glut that threatened to cripple the energy industry a few months ago, but spiraling coronavirus infection numbers are putting the recovery in jeopardy, the International Energy Agency said Wednesday. In its monthly oil market report, the IEA said global oil supply in September was 9% below the pre-pandemic average of 2019. The amount of oil in expensive offshore floating storage fell sharply below its level in May, at the nadir of the...

  • TABLE-UAE's Fujairah fuel inventories fall to 2020 low in week ended Oct 12

    Fujairah Oil Industry Zone on Wednesday published the following weekly inventory data for oil products for the week ended Oct. 12, according to industry information service S&P Global Platts.

  • Oil rises nearly 2% as robust China trade data offsets returning supply

    Oil prices rebounded on Tuesday, supported by robust economic data from China that offset returning supply in other regions but gains were capped by forecasts for a slow recovery in global oil demand as coronavirus cases rise.

  • ICE says to launch ADNOC's Murban oil futures early in 2021

    Intercontinental Exchange Inc. (ICE) said on Monday it planned to launch ICE Futures Abu Dhabi and trading in Murban futures contracts late in the first quarter of 2021. Abu Dhabi National Oil Company said last year its flagship Murban crude would be traded on a new local exchange, IFAD, that would be owned by Abu Dhabi, several oil firms and ICE, the home to trading in Brent crude.

  • Natural Gas Surges as Traders Brace for Cold Winter -- Update

    Natural-gas prices rose to their highest level in more than a year and a half on Monday, extending a recent rally with traders preparing for colder temperatures and assessing the impact of weather-related supply disruptions. Natural-gas futures for November delivery advanced 5.1% to $2.881 a million British thermal units, recording their highest close since March 2019. Prices have rallied about 14% so far this month and are up roughly 60% in the past three months, with recent...

  • Oil prices fall 3% as U.S., Libyan, Norwegian supplies resume

    Oil prices settled about 3% lower on Monday as force majeure at Libya's largest oilfield was lifted, a Norwegian strike affecting production ended and U.S. producers began restoring output after Hurricane Delta. Brent crude settled down $1.13, or 2.6%, to $41.72 a barrel.

  • Natural Gas Surges as Traders Brace for Cold Winter

    Natural-gas prices rose toward their highest level in nearly two years on Monday, extending a recent rally with traders preparing for colder temperatures and assessing the impact of weather-related supply disruptions. Natural-gas futures for November delivery advanced 5.9% to $2.903 a million British thermal units, heading for their highest close since January 2019. Prices have rallied about 15% so far this month and are up roughly 60% in the past three months, with recent...

  • ICE says to launch ADNOC's Murban oil futures early in 2021

    Intercontinental Exchange Inc. (ICE) said on Monday it planned to launch ICE Futures Abu Dhabi and trading in Murban futures contracts late in the first quarter of 2021. Abu Dhabi National Oil Company said last year its flagship Murban crude would be traded on a new local exchange, IFAD, that would be owned by Abu Dhabi, several oil firms and ICE, the home to trading in Brent crude.

  • BRIEF-ICE Provides Update On Plans To Launch Ice Futures Abu Dhabi

    Intercontinental Exchange Inc (ICE): * INTERCONTINENTAL EXCHANGE PROVIDES UPDATE ON PLANS TO LAUNCH ICE FUTURES ABU DHABI AND WORLDÂ’S FIRST MURBAN CRUDE FUTURES CONTRACTS. * Intercontinental Exchange Inc (ICE) - ICE PLANS TO LAUNCH IFAD AND TRADING IN MURBAN FUTURES CONTRACTS LATE IN Q1 OF 2021. * Intercontinental Exchange Inc (ICE) - MORE SPECIFIC DATE FOR LAUNCH OF TRADING WILL BE ANNOUNCED IN DUE COURSE.

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