Oil prices ticked up today as the market is capping a week that offered very little bearish news, while OPEC+ stability, recovering global demand levels and a draw in US inventories lent support
As the main market movers of the week are already behind us, Friday is not a day that is expected to move prices much. The market enjoyed a week free of bearish news, so prices – despite brief fluctuations – are supported in the end of the week. OPEC+ policy stability is providing the long-term […]
Oil prices rose today as a draw of US crude stocks hiked market confidence, with a weak US dollar offering further support for international buyers. Meanwhile, traders ticked off the OPEC+ meeting without surprises and are now refocusing on demand signals
After an OPEC+ meeting without surprises, oil prices are rising today as a result of the market confidence that the reported crude inventory decline created, and also due to the currently favorable exchange rate of other currencies against the US dollar. Since Wednesday morning traders had a change of heart in pricing oil. Rumors drove […]
TAQA's latest strategy focuses on developing its utilities business in the UAE and internationally
Abu Dhabi National Energy Company PJSC (“TAQA”), one of the largest listed integrated utility companies in the region, announced today that it has initiated a strategic review of its oil and gas operations. Since 2005, TAQA has built a high-quality portfolio of upstream and midstream oil and gas operations in the UK North Sea, the […]
Crude futures are trading higher today as the market has quickly moved to discount the net negative effect on supply and demand balances for Sep-21 from Hurricane Ida and instead focused ahead on today’s monthly OPEC+ meeting. It is fair to say that the market widely expects OPEC+ to ratify its plan of bringing back […]
The Oil & Gas Future Forum will return this year on 27 October! The forum is virtual and free to attend, and will comprise three panels starting at 2PM GST–join us to hear from industry experts and to ask them your questions directly! In our first discussion of the day, we will explore the potential […]
OPEC+ is likely to maintain its strategy of adding 400k b/d per month until at least the end of 2021 when it meets later this week. Oil prices have recovered from a recent dip to less than USD 65/b in Brent futures to more than USD 73/b by the end of August even as economic […]
Oil exports in Q2 2021 rose by $25.7 billion compared to the same period in 2020
Saudi Arabia’s value of exports amounted to $63.6 billion in Q2 2021, up from $31.9 billion for the same period the previous year, according to the Saudi Press Agency. The increase was attributed mainly to oil exports, which increased 126.1% year-on-year. It also accounted for a higher proportion of total exports; in Q2 2020, oil […]
Major operators want to go digital, but current computing infrastructures are often unreliable and unable to keep up. Edge computing could be the solution.
Despite various diversity and inclusion initiatives being introduced, women accounted for only 22 percent of the workforce as recently as 2019
As industries look ahead, select priorities require urgent attention before opportunities can be pursued and sustainable future potential to be realized. For oil and gas players, among the most pressing is ensuring a gender parity culture is synonymous with their organization. While the necessary platforms have been provided for men to pursue career development aspirations […]
Blockchain can be used to overhaul workflow management and drive operational efficiency
In light of the prevailing uncertainty in global energy demand, there is a heightened focus on cost reduction across all functions in the oil and gas industry. Leading players are seeking to simplify transaction processing using blockchain to boost operational efficiency and minimize compliance issues, says GlobalData, a leading data and analytics company. According to […]
