As India’s backstep coincides with OPEC+ bringing back much of its curtailed oil output, the demand loss from one of the world’s largest oil consumers will result in a global oil liquids supply surplus of 0.9 million bpd in April
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JP Morgan and Citi top M&A financial advisers by value and volume in oil & gas sector
JP Morgan and Citi were the top mergers and acquisitions (M&A) financial advisers in the oil & gas sector for Q1 2021 by value and volume, respectively
Oil & gas companies hedging production farther into the future
Opportune LLP presents a survey of how oil and gas producers hedge.
Oil up on hopes OPEC+ may address the Indian demand destruction
Oil prices are ticking up today on trader hopes that OPEC+ may address India’s demand destruction with supply policy amendments in its coming meeting
Major oil and gas producers form Net Zero Producers’ Forum
Qatar, the US, Saudi Arabia, Canada, and Norway are joining forces to create net zero emission strategies
Oil demand to peak at 101.6 million bpd in 2026: Rystad Energy
The revised peak is earlier than the company’s previous forecast
L&T wins contract to design and build oil and gas supply base at SPARK
Oilfield Supply Company awarded the contract for its base in King Salman Energy Park
Oilfields Supply Centre to spend $570 million on SPARK base
OSC has awarded a contract for the construction of its centre at SPARK
Oil and gas industry charts course to achieve the Sustainable Development Goals
IPIECA-WBCSD SDG Roadmap for the oil and gas sector provides over 90 transformational actions the sector can take to accelerate the realisation of the UN Sustainable Development Goals
Oil up on Libya budget rift and US crude stocks expectations
Oil prices rose on Tuesday as a result of a force majeure on exports from Libya’s Hariga port and on expectations that crude inventories fell last week in the US