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Europe · ViennaOPEC cut its 2022 global economic growth forecast to 3.1% from 3.5%. High crude prices and Chinese coronavirus outbreaks have eaten into 2022 growth projections. Oil held on to an earlier gain after the report was released, finding support from the IEA’s view on demand.See the Story
OPEC, in contrast to IEA, sees lower 2022 oil demand growth
56% Right coverage: 9 sources
Business · WashingtonBrent crude futures gained $1.04, or 1.1%, to $98.44 a barrel by 0949 GMT. U.S. West Texas Intermediate crude futures rose $ 1.03, or1.1, to $92.96 a barrel. International Energy Agency raised its oil demand growth forecast for this year.See the Story
Oil steadies as IEA hikes 2022 demand growth forecast
53% Right coverage: 15 sources
Oil and Gas SectorGazprom: European gas prices could spike by 60% to more than $4,000 per 1,000 cubic metres this winter. Company's own export and production continues to fall amid Western sanctions. Gas flows from Russia, Europe's top supplier, are running at reduced levels this year.See the Story
European gas prices to rise 60% in winter due to Western sanctions = Gazprom
50% Right coverage: 4 sources
Latest News Stories
Oil and Gas SectorOPEC Secretary-General Haitham Al-Ghais says global oil markets face a high risk of a supply squeeze this year. Fears over slowing consumption in China and the wider world have been exaggerated, he says. The OPEC chief remains confident that world oil demand will increase by almost 3 million barrels a day.See the Story
OPEC Chief sees high risk of oil squeeze amid bullish demand
100% Right coverage: 1 sources
Oil and Gas Sector[Moscow 17th Reuters] - Russia expects the price of gas exports to rise more than twice this year to an average of $730 per 1000 cubic meters due to the decline in pipeline gas exports This was understood by the Ministry of Economy's prediction obtained by Reuters. After that, it is expected to gradually decline until the end of 2025. According to the Russian Ministry of Economy, pipeline gas exports by the Russian state-run Gazprom are expected…See the Story
EXCLUSIVE - Russia's average gas export price will more than double in 2020 = Ministry of Economy forecast
Coverage: 2 sources
Oil and Gas SectorPublisher's Note: View EnerCom Denver -The Energy Investment Conference® replays free for a limited time. Northern Oil and Gas, Inc. (NYSE MKT: NOG) is the leading non-operator franchise in the Bakken and Three Forks plays in the Williston Basin …The post Exclusive: Northern Oil and Gas at EnerCom Denver-The Energy Investment Conference® appeared first on Oil & Gas 360.See the Story
Exclusive: Northern Oil and Gas at EnerCom Denver-The Energy Investment Conference®
Oil and Gas SectorU.S. oil and gas producers recovered and reset in 2021, posting increased profits of $73.7 billion and $211.9 billion in revenues. Significant deal activity drove $144.1 billion in capital expenditures (capex) EY study documents how the industry's 50 largest publicly traded exploration and production companies responded to higher commodity prices.See the Story
U.S. oil and gas independents returned $18.1 billion to shareholders in 2021
Oil and Gas SectorDoug Lawler joined Continental in February as Chief Operating Officer and Executive Vice President following three decades in the oil and gas industry. In 2022, the Company will celebrate 55 years of operations. Continental is among the top independent oil and natural gas companies in the nation, with premier assets in four world class basins.See the Story
Doug Lawler promoted to President & COO at Continental Resources
Oil and Gas SectorA deal would mark the first major move by Mark Lashier, who took over as the chief executive officer of Phillips 66 last month. Enbridge, which owned 50% of DCP's general partner, said it would reduce its stake in the company to 13.2% from 28.3%.See the Story
Phillips 66 offers to buy pipeline operator DCP Midstream
Oil and Gas SectorDenbury shares surged over 12.8% on the back of the news, hitting a high of over $89 per share. Denbury escaped bankruptcy in September 2020, with the agreement eliminating $2.1 billion in bond debt and handing control to creditors. With oil prices surging following Russia's invasion of Ukraine, it has kicked off dealmaking among independent U.S. producers.See the Story
Denbury explores options including possible sale
Oil and Gas SectorNatural Gas Inventories as of August 12, 2022The EIA has released its natural gas inventory report, showing a net increase of 18 Bcf as of August 12, 2022.Working gas in storage was 2,519 Bcf as of Friday, August …The post Weekly Gas Storage: Inventories increase by 18 Bcf appeared first on Oil & Gas 360.See the Story
