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Published on Apr 9, 2021

As India's Oil Demand Grows, It's Now Looking Beyond OPEC+ For Reliable Supply

In February, I highlighted the role that India will play in global oil demand in the coming years as its economy grows and oil consumption increases. In 2019, India was the third-largest consumer of oil and petroleum products, after the United States and …

Source: Investing.com - Neutral
Published on Apr 9, 2021

India preparing to buy Iranian oil once US sanctions eased

Indian refiners have been buying new grades from areas outside of the Middle East including Guyana and Norway, while also taking more US crude in an effort to reduce reliance on Opec producers. (File photo)NEW DELHI: State-run oil refiners are ready to …

Source: The Times of India - Neutral
Published on Apr 8, 2021

India Prepares to Buy Iran Oil Once Sanctions Eased

(Bloomberg) -- India’s state-run oil refiners are ready to snap up Iranian crude the moment U.S. sanctions are eased, according to a government official. Refiners have started making preparations in advance of the possible removal of penalties so they can …

Source: Rigzone - Neutral
Published on Apr 7, 2021

What Caused The Saudi-India Oil Rift?

A match has been going on in global oil, which has stayed largely out of the spotlight as the world focuses on the pandemic and its effect on demand. The match only recently garnered attention as the players dropped all pretense that they were not playing. …

Source: Investing.com - Neutral
Published on Apr 6, 2021

Indian refiners to buy one-third less oil from Saudi Arabia next month

Indian refiners will buy less oil from Saudi Arabia next month as they snap up supplies outside of the Middle East as part of diversification drive amid weakening domestic fuel demand on the resurgence of COVID-19. State-owned Indian Oil Corporation (IOC) …

Source: Business Standard - Neutral
Published on Apr 6, 2021

India to buy one-third less oil from Saudi Arabia

Indian refiners will buy less oil from Saudi Arabia next month as they snap up supplies outside of the Middle East as part of diversification drive amid weakening domestic fuel demand on the resurgence of COVID-19. State-owned Indian Oil Corporation () and …

Source: Economic Times - Uncategorized
Published on Apr 6, 2021

India to buy 36% less oil from Saudi Arabia in May

Public Sector refiners will buy 36% less oil from Saudi Arabia in May than normal, three sources said, in a sign of escalating tensions with Riyadh even after the Kingdom supported the idea of boosting output from OPEC and allied producers last week. …

Source: The Hindu Business Line - Neutral
Published on Apr 6, 2021

Indian refiners deepen cuts to Saudi oil purchases, to buy 36% less in May

By Nidhi Verma NEW DELHI (Reuters) -Indian state refiners will buy 36% less oil from Saudi Arabia in May than normal, three sources said, in a sign of escalating tensions with Riyadh even after the Kingdom supported the idea of boosting output from OPEC …

Source: Business Standard - Neutral
Published on Apr 6, 2021

Indian Oil Corp buys its first Johan Sverdrup crude cargoes: Report

SINGAPORE/NEW DELHI: State-run refiner Indian Oil Corporation (IOC) has bought 4 million barrels of Norway's Johan Sverdrup crude for the first time via a tender as it speeds up diversification of crude imports, two trade sources told Reuters on …

Source: Mint - Neutral
Published on Mar 10, 2021

Oil & Gas Stock Roundup: Chevron & TC Energy's Buyouts, Exxon's 5

It was a week when oil prices reached their highest settlement since April 2019 but natural gas finished lower. On the news front, Chevron (CVX Quick QuoteCVX - Free Report) and TC Energy (TRP Quick QuoteTRP - Free Report) announced deals to fully own …

Source: Zacks.com - Neutral
Published on Mar 24, 2021

10 Best Oil and Energy Stocks To Buy Now

In this article we will take a look at the 10 best oil and energy stocks to buy now. You can skip our detailed analysis of the oil and energy industry’s outlook for 2021 and some of the major growth catalysts for these stocks and go directly to 5 Best Oil …

Source: Insider Monkey - Neutral
Published on Mar 24, 2021

Exclusive: 'Busy on other fronts' - White House without Trump stays quiet on OPEC

By Alex Lawler and Timothy Gardner LONDON/WASHINGTON (Reuters) - When oil prices surged during Donald Trump's term in the White House, OPEC and its allies had to brace for a Twitter storm demanding action to bring prices down. That has all changed …

Source: Investing.com - Neutral
Published on Mar 19, 2021

Why Goldman Sachs sees a ‘buying opportunity’ in oil’s recent selloff

Oil futures posted a loss of more than 6% this week, the largest since October, but analysts at Goldman Sachs suggested that prices are merely taking a break from a big rally in crude that’s set to continue. The recent oil-price pullback is only a “ …

Source: MarketWatch - Neutral
Published on Mar 19, 2021

Oil Selloff: The Volatility Is Probably Just Beginning

Oil bears think a barrel of US crude will hit the low $50 levels next, and UK Brent under $60, to extend this week’s selloff. I think instead that oil’s one-way trade over the past four-and-a-half months is possibly over; that crude prices will no longer …

Source: Investing.com - Neutral
Published on Mar 17, 2021

Oil Down, Investors Digest Surprise U.S. Crude Oil Supply Draw

By Gina Lee Investing.com – Oil was down Wednesday morning in Asia but steadied after the U.S. reported a surprise draw in crude oil supplies. Brent oil futures edged down 0.20% to $68.25 by 10:37 PM ET (2:37 AM GMT) and WTI futures inched down 0.09% to $ …

Source: Investing.com - Neutral
Published on Mar 17, 2021

Oil Ends Down 3rd Day in Row as Iran Undermines OPEC+ Cuts

By Barani Krishnan Investing.com - Oil prices dipped for a third straight day on Tuesday as players mused over talk of Iran negating OPEC+ production cuts. The stuttering pace of Covid-19 immunizations in Europe after controversy over AstraZeneca’s vaccine …

Source: Investing.com - Neutral
Published on Mar 12, 2021

Opec expects most of 2021 oil demand recovery to come in second half of year

LONDON: Opec said on Thursday a recovery in oil demand will be focused on the second half of the year as the impact of the pandemic lingers as a headwind for the group and its allies in supporting the market. In a monthly report, the Organization of the …

Source: The Sun Daily - Neutral
Published on Mar 11, 2021

ICE Brent Nears $70 as OPEC Lifts 2021 Oil Demand Forecast

Aside from the United States, however, OPEC sees plenty of economic uncertainty in the European Union and Latin America, where lackluster vaccine rollout campaigns and new virus variants are seen undermining an already flagging recovery. In particular, the …

Source: Progressive Farmer - Neutral
Published on Mar 9, 2021

Oil flirting with $70 challenges world’s economic recovery

After surging more than 30% this year on coordinated supply constraints by major exporters and demand returning from the depths of Covid-19 crisis, a missile attack Sunday on a key Saudi Arabian export facility sent Brent crude, the international benchmark …

Source: Mint - Neutral

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Published on April 12, 2021 - 06:00 GMT

VAALCO Board Member George Maxwell Named Chief Executive Officer and Company Updates Strategic Focus

HOUSTON, April 12, 2021 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced that its Board of Directors has named George Maxwell as Chief Executive Officer effective April 12, 2021. Mr. Maxwell, who has …

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Published on March 19, 2021 - 09:25 GMT

Petraco Oil Company Exercises Market Caution - OPEC Exercises Restraint and Prices React

Petraco Oil Company is one of the oldest independent trading companies in the World priding itself on great expertise and strong connection with its customers. LUGANO, TESSIN, SWITZERLAND, March 19, 2021 /⁨EINPresswire.com⁩/ -- OPEC surprised …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...

Published on March 18, 2021 - 18:13 GMT

OPEC congratulates Mozambique President Filipe Nyusi for his African Energy Person of the Year 2020 award

Organization of the Petroleum Exporting Countries (OPEC) Secretary General Mohammed Sanusi Barkindo on behalf of his organisation and its members, addressed a congratulatory message to the President of the Republic of Mozambique, His Excellency Filipe …

Distribution channels: Business & Economy, Culture, Society & Lifestyle ...
Published on March 15, 2021 - 14:13 GMT

OPEC exercises restraint and prices react – Petraco Group exercises market caution

Petraco is one of the oldest independent trading companies in the World, priding itself on great expertise and strong connection with its customers. LUGANO, TESSIN, SWITZERLAND, March 15, 2021 /⁨EINPresswire.com⁩/ -- OPEC surprised several players …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...

Published on March 4, 2021 - 13:23 GMT

Energy Industry Congratulates President Nyusi of Mozambique, Backs Africa Oil & Power Capacity Building Initiatives

The African Energy Chamber (www.EnergyChamber.org) commends H.E. President Nyusi on receiving the Africa Oil & Power ‘Person of the Year’ award for 2020, to be presented on March 8; President Nyusi has demonstrated admirable long-term thinking, …

Distribution channels: Business & Economy, Energy Industry ...
Published on January 14, 2021 - 16:54 GMT

OUT NOW! 2nd Edition of “Billions At Play” charts recovery path for African Oil & Gas Sector

Talking about oil & gas isn’t easy, especially at a time of widespread anxiety about the link between fossil fuels and climate change. But NJ Ayuk, the experienced oil and gas dealmaker who heads the Pan-African legal conglomerate Centurion Law Group ( …

Distribution channels: Book Publishing Industry, Energy Industry ...
Published on February 7, 2021 - 16:47 GMT

Petraco Oil is on the Frontlines of a Greener Future - The Position of Big Oil in this Earnings Season

Petraco is one of the oldest independent trading companies in the World, priding itself on great expertise and strong connection with its customers. LUGANO, TESSIN, SWITZERLAND, February 7, 2021 /⁨EINPresswire.com⁩/ -- Petraco Oil is committed to …

Distribution channels: Business & Economy, Companies ...
Published on February 5, 2021 - 12:56 GMT

The Position of Big Oil this Earnings Season – A Makeover is Necessary-Petraco is on the Frontlines of a Greener Future

Petraco is one of the oldest independent trading companies in Europe, priding itself on great expertise and strong connection with its customers. LUGANO, TESSIN, SWITZERLAND, February 5, 2021 /⁨EINPresswire.com⁩/ -- The rebounding of share prices …

Distribution channels: Business & Economy, Companies ...

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Published on April 14, 2021 - 06:30 GMT

Covid-Security Concerns Grow as Brits Get Ready to Return to the Office

However, 65.6% of workers would be happy to have smart sensors in the office to enhance Covid-security LONDON, UNITED KINGDOM, April 14, 2021 /⁨EINPresswire.com⁩/ -- As the UK prepares for the post-lockdown return to the office, IoT company and …

Distribution channels: Banking, Finance & Investment Industry, Culture, Society & Lifestyle ...
Published on April 13, 2021 - 23:29 GMT

RUSSIAN BOARD MEMBER AND RISK EXECUTIVE, MIKHAIL FEDOROV, AWARDED DCRO INSTITUTE CERTIFICATE IN RISK GOVERNANCE

Mikhail Federov is the first Russian to be awarded the prestigious Certificate in Risk Governance, setting an example for others to follow. COLUMBUS, UNITED STATES, April 13, 2021 /⁨EINPresswire.com⁩/ -- The DCRO Institute, a global non-profit …

Distribution channels: Business & Economy, Energy Industry ...
Published on April 13, 2021 - 20:52 GMT

CIMBAR Performance Minerals Adds New Barite Operation in Corpus Christi, Texas

The Plant was formally owned by Baker Hughes and will produce drilling-grade barite. CHATSWORTH, GA, US, April 13, 2021 /⁨EINPresswire.com⁩/ -- CIMBAR Performance Minerals Adds New Barite Operation in Corpus Christi, Texas. CIMBAR Performance …

Distribution channels: Automotive Industry, Chemical Industry ...
Published on April 13, 2021 - 20:37 GMT

Northern California Manufacturer Announces New Underground and Overhead Utility Tools To Improve Worker Safety

New patent pending tools reduce risk of high voltage worker injury VALLEJO, CA, US, April 19, 2021 /⁨EINPresswire.com⁩/ -- In order to reduce the rate of worker electrical injuries in the electric utility industry, Meta Design Manufacturing Inc. …

Distribution channels: Companies, Energy Industry ...
Published on April 14, 2021 - 06:00 GMT

547 Energy Announces Partnership With Andy Kinsella

HOUSTON, April 14, 2021 (GLOBE NEWSWIRE) -- An affiliate of 547 Energy LLC (“547 Energy”), the clean energy investment platform of Quantum Energy Partners (“Quantum”), today announced that it has partnered with European clean energy industry veteran, Andy …

Distribution channels: Companies, Energy Industry ...
Published on April 13, 2021 - 14:43 GMT

ENKS (Enerkon Solar Intl and Holdings) Opened new talks with - State Property Fund of Ukraine regarding Titanium

ENKS (Enerkon Solar Intl and Holdings) Opened new talks with - State Property Fund of Ukraine regarding our investment in their Titanium Industry today Enerkon Solar International Inc. (OTCBB:ENKS) NEW YORK, NEW YORK, USA, April 13, 2021 /⁨ …

Distribution channels: Business & Economy, Energy Industry ...
Published on April 13, 2021 - 14:14 GMT

Expeto Completes $10 Million Financing to Advance its Enterprise First™ Private Mobile NeXtworking™ Platform

Funding round led by Evok Innovations, Mistral Venture Partners, Lavrock Ventures, and BDC Capital VANCOUVER, BRITISH COLUMBIA, CANADA, April 13, 2021 /⁨EINPresswire.com⁩/ -- VANCOUVER BC – Expeto, the world’s leading enterprise Private Mobile …

Distribution channels: Aviation & Aerospace Industry, Business & Economy ...
Published on April 13, 2021 - 13:00 GMT

General Index Oil Price Benchmarks Now Available through ZEMA™, ZE PowerGroup’s Data Management Platform

ZE expands its data ecosystem by adding General Index’s oil price benchmarks. RICHMOND, BRITISH COLUMBIA, CANADA, April 13, 2021 /⁨EINPresswire.com⁩/ -- ZE PowerGroup Inc. (ZE), a global leader in end-to-end data management and analytics …

Distribution channels: Chemical Industry, Energy Industry ...
Published on April 13, 2021 - 13:00 GMT

Userful Appoints Reza Razavi as Chief Technology Officer

Userful Key Solution Architect To Lead The Company’s Technology Strategy CALGARY, ALBERTA, CANADA, April 13, 2021 /⁨EINPresswire.com⁩/ -- Userful Corporation, the provider of the leading software-defined AV-over-IP platform for the enterprise, …

Distribution channels: Companies, Emergency Services ...
Published on April 13, 2021 - 12:34 GMT

CyberHub Joins Hands with Infopercept to Optimize and Integrate Cybersecurity of Saudi Organizations

To provide Security Operations Center (SOC) services that leverage open-source innovation in cybersecurity to combat new-age sophisticated cyberattacks RIYADH, RIYADH, SAUDI ARABIA, April 13, 2021 /⁨EINPresswire.com⁩/ -- Cybershub (Group of ITIS …

Distribution channels: Banking, Finance & Investment Industry, Building & Construction Industry ...
Published on April 13, 2021 - 12:00 GMT

Methanol Institute Releases 2021 Edition of Methanol Milestones

The Methanol Institute (MI) has released the 2021 edition of our yearly publication Methanol Milestones. WASHINGTON, DC, UNITED STATES, April 13, 2021 /⁨EINPresswire.com⁩/ -- The 2021 edition of Milestones details both MI and the industry's …

Distribution channels: Business & Economy, Chemical Industry ...
Published on April 13, 2021 - 12:00 GMT

CDI Energy Products Increases Production Capabilities with 5-Axis CNC Milling Equipment

CDI Singapore's CNC milling delivers metal machining with milling operations, offering customers greater confidence in quality as a single-source supplier. HOUSTON, TEXAS, UNITED STATES, April 13, 2021 /⁨EINPresswire.com⁩/ -- CDI Energy …

Distribution channels: Aviation & Aerospace Industry, Chemical Industry ...
Published on April 13, 2021 - 11:30 GMT

Texas Mesothelioma Victims Center Strongly Recommends Attorney Erik Karst of the Law Firm of Karst von Oiste to The ...

HOUSTON , TEXAS, USA, April 13, 2021 /⁨EINPresswire.com⁩/ -- The Texas Mesothelioma Victims Center strongly recommends Texas based attorney Erik Karst of the law firm of Karst von Oiste for a navy veteran or person with recently diagnosed …

Distribution channels: Automotive Industry, Building & Construction Industry ...
Published on April 13, 2021 - 23:14 GMT

Parkland Corporation Announces Completion of Conrad & Bischoff Inc. Acquisition and April 2021 Dividend

CALGARY, Alberta, April 13, 2021 (GLOBE NEWSWIRE) -- Parkland Corporation (“Parkland”) (TSX:PKI) announces that through its wholly owned U.S. subsidiaries (collectively, "Parkland USA"), it has completed the previously announced acquisition of …

Distribution channels: Banking, Finance & Investment Industry, Companies ...
Published on April 13, 2021 - 11:00 GMT

Alabama US Navy Veterans Lung Cancer Advocate Recommends Attorney Erik Karst of Karst von Oiste for a Navy Veteran in ...

MONTGOMERY, ALABAMA, USA, April 13, 2021 /⁨EINPresswire.com⁩/ -- The Alabama US Navy Veterans Lung Cancer Advocate says, "If you are a Navy Veteran or person with recently diagnosed lung cancer in Alabama and you had significant exposure to …

Distribution channels: Automotive Industry, Building & Construction Industry ...
Published on April 13, 2021 - 11:00 GMT

The Maxeff Motor by Adventech Receives The Solar Impulse Foundations Top 1000 Efficiency Solution Label

The Solar Impulse Foundation founded by explorer Bertrand Piccard selects 1000 solutions that protects the environment. FLORENCE, ALABAMA, UNITED STATES, April 13, 2021 /⁨EINPresswire.com⁩/ -- ADVENTECH, LLC AWARDED SOLAR IMPULSE EFFICIENT …

Distribution channels: Chemical Industry, Energy Industry ...
Published on April 13, 2021 - 10:15 GMT

Minnesota US Navy Veterans Mesothelioma Advocate Appeals to the Family of a Navy Veteran with Mesothelioma in Minnesota ...

MINNEAPOLIS , MINNESOTA , USA, April 13, 2021 /⁨EINPresswire.com⁩/ -- The Minnesota US Navy Veterans Mesothelioma Advocate is appealing to the wife or immediate family of a Navy Veteran who has just been diagnosed with mesothelioma anywhere in …

Distribution channels: Automotive Industry, Building & Construction Industry ...
Published on April 13, 2021 - 21:22 GMT

Parkland Announces Closing of Senior Unsecured Notes Offering

CALGARY, Alberta, April 13, 2021 (GLOBE NEWSWIRE) -- Parkland Corporation (“Parkland”) (TSX:PKI) announced today the closing of its previously announced private offering (the “offering”) of US$800 million aggregate principal amount of 4.500% senior …

Distribution channels: Banking, Finance & Investment Industry, Energy Industry ...
Published on April 13, 2021 - 09:21 GMT

Sahara Tanzania expands petroleum product storage capacity to 72m litres

Sahara Tanzania Limited, a Sahara Group company expands storage capacity for petroleum products to 72 million litres to promote availability DAR ES SALAAM, TANZANIA, April 13, 2021 /⁨EINPresswire.com⁩/ -- Sahara Tanzania Limited, a Sahara Group …

Distribution channels: Automotive Industry, Aviation & Aerospace Industry ...
Published on April 13, 2021 - 09:18 GMT

GRI, SDGs courses now available on Earth Academy

GRI, SDGs, AccountAbility and other sustainability reporting self-paced courses are now available on Earth Academy AMSTELVEEN, NOORD-HOLLAND, NETHERLANDS, April 13, 2021 /⁨EINPresswire.com⁩/ -- Amsterdam-based sustainability Education platform, …

Distribution channels: Banking, Finance & Investment Industry, Energy Industry ...