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Iraq, Total agree to work jointly on associated gas, solar power projects
Iraq and French oil major Total agreed to jointly work on developing four associated gas and solar power projects, the country's oil ministry said March 29, as OPEC's second largest producer seeks to reduce dependence on Iranian energy imports needed for power generation.
read more... 30/03/2021
Iraq, Total mull joint work on associated gas, solar power projects
Iraq and French oil major Total are in talks to jointly work on developing associated gas and solar power projects, the country's oil minister said March 17, as OPEC's second largest producer seeks to reduce dependence on Iranian energy imports needed for power generation.
read more... 18/03/2021
Daily (16.03.2021): Oil prices softened on Monday data amid fears of slow recovery in demand
Oil prices pulled back from gains notched on strong Chinese data and ongoing supply restraint from OPEC+ group as the likelihood of a new round of lockdowns in Europe due to increasing coronavirus cases raised concerns over a possible setback in energy demand. Hence, Brent crude lost 0.5% to settle at $68.88 a barrel. Meanwhile, U.S. WTI crude ended at $65.39 a barrel, declining by 0.5% day-on-day.
read more... 16/03/2021
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OPEC Sees Strong Oil Demand In The Second Half Of 2021
Global oil demand is set to benefit from stronger economic recovery and vaccinations in the second half of this year, OPEC said on Thursday, adjusting higher its outlook for the second half of 2021 and raising slightly its full-year oil demand forecast.
read more... 12/03/2021
Daily (08.03.2021): Oil prices closed at their highest levels in two years on Friday after OPEC+ decision to keep output steady in April
Crude oil futures rallied to their highest levels in nearly two years on Friday following a stronger-than-expected U.S. jobs report and a surprise decision by OPEC and its allies not to increase supply in April. Hence, Brent crude surged by $2.62, or 3.9%, to settle at $69.36 a barrel. At the same time, U.S. WTI crude soared by $2.26, or 3.5%, to end at $66.09 a barrel. For the week, Brent gained 4.9%, while WTI jumped by 7.5%.
read more... 08/03/2021