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Guaido calls for groundswell inspired by Evo exile

15 November 2019 - 19:57
Venezuela's president Nicolas Maduro ordered the grounding of all commercial and private aviation in anticipation of tomorrow's nationwide protests summoned by the US-backed opposition.​

Vallourec expects higher tubular demand in Brazil in 4Q

15 November 2019 - 19:55
French tubular steelmaker Vallourec expects Brazilian demand to pick up in the fourth quarter, while oil and gas demand in the US is expected to decline.

Narrowing for Houston, Panama 0.5pc resid-0.1pc MGO

15 November 2019 - 19:40
A narrowing discount between 0.5pc sulphur residual fuel oil and 0.1pc sulphur marine gasoil (MGO) in both Houston and Panama may be due to fewer 0.5pc resid availabilities as demand for it rises.

Spotlight: Saudi Aramco IPO prospectus includes forecast of peak oil demand similar to Platts Analytics’ long-standing view

15 November 2019 - 19:14
Saudi Aramco included outlooks regarding long-term oil demand in its initial public offering prospectus released on November 9. According to the document, the company believes that "demand growth for crude oil, condensate and NGLs is expected to continue, with a levelling off around the year 2035."

OPEC+ Will Face ‘Major Challenge in 2020

15 November 2019 - 19:09
The Organization of Petroleum Exporting Countries and its allies face stiffening competition in 2020, the International Energy Agency said Friday, adding urgency to the oil producer group’s policy meeting next month.

Oil Rises Amid Optimism Over Oil Supply Cuts

15 November 2019 - 19:06
Oil prices gained on Friday after OPEC’s forecast for oil demand next year fueled hopes that the producer group and allies will maintain supply cuts when they meet to discuss policy on output next month.

Opec MOMR sticks to non-Opec supply growth

14 November 2019 - 19:15
Opec has kept its non-Opec supply projections little-changed for this year and next, just a day after the group's secretary-general Mohammed Barkindo spoke about the likelihood of "sharp revisions of non-Opec supply going into 2020".

Los Angeles 0.5pc sulphur at discount to Panama

14 November 2019 - 19:02
Los Angeles 0.5pc sulphur marine fuel prices have been mostly cheaper compared with Balboa, Panama, bunker fuel prices since mid-August, Argus assessments showed.

6 Million Barrels of Oil, Condensates Ready for Trade at Iran’s IRENEX

14 November 2019 - 18:37
The National Iranian Oil Company (NIOC) is preparing for three big trades involving six million barrels of oil and condensates in a local bourse next week.

NIOC to Sell 6mln Barrels of Crude Oil, Condensates at Energy Exchange on Monday

14 November 2019 - 18:27
The National Iranian Oil Company (NIOC) plans to offer 6 million barrels of crude oil and condensates on the Iran Energy Exchange (IRENEX) on November 18.
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