Tag:
energy news
Energy News
OPEC revises oil demand forecast for 2024, cites clean energy shifts
OPEC has revised its forecast for global oil demand, cutting its growth estimate for 2024. In a report released on Tuesday, the Organization of...
Energy News
MET Group signs EUR 1.1 billion borrowing facility led by ING Bank
Swiss-based MET Group, a leading energy company in Europe, has signed a EUR 1.1 billion Borrowing Base Facility (BBF) for its Sales and Trading segment.
The...
Energy News
Aramco awards over $25 bn in contracts for strategic gas expansion
Aramco has announced the awarding of contracts exceeding $25 billion as part of its strategic plan to expand gas production by over 60 percent...
Energy News
EIA Projects 8% Increase in Permian Basin Crude Oil Production for 2024
The U.S. Energy Information Administration (EIA) forecasts a significant boost in crude oil production from the Permian Basin, predicting an average output of about...
Energy News
Capex of energy companies up 10% to $390 bn: EIA
U.S. Energy Information Administration (EIA) has released its Financial Review of the Global Oil and Natural Gas Industry: 2023, indicating capital expenditure increased 10...
Energy News
Energy Trade Value Between U.S. and Canada Drops in 2023 Amid Falling Prices
The value of energy trade between the United States and Canada decreased in 2023, marking a significant drop from the record levels seen in...
Energy News
U.S. oil and gas deals hit $51 bn in first-quarter: Enverus
The size of the U.S. oil and gas deals has hit a record $51 billion during the first quarter of 2024, data provider Enverus...
Energy News
EIA Revises Projections for US Coal Exports Downward
The U.S. Energy Information Administration (EIA) has revised its projections for U.S. coal exports downward, attributing the adjustment to the collapse of the Francis...