Hedge funds and other portfolio managers have been slashing their bearish bets on the European ICE gasoil futures amid falling temperatures and rising natural gas prices in Europe. In the week to November 26, money managers reduced – once again – their short positions on the gasoil futures traded on the ICE, according to data...Continue Reading

African Export-Import Bank has signed an agreement for a US$ 100-million Revolving Trade Finance Facility in favor of oil trader JE Energy Limited to support its contract implementation in the Republic of Guyana. SourceContinue Reading

Gazprom Hits Maximum Capacity of Pipeline Gas Flows to China | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Dec 02, 2024, 9:30 AM CST Gazprom’s natural gas flows via the Power of Siberia pipeline to China have reached full capacity of 38 billion cubic meters...Continue Reading

Fulkrum has announced the launch of its new entity in Iraq. This significant milestone comes as Fulkrum secures a multi-million USD contract to provide surveillance services for a major gas hub development project in the region. SourceContinue Reading

Energy and marine consultancy ABL has completed its scope of work as marine warranty surveyor (MWS) to support the successful transport and re-installation of the floating storage and regasification unit (FSRU) Toscana, off the coast of Livorno, Italy. SourceContinue Reading

Offshore Energies UK (OEUK) says Scotland’s new hydrogen export strategy can build on the nation’s industrial strengths and unlock a £93 billion export opportunity if firms are now backed with a clear action plan to attract investment and talent. SourceContinue Reading

Europe’s Gas Storage Plummets at Fastest Pace in 8 Years | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Dec 02, 2024, 9:00 AM CST Europe’s gas storage levels have decreased at the fastest rate in eight years due to a combination of...Continue Reading

Oil Producers Block Binding UN Treaty to Curb Plastics | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Dec 02, 2024, 8:30 AM CST A small group of major oil-producing countries,...Continue Reading

Galp Confirms Quality Light Oil Discovery Offshore Namibia | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Dec 02, 2024, 7:40 AM CST Namibia’s offshore has yielded quality discovery as the...Continue Reading

CNOOC Limited and 80883 announced that Huizhou 26-6 Oilfield Development Project has commenced production. A total of 19 development wells are planned to be commissioned, including 2 oil production wells and 17 gas production wells. SourceContinue Reading