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OPEC+ solves the riddle of the oil market
After the OPEC+ 4 June announcement, Brent prices initially rose that evening. However, the increase was short lived due to persistent market conce...
OPEC's Nov 30 meeting: Letting go of market share strategy
The year long effort from OPEC to agree on production restraint has culminated in an agreement to cut its output by 1.2 million b/d effective 1 Jan...
PetroChina’s gas business profits from pipeline assets sale, but challenges remain
On 25 March, PetroChina released its full-year financial results for 2020. Its natural gas and pipeline business segment generated RMB72.4 billion ...
Piecing together the puzzle of global crude oil storage
Global crude storage influences crude market dynamics in different circumstances. As an example, during the Covid pandemic, crude stock levels were...
Producer-certified gas service: the dawn of a new era for the gas market?
On 15 December, Tennessee Gas Pipeline Company (TGP) filed a proposal to amend its FERC gas tariff to implement a producer-certified gas (PCG) pool...
Ramping up pressure on Russia's tankers in the Black Sea
A Russian oil product tanker and naval vessel were targeted by Ukrainian drones in early August. CPC pipeline is a key export route for liquids and...
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