WASHINGTON, July 20 (Reuters) – The U.S. oil and gas industry is lobbying against tighter sanctions on Russia that could impact U.S. investments there, congressional sources said on Friday. The U.S. Senate…
Opec+ pushes on with supply boost, yet split on quotas
Bloomberg/Kuwait Opec and its allies are raising output to keep world markets adequately supplied, yet remain divided on how much each country should produce. During a conference call on Wednesday, oil ministers…
The law that broke up the Rockefeller oil empire 100 years ago may soon be used on OPEC
OPEC is consulting with lawyers to prepare a strategy to defend against proposed U.S. legislation that could open the cartel up to antitrust lawsuits, according to people familiar with the matter. The…
UPDATE 1-Saudi oil exports to drop by about 100,000bpd in Aug- OPEC governor
DUBAI, July 19 (Reuters) – Saudi Arabia expects its crude exports to drop by roughly 100,000 barrels per day in August as the world’s top oil exporter works to ensure it does…
[GGP] EUROPEAN COMMISSION TAKES AIM AT QATAR’S LNG CONTRACT
The statements, opinions and data contained in the content published in Global Gas Perspectives are solely those of the individual authors and contributors and not of the publisher and the editor(s) of Natural Gas World. European…
Qatar benefits from Russian experience for 2022 World Cup
QNA/Moscow Major General Ali al-Ali, Assistant Executive Director for Security Affairs at the Supreme Committee for Delivery & Legacy (SC), has confirmed reaching final stages of the security programmes with the Russian…
French banks score capital victory against ECB
Reuters/Frankfurt French banks won a landmark court victory against the European Central Bank yesterday, giving them an exemption from holding capital against customer deposits parked with a state-owned fund. The European Union’s…
Time to untie the ECB’s hands
By Stefan Gerlach/Zurich The European Central Bank’s recent announcement that it will try to end asset purchases by this December means that it has confidence in its ability to achieve price stability….
Russia says may step up oil output to tackle deficit
MOSCOW (Reuters) – Russia and other leading oil producers may boost oil output further if supply shortages hit the global oil market, Russian Energy Minister Alexander Novak said on Friday. The expected…
JP Morgan raises oil price outlook, but trims demand-growth forecast
(Reuters) – Investment bank JP Morgan on Friday raised its outlook for oil prices, but lowered its forecast for global crude demand-growth this year amid increasing uncertainty over international trade. A gauge…