Oil Market News, OPEC+, sanctions and price shocks

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Wood Mackenzie Mid-Year Outlook: oil and gas industry cash-rich but capital-cautious as nearly half a trillion-dollar windfall fails to trigger a spending surge

The global leader in commercial intelligence for the energy, metals and mining industries, providing objective analysis and advice on assets, companies and markets.

www.woodmac.com

 

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Qatar Sends First LNG Shipment Through Hormuz in Three Weeks

Qatar has sent its first shipment of liquefied natural gas through the Strait of Hormuz since one of its tankers was attacked in the waterway more than three weeks ago.

gcaptain.com

 

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Italy Becomes EU’s Top LNG Importer as Purchases Elsewhere Lag

Italy became Europe’s top importer of liquefied natural gas in July as traders made use of government incentives to keep buying cargoes despite soaring prices, while neighboring countries held back on costly purchases and allowed storage levels to lag.

gcaptain.com

 

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New LNG terminal and reservoir park under construction in Kola Bay

The industrial facilities under construction across the bay from the Northern Fleet headquarters in Severomorsk are part of a new major project—the Murmansk LNG—according to natural gas company Novatek.

www.thebarentsobserver.com

 

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ADNOC Makes One of the Biggest Changes to Middle East Crude Pricing in Years | OilPrice.com

ADNOC will shift all Abu Dhabi crude grades to prompt-month Platts Dubai pricing from November, improving price discovery and aligning crude pricing with refinery hedging

oilprice.com

 

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