Oil and Energy

5 December 07:53 PM Ten wild predictions that could change global economy in 2020

4 December 02:55 PM OPEC losing grip on global market; Non-members are the culprit

Mubasher: Non-OPEC countries have been increasing their oil output over time, compromising the organisation ability to control the global market.

Oil and Energy

4 December 01:57 PM Increasing awareness about solar power can benefit hotel industry -Swiss-Belhotel

Mubasher: The SVP, Operations and Development of Swiss-Belhotel International, Laurent A. Voivenel, delivered an outstanding presentation at The Big 5 Solar conference.

Oil and Energy

4 December 12:53 PM World’s crude inventories seen swelling, without further OPEC+ cuts–Report

Mubasher: Crude stockpiles worldwide could swell substantially and oil prices could plunge consequentially, if the world's major producers fail to agree on further supply cuts.

Global Markets brief

3 December 05:15 PM Gensource Potash Corp drills new well in Canadian area

Mubasher: Canada’s Gensource Potash Corporation has announced the beginning of its planned fall drilling in the 100% owned Vanguard Area in central Saskatchewan.

Global Indices

3 December 03:22 PM Gazprom leads global new trunk pipeline additions by 2023

Mubasher: Gazprom is expected to lead global companies in terms of transmission pipeline length additions for projects planned and announced between 2019 and 2023.

Oil and Energy

2 December 03:47 PM BP, Chevron top firms using drones in oil industry -GlobalData

Mubasher: GlobalData said that drone makers are cooperating with oil and gas firms to develop custom drones with data collection technology to obtain real-time insights.

Oil and Energy

27 November 10:29 AM Oil dips as US inventories rise; trade hopes cap losses

Mubasher: Oil retreated, after industry figures revealed an unexpected rise in US crude inventories, yet losses were limited on US-China trade optimism.

Global Markets brief

26 November 02:28 PM Leading energy companies rush to adopt predictive maintenance tech–Report

Mubasher: Several energy majors, including Shell, ExxonMobil and BP, have been adopting predictive maintenance technologies for assessing the condition of their operational equipment.

Global Reports

26 November 10:27 AM Oil stabilises amid hopes on US-Sino trade progress

Mubasher: Oil prices stabilised on Tuesday, as remarks from Washington and Beijing kept hopes alive on a soon end to their bitter trade war.

Global Markets brief

25 November 10:32 AM Oil advances on rekindled US-Sino trade hopes

Mubasher: Oil prices edged up on Monday amid positive headlines that revived hopes that the US and China could soon hammer out an initial deal.

Oil and Energy

22 November 11:13 AM Oil retreats from 2M peak on US-China trade doubts

Mubasher: Oil fell on Friday as doubts persisted as to whether the US and China will manage to hammer out an interim trade deal.

Global Reports

20 November 05:00 PM US inks highest long-term LNG export contract volumes in 2019

Mozambique came in the second place with 9.7 mtpa of LNG under export contracts

Global Reports

15 November 10:25 PM Oil futures settle 94 cents higher on Friday

Mubasher: Oil futures grew at Friday’s settlement, adding 0.8% for the week.

Oil and Energy

15 November 12:52 PM OPEC, allies could face tough competition in 2020–IEA

Mubasher: The Organization of the Petroleum Exporting Countries (OPEC) and allied producers would be in the face of fierce competition next year.

Global Reports

15 November 10:49 AM Oil rises amid hopes for OPEC supply restraints, US-China deal

Mubasher: Oil rose as prospects of further supply cuts were raised on the back of the Organization of the Petroleum Exporting Countries' demand outlook.

Global Markets brief

14 November 07:04 PM US oil inventories climb as futures surge

Mubasher: US crude oil stockpiles climbed by 2.2 million barrels to 449 million barrels in the week ended 8 November.

Global Markets brief

14 November 06:32 PM US natural gas storage edges up as futures soar

Mubasher: US natural gas storage edged up by 3 billion cubic feet (Bcf) in the week ended 8 November, to a total of 3,732 Bcf.

Oil and Energy

14 November 06:13 PM OPEC projects smaller oil market surplus in 2020

Mubasher: The Organization of the Petroleum Exporting Countries on Thursday said that oil markets would see a smaller surplus next year.

Global Markets brief

14 November 05:30 PM OPEC ramps up oil production in October

Mubasher: Oil output from member states of the Organization of the Petroleum Exporting Countries (OPEC) climbed last October, led by increases from Saudi Arabia, the

Global Reports

14 November 11:55 AM Oil climbs on surprise US stockpile drawdown

Mubasher: Oil prices advanced on Thursday as industry figures pointed to an unexpected drawdown in the US crude stockpiles.

Global Reports

13 November 10:46 AM Oil falls on dimmer prospects of US-Sino trade deal

Mubasher: Oil prices fell on Wednesday as President Donald Trump's speech offered scant details on the long-awaited trade deal between the US and China.

Global Markets brief