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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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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
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. 
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.
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.
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.
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.
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.
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
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.
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.
12 November 10:54 AM Oil advances amid anticipation for Trump’s speech
Mubasher: Oil rose as markets hoped US President Donald Trump may point to progress on the trade negotiations with Beijing.
11 November 04:05 PM OPEC+ allies could extend oil supply cuts–Oman’s oil minister
Mubasher: The Organization of the Petroleum Exporting Countries and other producers could probably roll over its production cuts.
11 November 09:53 AM Oil falls on jitters over US-Sino trade talks, supply glut
Mubasher: Oil prices dropped on Monday, amid fears regarding the possibility of a trade pact between the US and China and the US.