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Oil Review Middle East - Untitled Article

Oil Review Middle East

Global gas flaring at upstream oil and gas facilities has risen for a second year in a row, according to the World Bank’s annual Global Gas Flaring Tracker Flaring rose by 2% to 151 billion cubic meters (bcm) in 2024, the highest level in almost two decades. bcm of the additional gas flaring.

BCM
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Valor | Energy Connection – June 16, 2025

Valor

Oil prices fall more than $1 barrel on reports Iran seeks truce with Israel Summary : Oil prices fell 1.3% The attack marks Israel’s first strike on Iran’s energy sector, escalating tensions that pushed oil prices up 9% Friday. The mixed results highlight shifting energy sector priorities amid changing market conditions.

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Norway Gas Output Down for Fourth Consecutive Month

Rigzone

million barrels per day (MMbd), down 6.4 On Wednesday, majority state-owned Equinor ASA said its Norwegian equity gas and liquids production in the second quarter averaged 704,000 barrels of oil equivalent a day (boed) and 655,000 boed respectively. We’d love to hear from you, join the conversation on the Rigzone Energy Network.

Gas
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Russia Targets Major Surge in Natural Gas Exports by 2050

OilPrice

Russia expects its natural gas exports, including via pipeline and LNG, to jump twofold by 2030 and threefold to 2050 under its new long-term energy strategy approved by the government on Monday. million barrels per day (bpd), in 2023 to 540 million tons, or 10.8 million bpd, by 2050.

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EIA Lastest News – Product Prices & Pipeline News

The Energy Law

Crude oil was up over $2 per barrel. One report is that if the 22 LNG terminals that have been approved for construction are built, their combined regasification capacity could reach 349 Bcm/y. (If If US LNG consumption grows 6% annually, consumption will total 46 Bcm/y by 2020.) MMBtu UP $0.17

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Valor | Energy Connection – May 19, 2025

Valor

bcm, crude oil increased 1.5% Gasoline inventories fell by 1 million barrels, 3% below the five-year average, and refinery utilization rose to 90.2%. million cubic metres as Turkey aims to reduce its over 90% energy import reliance and enhance supply security. million tons, and coal climbed 3.8% to 389 million tons.

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Oil spikes as US hikes sanctions on Russia & more

Oilholics Synonymous Report

Oil trading began on a much firmer footing this month, with Brent capping the $80 per barrel mark for the first time in three months on January 10. Basically, the old continent will need to find around 15 bcm of natural gas from elsewhere, which it can but at a considerably higher cost. Happy New Year dear readers.

Oil