Global oil demand unlikely to get vaccine boost until later in 2021, says IEA

LONDON (Reuters) - Global oil demand is unlikely to get a significant boost from the roll-out of vaccines against COVID-19 until well into 2021, the International Energy Agency (IEA) said on Thursday, a view that curbed oil price gains since vaccine progress was announced earlier this week.

Continue ReadingGlobal oil demand unlikely to get vaccine boost until later in 2021, says IEA

Coronavirus creates repair headache for oil and gas industry

BACK Coronavirus creates repair headache for oil and gas industry 19 May, Tuesday MOSCOW/LAGOS/LONDON (Reuters) - The coronavirus pandemic has disrupted maintenance at oil and gas projects and refineries from Russia’s Far East to the coast of Canada, storing up problems for an industry already reeling from slumping prices, analysts say.

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Kazmortransflot reports 17.4% decrease in oil transportation in Q1 – Interfax

NUR-SULTAN. April 22 (Interfax-Kazakhstan) - In January - March 2020 National Marine Shipping Company Kazmortransflot (KMTF) transported 2.359 million tonnes, or a dicrease of 17.4% year-on-year (497,000 tonnes), the company told Interfax-Kazakhstan in a statement.

Continue ReadingKazmortransflot reports 17.4% decrease in oil transportation in Q1 – Interfax

Preliminary production figures for May 2016 show an average daily production of about 1 944 000 barrels of oil

BACK Preliminary production figures for May 2016 show an average daily production of about 1 944 000 barrels of oil 28 December, Tuesday The average daily liquid production in May was: 1 549 000 barrels of oil, 360 000 barrels of NGL and 35 000 barrels of condensate. The oil production is about 2 percent above the oil production in May last year. The oil production is about 1.5 percent above the NPD’s prognosis for the month.

Continue ReadingPreliminary production figures for May 2016 show an average daily production of about 1 944 000 barrels of oil