Industry

Where are global energy markets heading?

nakhleToday’s oil price crisis is not an oil market story but a global economy story, delegates at a Gastech webinar heard

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Global energy demand to plunge this year: IEA

zachary theodore guADzpF9pDI unsplashThe COVID-19 pandemic represents the biggest shock to the global energy system in more than seven decades, with the drop in demand this year set to dwarf the impact of the 2008 financial crisis and result in a record annual decline in carbon emissions of almost eight per cent

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APICORP announces COVID-19 support package

apicorp support package trmeThe Arab Petroleum Investments Corporation (APICORP) has launched a US$500mn countercyclical support package aimed at supporting its clients in the energy sector to mitigate the COVID-19 impact

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Saudi tanker Armada set to join US congestion and strain oil storage

tankerA Rystad Energy analysis has revealed that 28 tankers with Saudi oil, including 14 VLCCs and carrying a total of 43 mmbbl, will arrive on the US Gulf and West coasts between 24 April and 24 May

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Abu Dhabi’s ADQ acquires ownership of NPCC

npccADQ has assumed full ownership of National Petroleum Construction Company (NPCC) after acquiring the 30 per cent shares previously held by Consolidated Contractors International Company (ICC)

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