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Brent hits five-month high

OilNOW -
(Reuters) - Oil rose on Monday, with Brent touching the highest in five months, underpinned by a 30% cut in Abu Dhabi crude supplies and encouraging Chinese data even as global demand struggles to return to pre-COVID levels in...
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World oil demand has grown by 13 million bpd over last 4 months – to plateau just below pre-COVID levels

OilNOW -
World oil demand has grown at a record pace—by 13 million barrels per day in the last four months—since the bottom of the COVID-induced collapse in April. But that pace of growth is expected to taper off with global...
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Aramco discovers two new oil and gas fields in northern Saudi Arabia

OilNOW -
(Bloomberg) - Saudi Aramco discovered two oil and gas fields in northern parts of Saudi Arabia, the kingdom’s official news agency reported, citing Energy Minister Prince Abdulaziz bin Salman. Gas has started flowing from Hadabat Al-Hajara field near the Iraqi...
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Caribbean-Dubai Chamber of Commerce under consideration

OilNOW -
First Lady of Guyana, Mrs. Arya Ali on Saturday participated in the first of a series of meetings, which was organized by the Dubai Vigilance Group (DVG) to reflect on the role of women in today’s society and one...
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Guyana COVID-19 Situational Report with forecasts

Bobby Gossai, Jr. -
Updated: August 29, 2020 Figure 1: Monthly COVID-19 Tests to Positive Cases in Guyana The chart above highlights the comparison between the number of monthly tests for coronavirus to the positive cases which have been recorded from March 11 to August...
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St. Kitts & Nevis strips oil tankers of flag-carrying status after breaching U.S. sanctions to secretly ship Iranian oil

OilNOW -
(NBC) Four oil tankers have been stripped of their flags following an NBC News investigation into allegations they secretly transported Iranian oil in defiance of crippling U.S. sanctions imposed by President Donald Trump. The four ships all made covert visits to Iranian...
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Guyana oil revenue climbs to almost US$150 million – 4th lift due November

OilNOW -
Over US$46 million was deposited into Guyana’s Natural Resources Fund account this week representing proceeds from the sale of the country’s 3rd million-barrel oil cargo. This pushes the total revenue Guyana has received so far from oil exports and...
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U.S. checks storm impact at oil reserve, aims to deliver crude over weekend

OilNOW -
(Reuters) - The U.S. Energy Department said on Friday it was reviewing “minor impacts” from Hurricane Laura at a Texas site of the national emergency oil reserve and hopes to begin assessing the status later today of one of...
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ExxonMobil looking forward to positive results from Guyana drill campaigns

OilNOW -
Results from the Redtail-1 prospect located some 103 nautical miles off the coast of Guyana at the Stabroek block are expected soon while a new campaign at the ‘deepest well ever drilled’ in the South American country at Tanager-1,...
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South America’s newest oil and gas hotspot cautious about reopening

OilNOW -
Guyana’s President, Dr. Mohamed Irfaan Ali, has assured that his government will be enforcing strong protocols prior to implementing reopening measures in the newest oil producing South American country, where over 8 billion barrels of recoverable oil equivalent resources have...
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‘We will hunt and kill them’: Hegseth announces strikes that killed 14, eight more than last week’s attack

U.S. War Secretary Pete Hegseth announced today via his X (formerly Twitter) page, that “at the direction of President...

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