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Liza Crude fixed for China delivery in July – S&P Global Platts

OilNOW -
The medium sweet Liza Crude being produced offshore Guyana was fixed for China delivery this month during which more rare grades were expected to arrive, with Chinese independent refiners now open to buying anything economically competitive, S&P Global Platts...
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End game for oil? OPEC prepares for an age of dwindling demand

OilNOW -
(Reuters) - The coronavirus crisis may have triggered the long-anticipated tipping point in oil demand, and it is focusing minds in OPEC. The pandemic drove down daily crude consumption by as much as a third earlier this year, at a...
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Analysis: India bonds with Iraqi crude amid Venezuelan, Saudi supply squeeze

OilNOW -
(S&P Global Platts) Singapore — India is increasingly turning to Iraq to feed its insatiable appetite for heavy sour crude following a squeeze in supplies from Venezuela and Saudi Arabia, helping the second-largest OPEC producer to emerge as the biggest...
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Oil trading profits soar for energy majors who made storage bets

OilNOW -
(Bloomberg) –In March and April, as oil prices plunged to their lowest in a generation, Norwegian energy giant Equinor ASA was busy doing the opposite of what oil companies usually do: pumping as much crude as possible underground into...
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Canje Block partner JHI Associates once again backing Guyana Amazon Warriors

OilNOW -
JHI Associates Inc. announced on Monday that it is entering its second season as an Official Sponsor of the Guyana Amazon Warriors. The Warriors will represent Guyana in the Hero Caribbean Premier League 2020 cricket tournament from August 18...
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Shell’s final lift of Liza crude could push Guyana’s revenue well over US$130 million

OilNOW -
Shell Western Supply and Trading Limited will lift its third and final 1 million barrels of Liza Crude next week under the existing contract it has with the government of Guyana which could see the country’s revenue from oil...
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Oil stable as signs of easing virus offset U.S.-China tensions

OilNOW -
(Bloomberg) Oil was little changed in Asia as signs of an easing in coronavirus cases across the U.S. south were countered by ongoing diplomatic tensions between the Trump administration and China. Futures in New York slipped 0.3%, after rising 0.5%...
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Rystad Energy says 2nd COVID-19 wave expected to be less destructive on oil demand

OilNOW -
As COVID-19 infections continue to increase around the world and the implications of the pandemic’s spread are acknowledged in key markets in the Americas and Asia, Rystad Energy is now changing its base case scenario for oil demand, incorporating...
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China imports more oil from Saudi than any other country in June

OilNOW -
(Reuters) - China’s crude oil imports from Saudi Arabia rose 15% in June from a year ago, as refiners ordered record volumes of the fuel in March and April when oil prices tumbled, cementing the kingdom’s position as the...
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Guyana COVID-19 Situational Report with forecasts

Bobby Gossai, Jr. -
Updated: July 24, 2020 Chart 1: Coronavirus Healthcare Status in Guyana The chart above highlights the trend of the healthcare status of patients who have contracted the coronavirus, from March to July 23, 2020.  The average number of patients at institutional...
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ExplorationShikema Dey -

Suriname puts 60% of offshore basin on offer in new Staatsolie open-door programme

Staatsolie launched its new Open-Door Offering this morning, creating new opportunities for exploration and production companies to enter the...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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