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Oil & Gas Trade
Qatar Plans to Increase Its Stake in Iberdrola
Crude
27-09-2019
More Than 100 Oil Spills Detected off Brazilian Coast This Month
Brazil's main environmental agency said it has detected 105 crude oil spills from an undetermined source polluting the waters of the country’s north east coast this month.
Oil&Gas Drilling
27-09-2019
Irish Government to End Offshore Oil Drilling,And Gas Is To Follow
Ireland's Taoiseach Leo Varadkar announced at a UN assembly earlier this week that the Irish Government is ending offshore oil drilling, and gas is to follow.
Crude
27-09-2019
Brazil says Oil in Spill Along Northeast Beaches Not Brazilian
Brazil’s environmental agency Ibama said on Thursday that an analysis of a vast oil spill along the country’s northeastern beaches showed the spilled crude did not originate in the country.
Oil & Gas Trade
27-09-2019
Turkey will Continue Oil, Natural Gas Trade with Iran
Turkish President Tayyip Erdogan said on Friday it was impossible for Turkey to stop buying oil and natural gas from Iran, despite the threat of U.S. sanctions, and added that trade between the two countries would continue, according to broadcaster NTV.
Oil & Gas Trade
26-09-2019
Curbs on Iran and Inflating US Oil Exports
The most hawkish of Trump’s aide and staunch advocate of pre-emptive strikes on Iran, former national security adviser John Bolton, was ousted from the White House but the Trump administration is not short of sabre-rattlers yet.
Oil & Gas Trade
26-09-2019
Sinopec to Start Producing Low-Sulphur Bunker Fuel at Qilu by End-Oct
Sinopec Corp expects to start operations at the marine fuel oil blending facilities at its Qilu refinery in eastern China’s Shandong province by the end of October, the company said on Thursday.
Oil Price
25-09-2019
Oil at $100 per barrel?
The drone strike on key Saudi oil facilities could stoke already-flaring tensions in the Middle East, driving crude prices higher amid growing fears of supply shortages, market and industry experts believe.
Oil Price
25-09-2019
Is Saudi Aramco Lying about its Damaged Oil Infrastructure?
Repairs at the Khurais field and the Abqaiq processing facility may take several months rather than the ten weeks tops that Aramco had initially estimated.
Oil and Gas Equipment
24-09-2019
Repairs to the Saudi Oil Facilities After Devastating Attacks could Take Months
Saudi Aramco's repairs on its oil facilities that suffered devastating attacks last week are in emergency mode, but could still take several months before they're fully operational again, according to the Wall Street Journal.
Oil & Gas Trade
24-09-2019
Trump’s Disdain for Alliances Backfires
A strange thing happened when the Trump administration tried to recruit an international coalition of naval forces to protect oil tankers in the Persian Gulf this summer: Nobody wanted to sign up.
Oil & Gas Trade
22-09-2019
US Slaps Sanctions On Iranian Central Bank—What’s Next?
The United States on Friday has taken the first step in its response to the attacks on Saudi oil infrastructure by imposing more sanctions on Iran, but the response might not stop there.
Oil & Gas Trade
22-09-2019
Shell, Exxon Close Deal To Build Five LNG Import Terminals
Shell and Exxon are among the companies picked by the Pakistani government to build five LNG import terminals as part of efforts to boost natural gas imports to deal with shortages in supply.
Oil & Gas Trade
22-09-2019
It's Time For Traders To Take Advantage Of High Oil Prices
Citigroup is advising traders to sell their positions on oil and use the proceeds to hedge against a decline in equity markets, Bloomberg reports, citing a note by the bank’s analysts.
Oil & Gas Trade
20-09-2019
China's Quest Is Changing the Global LNG Market on Trade, Investment And Prices
The major transformations that are occurring on the Chinese gas market have profound repercussions on the global gas and LNG markets, especially on trade, investment and prices.
Oil & Gas Trade
16-09-2019
What the Attacks on Saudi Aramco’s Main Oil Plant Mean for Its Massive IPO
Smoke billows from an Aramco oil facility in Abqaiq about 37 miles southwest of Dhahran in Saudi Arabia's eastern province on September 14, 2019, after drone attacks sparked fires at two Saudi Aramco oil facilities.
Oil & Gas Trade
16-09-2019
US Blames Iran For Energy Prices Spike After Saudi Oil Attack
Global energy prices spiked on Monday after a weekend attack on key oil facilities in Saudi Arabia caused the worst disruption to world supplies on record, an assault for which President Donald Trump warned that the U.S. was "locked and loaded" to respond
Oil & Gas Trade
12-09-2019
US Sanctions Bringing China and Iran Together
A report by Reuters last week showed that, while sales of Iranian crude oil have significantly diminished, Tehran’s exports of oil products have hardly been affected by US sanctions.
Oil & Gas Trade
12-09-2019
U.S.to Challenge Saudi Arabia's Position As the World's Leading Oil Exporter
The International Energy Agency (IEA) expects the U.S. to challenge Saudi Arabia’s position as the world's leading oil exporter, after briefly overtaking the OPEC kingpin to claim the number one spot earlier this year.
Oil & Gas Trade
12-09-2019
UAE can Play Major Role in India's Transition to Gas-Based Economy
The United Arab Emirates can play a major role in India’s ambitious transition from hydrocarbon economy to a gas-based economy as the two countries are "enjoying an excellent relationship," according to an Indian minister.
Oil & Gas Trade
12-09-2019
U.S. briefly overtakes Saudi Arabia as top oil exporter: IEA
Global oil demand is weathering economic headwinds, the International Energy Agency (IEA) said on Thursday, buoyed by lower prices brought on by abundant supply as the United States briefly dethroned Saudi Arabia as the world’s top exporter.
LNG
12-09-2019
Nigeria LNG Signs EPC LOI for Train 7 with An International Consortium
Nigeria LNG has signed a Letter of Intent (LOI) for the engineering, procurement, and construction (EPC) of Train 7 with an international consortium.
Oil & Gas Trade
12-09-2019
Iran Says Tanker Oil Sold at Sea, Buyer Sets Destination
Iran’s envoy to London said on Wednesday the oil cargo of tanker Adrian Darya 1 was sold at sea to a private company, denying Tehran had broken assurances it had given over the vessel, but he insisted EU’s Syria sanctions did not apply to Tehran.
Oil & Gas Trade
10-09-2019
Saudi Arabia´s New Energy Minister Reportedly Endorsed Curbing Oil Output
Saudi Arabia´s new energy minister Prince Abdulaziz bin Salman on Monday reportedly endorsed curbing oil output to address an oversupply, as major producing nations prepare to deliberate fresh cuts.
Oil & Gas Trade
06-09-2019
Exxon Mobil Agreed to Sell Its Norwegian Oil and Gas Assets at $4 billion
Exxon Mobil has agreed to sell its Norwegian oil and gas assets for up to $4 billion, ending its production in a country where it started operations more than a century ago, three sources familiar with the matter told Reuters on Thursday.
Oil & Gas Trade
03-09-2019
US Sanctions on Iran's Oil Industry have Slashed the OPEC Member's Crude Exports
While US sanctions on Iran’s oil industry have slashed the OPEC member’s crude exports by more than 80 percent, oil product sales from the Islamic Republic remain strong at nearly $500 million a month, shipping data and Reuters calculations show.
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