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Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

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.
Oil Price
02-09-2019

Russian Economy will not be Under Serious Pressure Even if Oil Prices Drop to $40
The Russian economy will not be under serious pressure even if oil prices drop to $40 per barrel, Russian Economic Development Minister Maksim Oreshkin said.
Oil Price
02-09-2019

Oil prices Fell on Monday after New Tariffs Imposed By Trade War
Oil prices fell on Monday after new tariffs imposed by the United States and China came into force, raising concerns about a further hit to global growth and demand for crude.
Oil & Gas Trade
31-08-2019

U.S. Imposes Sanctions on Wandering Iranian Oil Tanker
The Treasury Department on Friday imposed sanctions on an Iranian oil tanker at the center of a power struggle between the United States and Iran, a move that threatened to further escalate tensions between the two countries.
Oil & Gas Trade
30-08-2019

Gazprom Conceded for Decline in European Gas Exports, Prices
Kremlin-controlled energy giant Gazprom on Thursday conceded for the first time that its gas exports to Europe, as well as its prices, will decline in 2019 following record-high volumes last year.
Crude
28-08-2019

Kenya Exports Its First-Ever Barrel of Oil to China
Kenya exported its first-ever batch of crude oil Monday, with President Uhuru Kenyatta declaring the shipment of 200,000 barrels a "special moment" in the country's history.
Oil & Gas Trade
28-08-2019

BP to Exit Alaska in $5.6 Billion Deal with Hilcorp
British oil major BP Plc (BP.L) on Tuesday agreed to sell all its Alaskan properties for $5.6 billion to privately held Hilcorp Energy Co, exiting a region where it operated for 60 years.The BP Exploration (Alaska) Inc. headquarters is pictured in Anchora
Oil & Gas Trade
27-08-2019

Oil Pipeline Vandalism In Nigeria Soars 77%
The Nigerian National Petroleum Corporation (NNPC) said on Sunday that it had seen a 77-percent jump in the number of cases of oil and fuel pipeline vandalism on its pipeline infrastructure in June.
Oil & Gas Trade
26-08-2019

Iranian Spokesman Says Oil Aboard Tanker has been Sold
An Iranian government spokesman says the oil aboard an Iranian tanker pursued by the US has been sold to an unnamed buyer. The Adrian Darya, previously known as the Grace 1, carries 2.1 million barrels of crude, worth some $130 million.
Oil & Gas Trade
26-08-2019

Iran's Foreign Minister Arrived at the G7 Summit for Surprise Side Talks
Iran's foreign minister flew in for side talks at the G7 summit on Sunday as host France ramped up efforts to ease tensions between Tehran and Washington, a dramatic diplomatic move that the White House said had surprised U.S. President Donald Trump.
Oil & Gas Trade
26-08-2019

Crude Oil Futures were Lower, Cause Escalating Trade Tensions Between the US and China
Crude oil futures were lower during mid-morning trade at the start of a brand new trading week in Asia Monday amid escalating trade tensions between the US and China, which have renewed market concerns on global demand and growth.
Oil & Gas Trade
25-08-2019

Is China Blocking Vietnam’s Access To $2.5 Trillion In Oil & Gas?
The United States has China of interfering with oil and gas drilling operations off the coast of Vietnam in the disputed waters of the South China Sea. This is the latest indication that bilateral relations have a long way to go before they are mended.
Oil&Gas Drilling
24-08-2019

U.S. Crude Oil Rig Count Plunges To Near 2-Year Low
The US oil and gas rig count fell sharply on Friday, decreasing by 19 for the week, according to Baker Hughes. The total oil and gas rig count now stands at 916, or 128 down from this time last year.
Oil and Gas Technology
23-08-2019

The Iraq-Turkey Oil Pipeline Dispute: Opportunity in an Arbitration
Fatigue and frustration aside, U.S. focus and engagement in Iraq remains critical to the national- and energy-security interests of the United States and its allies. Iraq has increased its oil production by more than half since 2012.
Oil&Gas Drilling
23-08-2019

U.S. Sanctions Deadline is Threatening to Clobber Venezuela's Dwindling Oil-Rig Fleet
A looming U.S. sanctions deadline is threatening to clobber Venezuela’s dwindling oil-rig fleet and hamper energy production in the nation with the world’s largest crude reserves.
LNG
22-08-2019

The African LNG Market Holds 7.1% of Proven Global Gas Reserves
Africa is an exciting frontier in the global natural gas sector. On the demand side, Africa’s large, urbanised and industrialised societies of the future will require reliable and sustainable power generation.
Oil & Gas Trade
22-08-2019

World's Biggest Oil Hedge May Not Happen After All
Despite its track record for turning a sizable profit from its super-secret oil hedge, Mexico may not go through with its massive hedge this year, according to Mexico’s Deputy Finance Minister Gabriel Yorio.
Oil Price
22-08-2019

US Refined Product Stocks Build Higher than Expected
Oil prices slipped on Thursday, paring earlier gains, weighed down by lingering worries about the global economy and bigger-than-expected builds in oil product inventories in the United States, the world's biggest oil consumer.
Crude
22-08-2019

Oil Prices held Steady After the Energy Information Administration
Oil prices held steady on Wednesday morning after the Energy Information Administration today reported a draw of 2.7 million barrels in crude oil inventories.

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Oil Prices Post 3% Annual Decline