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Oil Price
Saudis to Sell Oil at $25 in Market Share Grab from Russia
Saudi Arabia is preparing to flood markets with oil at prices as low as $25 per barrel, specifically targeting big refiners of Russian oil in Europe and Asia, a…
Oil & Gas Trade
Worldwide Oil Price Drop to Curb Turkey's Gas Import Costs by 30%
The drop in oil prices could lead to a 30% decrease in Turkey's long-term natural gas contracts with Russia, Iran and Azerbaijan, experts predict.
Oil & Gas Trade
The World’s Biggest Oil Trader Negotiates Venezuela Oil Purchase
The largest independent oil trader in the world, Vitol Group, is discussing the purchase of Venezuelan crude oil from a Mexican firm that had received the crude…
Crude
Saudis Sell Oil at $25 in Market Share Grab from Russia
Saudi Arabia is preparing to flood markets with oil at prices as low as $25 per barrel, specifically targeting big refiners of Russian oil in Europe and Asia,…
Oil & Gas Trade
Oil Crisis Deepens in Libya as Losses Exceed $3 billion
The oil crisis in Libya is deepening as a blockade of the country’s vital oil fields generated losses of more than $3 billion, the national oil corporation ann…
Oil & Gas Trade
COVID-19 Impact on Chinese LNG Imports Dwindles
China's liquefied natural gas (LNG) imports during March have reached the same levels as last year's figures. Recent data has revealed the coronavirus impact is…
Oil Price
Oil Price War Expands as United Arab Emirates Joins Saudi Ally
The United Arab Emirates has joined ally Saudi Arabia in opening the oil floodgates, broadening the front against Russia in a price war.
Oil & Gas Trade
Saudi Arabia Unveils Plans to Maximize Oil Output, Escalating a Price War with Russia
OPEC kingpin Saudi Arabia unveiled plans Wednesday to dramatically ramp up oil production, raising the stakes of an all-out price war with non-OPEC leader Russi…
Oil Field
Turkey Proposed Joint Management of Oil Fields in Syria With Russia
Turkey's President Tayyip Erdogan said he asked his Russian counterpart Vladimir Putin to jointly manage oil fields in eastern Syria's Deir al-Zor region, in pl…
Oil & Gas Trade
Oil Price crash: 3 Things You need to Know Today
On Monday 9th March 2020, the oil price saw its biggest fall in 30 years. Here’s our analysts’ rapid response to the oil price crash. Look out for more detail…
Oil Price
Lower Oil Prices to Provide Tailwinds to Indian Economy
The present run of lower oil prices will bring significant benefits for the Indian economy as reduced import bill and lower current account deficit and inflatio…
Oil & Gas Trade
China to Bump up Strategic Oil Reserves After Price Crash
Citing people with knowledge of the matter that China is considering the possibility of ramping up the country's strategic oil reserves by buying crude now, esp…
Oil Price
US Shale Supply Badly Hit by Oil Price War
Following the WTI price fall to around $30 per barrel due to an oil price war between Saudi Arabia and Russia, US shale production has been badly hit. The outlo…
Gas fuel (natural gas)
Contract awarded for Gas fuel (natural gas)
Oil & Gas Trade
How a Saudi-Russian Standoff Sent Oil Markets Into a Frenzy
Moscow refused to accept production cuts to offset the effect of the coronavirus outbreak. Now Saudi Arabia is trying an alternative: inflicting pain.

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