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Oil & Gas Trade
Iran Signs Gas Swap Deal with Turkmenistan, Azerbaijan
Iran has signed a tripartite agreement with neighbours Azerbaijan and Turkmenistan to facilitate the movement of gas between the two countries.
Crude Oil
Iran Plans To Boost Oil Production To 5 Million Bpd
Iran is determined to return to its pre-sanction oil production level of 5 million barrels per day, regardless of how the nuclear deal develops
Crude Oil
Brazil’s Oil Major Plans To Invest $68 Billion In Boosting Production
Brazil’s Petrobras plans to invest $68 billion in expanding its crude oil production, a figure that represents 84 percent of its total planned investments for …
Oil Field
Daily Natural Gas Supply of Deep Sea No.1 Gas Field Hits 10 million Cubic Meters
China’s first self-operated deep-water gas field exploration facility, Deep Sea No.1 built by China National Offshore Oil Corp in the South China Sea, is alrea…
Natural Gas
China's Sinopec Raises Daily Gas Supply by 10 million cu m to Cope with Cold Snap
Chinese state-owned oil and gas major Sinopec has increased daily natural gas supply to the north of the country by more than 10 million cubic meters in a bid t…
Crude Oil
Biden Announces Global Effort to Ease Energy Costs
US president orders 50 million barrels of oil to be released from nation's strategic petroleum reserve
Crude Oil
OPEC Considers Lowering Production to Account for Oil Reserve Releases
OPEC and its allies may re-evaluate plans for reviving oil supplies if the world’s four largest consuming countries go ahead with a co-ordinated release of the…
Crude Oil
Colombia Desperately Needs To Ramp Up Its Oil Production
The COVID-19 pandemic has taken a particularly harsh toll on Colombia’s economically-dependent oil and gas industry.
Oil & Gas Trade
Saudi Retains Top Spot Among China Oil Suppliers
Saudi Arabia has remained China’s number-one crude oil supplier.
Crude Oil
OPEC+ Pumped Less Oil Than Agreed In October
The OPEC+ group’s compliance rate with the oil production cuts rose to 116 percent in October from 115 percent in September,
Natural Gas
Lukashenko would not Dare Cut Gas Supplies to EU without Kremlin’s Permission
Belarus’ authoritarian President Alexander Lukashenko threatened to cut gas supplies to Europe transiting his country if the European Union imposed further san…
LNG
China: Sinopec Signs Long Term LNG Contract With Venture Global
Sinopec and Venture Global LNG have announced the signing of two 20-year Sales and Purchase Agreements for the supply of a total of 4 million tonnes per annum o…
Crude Oil
Russia And Saudi Arabia See Oil Oversupply In 2022
“Everybody is predicting a surplus of supply starting from the first or second quarter,”
Natural Gas
Russia: Belarus Didn’t Coordinate With Moscow Threat To Halt Gas To Europe
The threat of Belarusian leader Alexander Lukashenko to cut off transit gas supply from Russia to Europe has not been coordinated with Moscow.
Oil & Gas Supply
Wales Pledges to Put an End to Licensed Oil and Gas Production
Wales has joined an alliance led by Denmark and Costa Rica pledging to stop licensing oil and gas production
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