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Oil & Gas Trade
Chinese Oil Refiners Want Changes to Tax Laws on the Consumption and Sale of Fuel Oil
Chinese oil refiners want changes to tax laws on the consumption and sale of fuel oil in order to start producing low-sulphur marine fuel when new global clean …
Oil & Gas Trade
Gas is Not a Profitable Business and It is a Byproduct Now
Bakken producer Northern Oil and Gas chief financial officer Nick O'Grady described natural gas as "a byproduct" Wednesday, as exploration and production compan…
Oil & Gas Trade
China Exported 1,536 Tons of Refined Oil to North Korea in May
The May figure brought China's cumulative supply of refined oil products to the North to 5,730 tons this year, the report posted on the website of the sanctions…
Oil & Gas Trade
IEA Said “It Does Not Change the Fundamental Outlook of an Oversupplied Market”
The extension of the OPEC+ cuts through the first quarter of 2020 removes a major uncertainty, but the IEA said it “does not change the fundamental outlook of …
Oil & Gas Trade
The UK Drop into the Broader Tensions between The U.S. and Iran
The UK move against the tanker, whether directly instigated by the United States or not, immediately drew the UK into the broader tensions between the U.S. and …
Oil & Gas Trade
Kuwait Joint Cooperation Protocol Signed to Protect Key OPEC Exporter’s Ports
Joint cooperation protocol signed to protect key OPEC exporter’s ports to ‘ensure full readiness for any potential emergency’.
Oil & Gas Trade
The Oil Market will Weigh Fresh Cues on Chinese Demand
Sour crude benchmark Dubai futures' discount to ICE Brent widened slightly in mid-morning trade in Asia Monday, while the market will weigh fresh cues on Chines…
Oil & Gas Trade
China's Sinopec Sets Up Fuel Oil Unit in Sri Lanka
China Petroleum and Chemical Corp, known as Sinopec Corp, said on Monday it has set up a fuel oil company in Sri Lanka as it looks to supply fuel to ships along…
Oil & Gas Trade
Iranian Tanker will be Released if Oil isn't Bound for Syria, UK Foreign Secretary Says
An Iranian oil tanker held by British forces near Gibraltar will be released if the United Kingdom is assured the oil will not be heading to Syria, London's top…
Crude
Tropical Storm Barry Reduces Gulf Crude oil Output By 59 Percent
Crude oil output in the U.S.-regulated areas of the Gulf of Mexico has been cut by almost 59 percent, or 1.1 million barrels per day, because of Tropical Storm …
Oil & Gas Trade
Iran: The Release of the Tanker is in all Countries' Interest
"This is a dangerous game and has consequences ... the legal pretexts for the capture are not valid ... the release of the tanker is in all countries' interest,…
Oil & Gas Trade
Oil Tanker Event Marked the Latest Escalation of Tensions in the Persian Gulf
Britain said Thursday that three Iranian vessels unsuccessfully tried to impede the passage of a British commercial vessel through the Strait of Hormuz, signali…
Oil & Gas Trade
Iran’s Islamic Revolutionary Guard Corps have Denied Stopping British Oil Tanker
There were “no encounters” between the Iranian warships and foreign vessels at the time when the alleged incident took place, the IRGC’s naval unit said in a…
Oil & Gas Trade
Ignoring The U.S. Sanctions, Iran Still Provides Oil Futures Contracts to Foreign Partners
Iran is going to offer up to three-year oil future contracts for certain international buyers in an effort to offset the impacts of U.S. sanctions on its oil ex…
Oil & Gas Trade
A British Oil Tanker has Stopped its Journey Through the Strait of Hormuz
A British oil tanker has stopped its journey through the Strait of Hormuz for fear of being seized by Iran in response to the capture of an oil tanker by UK for…
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