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Oil & Gas Trade
Japan's Inpex Signs Gas Sales Agreement with Indonesia Gas Utility
A memorandum of understanding was signed between Inpex Masela Ltd and PT Perusahaan Gas Negara.
Oil & Gas Trade
Alaska’s Oil Exports Double Amid Strong Chinese Demand
While demand from U.S. West Coast refiners has been subdued, overall Chinese crude oil imports have held strong during the COVID-19 wave in China early this yea…
LNG
Australia’s LNG Exports at Nine-Month High
Australia's LNG exports rose to a nine-month high of 7.04mn t in October, driven by record shipments from the Queensland port of Gladstone.
Oil & Gas Trade
Brent Edges Higher as Opec+ Agrees More Moderate Production Increase
Oil prices crept up this evening after the Opec cartel and its allies agreed to a more gradual easing of production cuts next month.
Oil & Gas Supply
Iraq Cuts Term Crude Supplies to Some European Cilents
Deliveries of Iraqi Basrah crude to Europe and the Mediterranean could drop next year after state-owned marketer Somo trimmed allocations for some of its term c…
Crude Oil
U.S. Briefly Became Net Petroleum Importer This Year
The United States briefly returned to being a net importer of crude oil and petroleum products in May and June this year, as U.S. crude oil and refinery output …
Oil & Gas Trade
Japan Says Reached Oil Storage Deal with Kuwait
Under the deal, KPC can use storage tanks at refiner Eneos' Kiire base in southern Japan of Kagoshima as an export base for eastern Asia.
Oil Price
OPEC Warns of ‘Immense Challenges’ as Talks on Oil Production Cuts Continue
OPEC warned on Monday that the “immense challenges” caused by the Covid-19 pandemic were likely to persist into 2021, as the group of oil producers continues …
CNOOC
Trump to Add China's SMIC and CNOOC to Defense Blacklist
The list is also part of a broader effort by Washington to target what it sees as Beijing’s efforts to enlist corporations to harness emerging civilian technol…
Oil & Gas Trade
U.S. Ups Pressure to Push Venezuela Oil Exports to Zero
Under the increased pressure from the United States, the companies classifying ships are asked to check if vessels have participated in shipments to Venezuela.
LNG
Qatar Energy Exports Crash By 39%
Qatar’s total exports dropped by 35.5 percent year over year in the third quarter, dragged down by a 38.5-percent slump in exports of energy commodities and pr…
Oil & Gas Trade
Algerian Gas Exports to Drop by 4.7%, Energy Minister Says
Oil and gas revenues amounted to $33 billion in 2019 and is forecast to be $23 billion this year.
Oil & Gas Trade
China Issues Final Batch of Refined Fuel Export Quotas for 2020
The new issue brings the total fuel export quota this year to nearly 59 million tonnes, up from last year's 56 million tonnes.
Oil & Gas Trade
Azerbaijan Boosts Natural Gas Production, Export in Jan-Oct 2020
Azerbaijan increased gas production and export while reducing oil production and export in January-October 2020.
Oil & Gas Trade
CNOOC China Awards LNG Contract to Aramco Trading
China National Offshore Oil Corp has awarded a tender to buy liquefied natural gas from the trading arm of oil giant Saudi Aramco in Singapore through the Shang…
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