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Oil & Gas Trade
Tunisia and Algeria to Sign a 10 Year Gas Supply Deal
Tunisia and Algeria are to sign a 10 year gas supply deal according to the governments of Tunisia and Algeria represented by their respective Energy and Mines M…
Oil & Gas Trade
Saudi Arabia and Russia Signal Readiness to Cooperate on Oil
Saudi Arabia and Russia signalled on Thursday they were ready to cooperate to help stabilise the oil market after calls with U.S. President Donald Trump to disc…
Oil & Gas Trade
Showing Honest Solidarity and Working Remotely ElektroMotion Series Being Supportive Technology
Recently industrial activity has been substantially reduced and labor forces worldwide have been affected heavily.
Oil & Gas Trade
India's Top Refiner Declares Force Majeure On Oil Imports From Saudi Arabia
Indian Oil Corp (IOC), the country’s biggest refiner and fuel retailer, has declared a force majeure on oil imports from some of its top oil suppliers, includi…
Oil & Gas Trade
Australia's Woodside Slashes $2 bln in Spending, Delays Key Gas Projects
Woodside Petroleum has halved its 2020 spending forecast and delayed the start of two of its biggest gas projects.
Oil & Gas Trade
Demand Destruction Foils Saudi Arabia’s Plan To Flood Europe With Oil
Saudi Arabia has promised a flood of cheap oil to Europe as it aims to hit its former ally Russia in its own backyard, but it looks like demand for the ultra-ch…
Oil & Gas Trade
Russia’s Unexpected Advantage in The Oil Price War
While the ruble is now at its lowest level against the dollar in four years, the cheaper ruble has a silver lining for Russia’s oil producers in the oil price …
Oil & Gas Trade
U.S. Goes Ahead With Oil, Gas Lease Sales Despite Price Crash
Despite calls for immediate suspension of oil and gas drilling lease sales on federal land amid slumping prices, the U.S. will hold lease sales this week in fou…
Oil Price
Russia Moves In On European Gas Markets As Oil Prices Crash
Russia sees a silver lining in the oil price collapse—it now believes that the oil price war will help it win the war for natural gas market share in Europe.
Oil & Gas Trade
Oil’s Demand Plunge Doing More Damage than The Price War
Imagine U.S. President Donald Trump makes a deal with Saudi Arabia and Russia to cut oil production. Envisage Washington, Moscow and Riyadh going big, each cut…
Oil & Gas Trade
Energean Secures Gas Prices for 70% of Output
Israeli gas-focused company Energean said Tuesday it’s well-placed to weather the challenges currently posed to the industry.
Oil & Gas Trade
Papua New Guinea LNG Sells Cargo at $4/MmBtu
ExxonMobil sold a shipment of liquefied natural gas in April for nearly $4 per million British thermal units.
Oil & Gas Trade
Azerbaijan's BTC Pipeline Jan-Feb Oil Exports Down 7.3 Per Cent yr/yr
Azerbaijan's total oil exports in January-February totalled 6.271 million tonnes, about 80 per cent through the BTC.
Oil & Gas Trade
PetroVietnam Says Considers Stockpiling Oil Amid Low Prices
Vietnam Oil and Gas Group, known as PetroVietnam, said on Wednesday it was considering stockpiling crude oil amid low prices while exploring measures to cope wi…
Oil Price
Russia Sees Oil & Gas Income Fall By Almost $40 Billion
Russia’s revenues from oil and gas will be US$39.5 billion (3 trillion rubles) lower than planned, due to the tumbling oil prices, Russian Finance Minister Ant…
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