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Oil & Gas Trade
OPEC+ Stuck Yet Again as Saudi Arabia and Russia Disagree on Output Cuts
The OPEC+ found itself stuck yet again, after a day of talks that ended with its two most important members split over whether they should deepen production cut…
Oil & Gas Trade
Saudis Lobby for Million-Plus-Barrel OPEC Cuts, Extending Oil’s Gains
Oil rose for a third day after Saudi Arabia pushed for a deeper output cut than OPEC’s technical committee recommended a day earlier.
Oil & Gas Trade
Oil Looks Into Abyss as Coronavirus Threatens Demand Contraction
Flights canceled in Europe, schools closed in Japan, towns quarantined in Italy and panic in California. The coronavirus crisis has gone global, and with it, it…
Oil & Gas Trade
China's Fuel Demand To Normalize Earlier Than Projected
China's thirst for fuel has substantially gone down after the coronavirus outbreak forced government officials to lock down cities and restrict non-essential tr…
Oil & Gas Trade
China-Myanmar Gas Pipeline Imports of Natural Gas made a Breakthrough Last Year
The reporter recently learned from Kunming Customs that the natural gas imports of China-Myanmar oil and gas pipelines will exceed 5 billion cubic meters in 201…
Oil & Gas Trade
Oil may Hit $40 if Russia doesn’t Support Opec’s Production Cuts
In a volatile trading last week, crude oil prices touched one-month high and then fell back as coronavirus fears were back in the markets, with infection and de…
Oil & Gas Trade
IEA: Coronavirus May Hit Oil Demand Growth More Than Expected
The coronavirus outbreak could hit global oil demand growth more than currently expected, the head of the International Energy Agency (IEA) said on Tuesday, add…
Oil & Gas Trade
Iran to take Part in OPEC Meeting in March
Oil Minister Bijan Namdar Zanganeh said that Islamic Republic of Iran will participate in upcoming meeting of the Organization of Petroleum Exporting Countries …
Oil & Gas Trade
US hits Russian Firm in Bid to Squeeze Venezuela
The United States imposed sanctions on a subsidiary of Russian state oil major Rosneft and its president on Tuesday for allegedly helping the Venezuelan gover…
Oil & Gas Trade
US Slaps Sanctions on Russian Oil Company Trading with Venezuela
The Trump administration Tuesday imposed economic sanctions on Rosneft Trading SA, a Geneva-based subsidiary of Russia’s state-owned oil giant, charging it wit…
Oil & Gas Trade
Guyana Celebrates 1st Oil Shipment after Major Discovery
Guyana's government on Thursday prepared to sell its first barrels of oil after the discovery of large quantities of oil and gas near the South American country…
Oil & Gas Trade
Sanctions on Rosneft Unit Threaten Venezuela’s Vital Oil Trade
U.S. sanctions on Rosneft Trading SA threaten to hit Venezuela’s ability to export oil, choking off the main source of cash for Nicolas Maduro’s regime and po…
Oil & Gas Trade
Shell Temporarily Suspends LNG Liftings from Prelude off Australia
Royal Dutch Shell (RDSa.L) has temporarily suspended cargo liftings from its Prelude floating liquefied natural gas (LNG) facility off northwest Australia while…
Oil & Gas Trade
Libya Faces Disaster If Oil Blockade Continues
Libya is facing financial disaster if the Libyan National Army does not lift the oil port blockade, the Prime Minister of the UN-recognized Government of Nation…
Oil & Gas Trade
Kuwait, Saudi Arabia Start Trial Oil Pumping from Divided Zone: Kuwait Minister
Kuwait and Saudi Arabia will start trial oil production from the jointly-operated Wafra and Khafji oilfields on Sunday, Kuwait’s oil minister said.
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