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Oil & Gas Trade
PNG Government Walks Away from Gas Talks with Exxon
According to Reuters, the government of Papua New Guinea (PNG) has ended talks with Exxon Mobil Corp. regarding a key gas project, putting plans to double gas e…
Oil & Gas Trade
OPEC and Ally Russia to Discuss Oil Price Fall After Coronavirus Epidemic
OPEC members and their ally Russia will convene a technical meeting this week to analyze oil price falls since the outbreak of a coronavirus epidemic, a source …
Oil & Gas Trade
China’s Oil Demand Drops 20%
Chinese oil demand has dropped by about three million barrels a day, or 20 per cent of total consumption, as the coronavirus squeezes the economy.
Oil & Gas Trade
Kuwait and Saudi Arabia Start Work to Resume Oil Output from Khafji – Sources
Kuwait and Saudi Arabia have started preparation work to resume crude oil production from the al-Khafji oilfield jointly operated by the two countries, with ini…
Oil & Gas Trade
South Sudan Welcomes Russian Firms To Its Oil, Gas Sector
South Sudan believes that Russian companies can help it to develop its oil, natural gas, and refining industries, the foreign minister of the small African oil …
Oil & Gas Trade
U.S. Lifts Iran Sanctions on One Unit of Chinese Shipping Giant COSCO
The U.S. Treasury said, partially reversing its punishment on the company for transporting Iranian oil after China complained about the measure in trade talks w…
Oil & Gas Trade
Libya’s Oil Chief Denounces Port Blockades As Crude Output Plummets
Blockades of Libya’s export terminals risk cutting off virtually all of the OPEC member’s 1.2 million barrels per day in crude oil exports, warned the chairma…
Oil & Gas Trade
Libya Says Oil Output May Almost Fully Halt Within Days
Libya’s oil output could be days from coming to a complete halt as conflict in the OPEC nation puts the country’s most vital industry at risk, the nation’s t…
Oil & Gas Trade
Oil Falls Below $61, Heading for Weekly Loss on China Virus Concerns
Oil extended losses on Friday to trade below $61 a barrel, heading for a weekly decline as concern that the coronavirus in China may spread.
Oil & Gas Trade
Crude Oil Jumps on Libya Export Blockage, Iraq Disruptions
Oil gained in Asian trading Monday following supply disruptions and political instability in key producers Libya and Iraq.
Oil & Gas Trade
Eastern Med Nations Square Off in Blocs for Natural Gas Supply
Turmoil over energy issues in the Eastern Mediterranean is growing as countries form blocs to supply natural gas to the markets of Europe.
Oil & Gas Trade
Guyana Officially Becomes Oil Exporter
The world’s newest oil frontier, Guyana, has officially shipped its very first batch of crude oil on Monday, according to TankerTrackers.com—a major oil-first…
Crude
Pipeline Closure Risks Taking Nearly all Libya's Oil Offline
Two major oilfields in southwest Libya began shutting down on Sunday after forces loyal to Khalifa Haftar closed a pipeline, potentially reducing national outpu…
Oil & Gas Trade
Jordan Parliament Seeks Ban on Israel Gas Imports
Jordan’s parliament Sunday voted in favour of a law to ban gas imports from Israel, weeks after the Jewish state began pumping it to the kingdom in a $10 billi…
Shale Gas
A Crude Restructuring: How America's Shale Revolution Changes the Oil Market in the Middle East
In the first week of January 2020, US special forces executed a strike killing the leader of Iran’s foreign paramilitary arm, Qasem Soleimani, and raised the a…
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