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Oil & Gas Trade
China: Shenergy Group & Total Energy LNG Marketing Partnership
Total and Shenergy Group, the leading energy player in Shanghai, have signed binding agreements for the supply of up to 1.4 million tons per annum of LNG from T…
Crude Oil
Saudi Arabia Tops China’s Jan-Feb Crude Imports
Saudi Arabia remained the top crude supplier to China in the first two months of this year, Chinese customs data show.
Coal Trade
Severe Storms Disrupt Australian Coal Exports
Rail network manager Australian Rail Track has closed the Hunter Valley railway, halting coal deliveries to the 211mn t/yr capacity port of Newcastle in New Sou…
Oil & Gas Trade
India to Cut Saudi Arabian Oil Imports After OPEC Ignores India Demand
Weaker demand due to increasing Covid-19 cases or regular maintenance shutdowns may also contribute to lower purchase from Saudi Arabia in May, they said.
Electricity Trade
Pakistan: Govt Set to Raise Power Tariff by Rs3.9 per unit
In another development, the government is all set to increase power tariff by Rs3.4-3.9 per unit under the head of FCA for the consumers utilising 300 units a m…
Oil & Gas Trade
Hyundai Oilbank to Export Gasoline to the U.S. for First Tim
Hyundai Oilbank announced on March 15 that it will export gasoline products to the United States in the second quarter of the year.
Crude Oil
China Ramps Up Oil Imports From Iran
China appears to be becoming a major importer of Iranian oil, as Iran’s production levels look set to soar thanks to better relations with Biden’s U.S.
Crude Oil
Crude to $100: Trader Makes the Case for a Spike in Oil Prices
Crude oil prices are on a path to highs not seen since 2014, according to one chart analyst.
Oil Refinery
Oil Refining Companies Discuss Carbon Neutrality
The Ministry of Trade, Industry and Energy, SK innovation, GS Caltex, S-Oil and Hyundai Oilbank discussed carbon neutrality strategies on March 11.
Thermal Coal
South Korean Coal Imports Rebound in February
South Korean thermal coal imports rose in February, supported by utility restocking and greater Australian supply.
Oil & Gas Trade
Israel's Leviathan to Sell 10bn m³ of Gas in 2021
Israeli upstream firm Delek Drilling expects its 649bn m³ Leviathan field to sell around 10bn m³ of gas this year, up from the 8.9bn m³ forecast in July last…
Coal Trade
Vietnam's Coal Imports Fall Further in February
Vietnamese coal imports slipped for a third straight month in February from a year earlier as industrial activity slowed amid the lunar new year holiday and a r…
OPEC
India Asks Refiners to Diversify, Cut Reliance on Middle East Oil After Opec+ Decision
India, hit hard by the soaring oil prices, has urged producers to ease output cuts and help the global economic recovery
Oil & Gas Trade
Saudi Oil Exports Holding Strong Despite Production Cut Commitment
Saudi Arabia’s crude oil exports fell just slightly in February, in stark contrast to the bold voluntary production cuts that the Kingdom had offered to make.
Crude Oil
Oil Price Settles Near $70 as Traders Shrug off Saudi Terminal Attack
Brent oil erased gains as the market shrugged off an attack on the world’s largest crude terminal in Saudi Arabia.
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