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Oil & Gas Trade
Russia Delivers First Arctic Oil To Key Ally China
Ensuring a leading position in the exploration and development of the Arctic's huge gas deposits has long been a key part of President Vladimir Putin’s overall…
Coal Trade
Trump Administration Invests in ‘New Future’ for Coal
The U.S. Department of Energy announced on Friday it will provide $118 million in funding to support research and development of technologies to make coal power…
Oil & Gas Trade
Kuwait's Oil Sector Cancels Several Tenders & Projects to Cut Costs
Kuwait Petroleum Corporation and its subsidiaries have started to cancel a large number of unimportant tenders and contracts within the budget of the current fi…
Germany
German Hard Coal Imports Could Fall by 16-30% in 2020
Germany's imports of hard coal will likely decline by between 16 and 30 per cent in 2020, importers group VDKi forecast on Thursday.
United States
India to Create its First Overseas Oil Stockpile in US
India is moving to store oil in the US, the first time world’s third-largest oil guzzler is creating an emergency reserve abroad to take advantage of low price…
Mozambique
Total Secures $14.9 bn to Finance Mozambique Gas Project
French oil giant Total on Friday said it had signed a $14.9 billion financing agreement for a gas project in northern Mozambique.
China
Oil Down ith OPEC+ Signaling Production Cuts, While U.S.-China Tensions Rise
Oil was down on Thursday morning in Asia as OPEC announced the easing of production cuts after its Joint Ministerial Monitoring Committee meeting on Wednesday.…
Oil & Gas Trade
Tanker off UAE Sought by US Over Iran Sanctions ‘Hijacked’
An oil tanker sought by the U.S. over allegedly circumventing sanctions on Iran was hijacked on July 5 off the coast of the United Arab Emirates.
Oil & Gas Trade
U.S. LNG Exports Will Fall to 25%
The average US LNG export volume in June was 3.6 billion cubic feet per day, and the average export volume in July.
Oil & Gas Trade
Venezuela Restarts Gasoline Output At Only Operating Refinery
Venezuela's state oil firm PDVSA has resumed gasoline production at the only operating refinery in the country home to the world's largest oil reserves that is …
Crude Oil
The Middle East Nation Reopening its Doors to Iraqi Oil
It will also serve to consolidate the Shia crescent of power falling across the region by dint of Iran, and its prime backers, China and Russia.
Crude Oil
Oil Rises Slightly Ahead of OPEC+ Meeting
Oil prices rose slightly on Tuesday as OPEC and its allies cut production by more than agreed to in June.
Electricity Transmission
Turkey's Karpowership Signs 5-Year Power Deal with Sierra Leone
Karpowership, one of the world's largest operators of floating power plants, has agreed a 5-year deal to provide electricity to Sierra Leone's state power utili…
Oil & Gas Trade
U.S. Ups Pressure to Push Venezuela Oil Exports to Zero
“What you will see is most shipowners and insurance and captains are simply going to turn away from Venezuela,”
Coal Trade
Indian Thermal Ccoal Imports at Major Ports Decline 35% to 17.71 MT in April-June: IPA
Thermal coal imports at India's 12 major ports dropped 34.70 % to 17.71 million tonnes (MT) in the first quarter of the current fiscal.
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