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Oil & Gas Trade
Oil Surges 5% Falling Crude Output
Oil prices soared on Friday, with U.S. futures closing out May with record monthly gains.
Oil & Gas Trade
CNOOC Waives Pre-Emption Rights on Delayed Ugandan Oil Project
Chinese state oil giannt CNOOC has waived its right to pre-empt the sale of a major oil field farm-out deal in Uganda to France's Total, project partner Tullow …
Crude Oil
China, India Soak Up Oil from Floating Storage as Demand Recovers
The volume of crude stored on ships in Asia has come off the peaks seen earlier this month on a recovery in demand in China and India, trade sources and analyst…
Coal Trade
Coal Supply by CIL to Power Sector Dips 22% to 32 MT in Apr Due to Demand Slump
The supply of coal to the power sector by state-owned Coal India has dropped 22 per cent to 31.95 million tonnes in April amid slump in the fuel demand in the c…
Crude Oil
Oil Drops on Worse than Feared Rise in U.S. Fuel Stocks
Oil prices fell in early trade on Thursday after U.S. crude, gasoline and heating oil inventories all rose more than expected, dousing hopes of a smooth recover…
Oil & Gas Trade
Russia Overtakes Saudi Arabia as the Largest Oil Exporter to China
Russia last month overtook Saudi Arabia as China's biggest supplier of crude oil, exporting 1.75m barrels a day to China on average, compared with Saudi Arabia'…
Oil & Gas Trade
Iranian Oil Tanker Arrives at Venezuela's Largest Refinery
One of five Iranian tankers carrying much-needed gasoline and oil derivatives arrived Tuesday at Venezuela's main oil refinery, officials said.
Oil & Gas Trade
Which Oil Major Is Best Prepared For The Future?
European oil supermajors are slashing costs but sparing their renewable energy business. U.S. giants are cutting across the board and focusing on their core bus…
Oil & Gas Trade
US and Iran on Collision Course Over Oil Shipments to Venezuela
The first of five Iranian oil tankers headed to Venezuela has arrived, amid tension over the possibility the United States could attempt to halt the deliveries.
Oil & Gas Trade
Lukoil´s 1Q Hydrocarbon Production Fell
In the 1st quarter of 2020 Lukoil's daily hydrocarbon production (excluding the West Qurna-2 project) totaled 2,328 thousand boe per day, which is 2.1% lower ye…
Oil & Gas Trade
Malaysia's Petronas to Sell LNG to Chinese Firm's Tank Facility
Malaysia’s Petroliam Nasional Bhd [PETR.UL] has signed a deal to supply liquefied natural gas (LNG) to an ISO tank-filling facility owned by China’s Tiger Cle…
Coal Trade
Asia Has Already Begun Coal to Gas Switch
An escalating decline in thermal coal imports among major Asian buyers can largely be attributed to a collapse in LNG prices, according to commodity tracking fi…
Oil & Gas Trade
Chinese Oil Demand has Almost Rebounded to Pre-Pandemic Levels
Oil demand in China has almost returned to its level before the coronavirus pandemic spurred the government to impose lockdowns and shut down industries.
Nuclear Power Plant
Norwegian Reactor Dismantling to Cost Almost USD2 Billion
The decommissioning of Norway's shut down research reactors at Halden and Kjeller will cost around NOK20 billion (USD1.96 billion) and take 20-25 years, accordi…
Oil & Gas Trade
Coronavirus Creates Repair Headache for Oil and Gas Industry
The coronavirus pandemic has disrupted maintenance at oil and gas projects and refineries from Russia’s Far East to the coast of Canada, storing up problems fo…
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