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These early harvests have truly pointed to the broad prospects the Belt and Road initiative will bring.
China has signed MOUs of cooperation on the joint development of the Belt and Road with some countries, and on regional cooperation and border cooperation and m…
Oil & Gas Trade
US Sanctions on Iran's Oil Industry have Slashed the OPEC Member's Crude Exports
While US sanctions on Iran’s oil industry have slashed the OPEC member’s crude exports by more than 80 percent, oil product sales from the Islamic Republic re…
Oil Price
Oil prices Fell on Monday after New Tariffs Imposed By Trade War
Oil prices fell on Monday after new tariffs imposed by the United States and China came into force, raising concerns about a further hit to global growth and de…
Oil & Gas Trade
U.S. Imposes Sanctions on Wandering Iranian Oil Tanker
The Treasury Department on Friday imposed sanctions on an Iranian oil tanker at the center of a power struggle between the United States and Iran, a move that t…
Oil & Gas Trade
Gazprom Conceded for Decline in European Gas Exports, Prices
Kremlin-controlled energy giant Gazprom on Thursday conceded for the first time that its gas exports to Europe, as well as its prices, will decline in 2019 foll…
Oil & Gas Trade
BP to Exit Alaska in $5.6 Billion Deal with Hilcorp
British oil major BP Plc (BP.L) on Tuesday agreed to sell all its Alaskan properties for $5.6 billion to privately held Hilcorp Energy Co, exiting a region wher…
South Korea Plans to Cut Its Primary Energy Consumption By 14% By 2030
The Ministry of Trade, Industry and Energy of South Korea has unveiled plans to cut its primary energy consumption by 14% by 2030, which could help the country …
Oil & Gas Trade
Oil Pipeline Vandalism In Nigeria Soars 77%
The Nigerian National Petroleum Corporation (NNPC) said on Sunday that it had seen a 77-percent jump in the number of cases of oil and fuel pipeline vandalism o…
Oil & Gas Trade
Iranian Spokesman Says Oil Aboard Tanker has been Sold
An Iranian government spokesman says the oil aboard an Iranian tanker pursued by the US has been sold to an unnamed buyer. The Adrian Darya, previously known as…
Oil & Gas Trade
Iran's Foreign Minister Arrived at the G7 Summit for Surprise Side Talks
Iran's foreign minister flew in for side talks at the G7 summit on Sunday as host France ramped up efforts to ease tensions between Tehran and Washington, a dra…
Oil & Gas Trade
Crude Oil Futures were Lower, Cause Escalating Trade Tensions Between the US and China
Crude oil futures were lower during mid-morning trade at the start of a brand new trading week in Asia Monday amid escalating trade tensions between the US and …
Oil & Gas Trade
Is China Blocking Vietnam’s Access To $2.5 Trillion In Oil & Gas?
The United States has China of interfering with oil and gas drilling operations off the coast of Vietnam in the disputed waters of the South China Sea. This is …
Coal Trade
Report Shows: China Injected $1b in "Green" Financing to Coal-Related Projects
Chinese financial institutions provided at least $1b in “green” financing to coal-related projects in the first half of this year, Reuters reported in a revie…
Oil & Gas Trade
World's Biggest Oil Hedge May Not Happen After All
Despite its track record for turning a sizable profit from its super-secret oil hedge, Mexico may not go through with its massive hedge this year, according to …
Oil & Gas Trade
Brazil Contracts 1.14 Billion Litres in The 68th Biodiesel Auction
Brazil's Petroleum, Natural Gas and Biofuels Agency (ANP) announced on Tuesday that almost 1.14 billion litres (301.15m gallons) have been contracted in the 68t…
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