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Oil & Gas
China Imported 47.97 Million Tons of Crude Oil in May
China's crude oil imports increased from a decline in May, and international crude oil prices rebounded rapidly.
Oil & Gas
Turkey to Receive 6 bcm of Natural Gas from Azerbaijan by June's End
The Trans Anatolian Pipeline will reach a milestone this month as six billion cubic meters (bcm) of natural gas is set to be delivered to Turkey by the end of J
Oil & Gas
Iran Pressures South Korea To Pay Debts For Oil Exports
The governor of Iran's Central Bank has threatened legal action against South Korea if the Asian country’s banks refuse to unlock billions of dollars owed to I
Oil & Gas
PGNiG to Supply LNG to LG Electronics in Poland
Polish oil and gas company, PGNiG, has announced a new deal to supply liquefied natural gas (LNG) to South Korean electronics manufacturer, LG Electronics.
Oil & Gas
Russia to Solidify Position as World's Largest Natural Gas Exporter Over Next 5 Years
Russia is projected to continue strengthening its position as the world’s leading exporters of natural gas over the next five years as its production growth wi
Oil & Gas
Oil Price Climbs to $42 as China's Imports Hit All-Time High
Oil prices climbed on Monday after OPEC+ agreed to extend a deal on record output cuts to the end of July and as China’s crude imports hit an all-time high in
Oil & Gas
US Sanctions Four Shipping Firms for Transporting Venezuelan oil
The US Treasury Department on Tuesday said it had sanctioned four shipping firms for transporting Venezuelan oil, the latest escalation in Washington's effort t
Oil & Gas
Mexican Firm in Oil Swap with Venezuela Declares Bankruptcy
A Mexican firm that was instrumental in an oil-for-water swap scheme with the Venezuelan government has declared bankruptcy.
Oil & Gas
U.S. LNG Exporters Face New Test as China Tensions Resurface
U.S.-China tensions have bubbled up again, and commodity markets could be caught up in the turmoil, not least LNG.
Oil & Gas
Iran Ready to Send More Fuel to Crisis-Stricken Venezuela
Iranian Foreign Ministry spokesman Abbas Musavi says Tehran will continue to export fuel to Venezuela if the South American country requests more supplies.
Oil & Gas
Putin, Trump Discuss G7 Summit, Oil Markets Over Phone
Russian President Vladimir Putin spoke by phone with U.S. President Donald Trump at the initiative of the United States.
Oil & Gas
Two Iranian Tankers Sail Back After Delivering Fuel to Venezuela
Two Iranian tankers that delivered fuel to Venezuela as part of a five-vessel flotilla have begun to sail back, according to Refinitiv Eikon, as the government
Oil & Gas
Kurdistan Requests Gas Supply From Iran
The semi-official Iranian news agency, Ilna, reported on Saturday that Kurdistan Region requested to gas supply from Iran to meet its needs.
Oil & Gas
Oil Surges 5% Falling Crude Output
Oil prices soared on Friday, with U.S. futures closing out May with record monthly gains.
Oil & Gas
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
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Devon Raises 2024 Projected Production
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