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Oil & Gas
Refined Oil Product Freight Rates Nearly Double in a Week
Refined oil tanker rates surged this week to their highest level in 11 years.
Oil & Gas
Russia Halves Western Sea Oil Exports in May after OPEC+ Deal
Russia plans to halve oil exports from its Baltic and black sea ports in May.
Oil & Gas
Japan Urges G20 Energy Summit to Address Importance of Stable Oil Prices
Japan hopes a Group of 20 energy ministers summit later on Friday will address the importance of stable oil prices and supply after OPEC and its allies agreed t
Oil & Gas
Covid-19: Saving Nigeria from the Peril of Oil Economy
It is no gainsaying the fact that the global pandemic Coronavirus has made the world economy to shrink. With a sudden shutdown of most countries to contain the
Oil & Gas
Trump Pledges to Support Oil, Gas Industries Amid Oil Futures Crash
U.S. President Donald Trump on Tuesday directed his administration to work on a plan to get funding to the oil and gas industries as a steep sell-off in oil fut
Oil & Gas
Canada’s Oil Has Nowhere To Go As The US Runs Out Of Storage
Collapsing demand and brimming storage in the United States, Canada’s almost exclusive oil outlet, have resulted in a very usual situation in the Canadian oil
Oil & Gas
Saudi Arabia may Re-route Tankers if U.S. Imposes Crude Import Ban
Saudi Arabia is exploring re-routing millions of barrels of oil onboard tankers sailing to the United States if President Donald Trump decides to block imports
Oil & Gas
Nigeria's Oil, Gas Exports Hit $5.1bn in One Year - NNPC
The Nigerian National Petroleum Corporation (NNPC) has said that the country exported oil and gas worth about $5.18 billion in the last one year, spanning betwe
Oil & Gas
Indian Refineries Slash Middle East Oil Imports As Storage Fills Up
Two oil refiners will be cutting their crude oil imports from Saudi Arabia by between 66 percent and 80 percent for May, as India – population 1.3 billion peop
Oil & Gas
Shell Delays Decisions on Deepwater Projects Amid Oil Price Rout
Shell has delayed a decision on whether to proceed with two large oil and gas development projects in the gulf of Mexico and the north sea.
Oil & Gas
Australia Says First in Line to Buy Crude to Store in US Strategic Reserve
Australia is at the head of the queue to buy oil and store it in the US Strategic Petroleum Reserve.
Oil & Gas
UK Becomes World's Cheapest Natural Gas Market
Britain has become the cheapest natural gas market in the world.
Oil & Gas
Will Look into Halting Oil Import from Saudi Arabia, Says Trump
US President Donald trump said on Monday that the us would consider stopping oil imports from Saudi Arabia.
Oil & Gas
U.S. Natgas Trading at Parity with Oil after Crude Price Collapse
The rapid collapse of U.S. oil futures this year caused crude’s premium over natural gas to drop to near parity on.
Oil & Gas
African Oil Producers to Readjust Fuel Production in Line with OPEC Advisory
APPO members have committed to cutting daily oil production to 10 million barrels a day, with effect from May 1 2020.
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