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Oil & Gas

Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level

Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level

Oil & Gas Trade
23-04-2020

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 between January 2019 and January 2020.
Market Analysis
23-04-2020

Why The World Is Still Pumping So Much Oil Even As Demand Drops Away
With the global economy in a pandemic-induced coma, the world just doesn't need a lot of oil.
Oil & Gas Trade
23-04-2020

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 people – went into a nationwide lockdown at the end of March.
CNPC
23-04-2020

CNPC Starts Building a 5.6 bcm Gas Storage Project in Xinjiang (China)
China National Petroleum Corporation (CNPC) has started to build the Wenjisang gas storage cluster project in Tuha Oilfield in the Xinjiang Uygur Autonomous Region in northwest China.
LNG
23-04-2020

Japan Has Only 2-Week Stockpile of LNG
The outbreak of the coronavirus poses a new risk to Japan, potentially cutting off vital supplies of liquefied natural gas.
Oil&Gas Drilling
23-04-2020

Aker BP Postpones Oil Developments Amid Market Turmoil
The company has suspended all oil and gas development projects that have not yet received board approval because of the coronavirus-related plunge in crude prices.
Oil & Gas Trade
23-04-2020

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 Price
22-04-2020

US Oil "Technically Worthless," and Coal Plants Shuttered, as a Tidal Wave of Bankruptcies Looms
May contracts for West Texas Intermediate (WTI) crude oil went as low as -$37.63 on Monday.
Crude Oil
22-04-2020

Trump Says "Looking to" Add 75 mln Barrels of Oil to Strategic Petroleum Reserve
U.S. President Donald Trump said on Monday that the United States is "looking to" add 75 million barrels of oil to its Strategic Petroleum Reserve (SPR) as oil futures tumble into negative territory.
Oil & Gas Trade
22-04-2020

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 Price
22-04-2020

How Nigeria Can Leverage on Negative Oil Prices
Governments of oil producers like Nigeria, whose economies were already reeling from the headwinds brought on by COVID-19 must have been wondering what they would have to do to shore up their revenues from alternative sources.
22-04-2020

ExxonMobil Breaks Ground on Multibillion-Dollar Chemical Complex in China
Multinational oil and gas corporation ExxonMobil Wednesday broke ground on its solely-funded chemical complex in Huizhou, southern China's Guangdong Province.
Oil & Gas Technology
22-04-2020

Nigerian Refinery Achieves Digital Transformation in Record Time
Nigeria's dangote group has achieved a digital transformation led by SAP.
Oil Field
22-04-2020

Trump Tells Chevron to "Wind Down" Oil Fields in Venezuela
The Trump administration on Tuesday ordered Chevron Corp. to "wind down" operations in Venezuela by Dec.
Oil & Gas Trade
22-04-2020

UK Becomes World's Cheapest Natural Gas Market
Britain has become the cheapest natural gas market in the world.
Crude Oil
22-04-2020

Mexico's President Fears The Economic Consequences As Oil Prices Go Negative
Mexico will try to reduce spending with additional austerity measures amid the coronavirus pandemic and the oil price collapse, but it will not dismiss government staff, López Obrador said.
Crude Oil
22-04-2020

Trump Calls for U.S. Oil Industry Bailout as Prices Plunge
U.S. President Donald Trump said on Tuesday he has asked his cabinet to devise a plan to inject cash into the ailing U.S. oil-drilling industry to help it survive a historic collapse in crude prices.
Oil Price
22-04-2020

The Worst Is Yet To Come For Oil Prices
Dashing hopes for some oil producers who may have thought negative prices were a weird quirk, the June WTI contract fell sharply on Tuesday.
Oil Price
21-04-2020

What’s Next For Oil As Prices Go Negative?
Oil prices crashed through zero, closing out the day at -$37 per barrel, an unprecedented meltdown.
Oil & Gas Trade
21-04-2020

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.
Crude Oil
21-04-2020

China Doubled Crude Oil Storage Inflows During Coronavirus Demand Hit
China pushed crude oil into storage tanks almost twice as fast in the first quarter of this year as it did in the same period in 2019.
SINOPEC
21-04-2020

LNG Tanker Maran Gas Vergina to Discharge First US Cargo in China in 13 Months
The tanker Maran Gas Vergina has arrived in China with the first delivery of US liquefied natural gas in 13 months.
Oil Price
21-04-2020

Oil Price Plunges to 22-Year Low on Concerns Over Storage, Weakening Economies
Oil prices fell Monday, with a U.S. crude futures contract hitting its lowest level since 1998.
Oil & Gas Trade
21-04-2020

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 Price
21-04-2020

Oil Price Collapses to Below Zero as Demand Takes a Dive During Pandemic
A key sector of us oil trading collapsed on Monday.

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