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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Oil & Gas Trade
31-08-2019

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 threatened to further escalate tensions between the two countries.
Oil & Gas Trade
30-08-2019

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 following record-high volumes last year.
Crude
28-08-2019

Kenya Exports Its First-Ever Barrel of Oil to China
Kenya exported its first-ever batch of crude oil Monday, with President Uhuru Kenyatta declaring the shipment of 200,000 barrels a "special moment" in the country's history.
Oil & Gas Trade
28-08-2019

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 where it operated for 60 years.The BP Exploration (Alaska) Inc. headquarters is pictured in Anchora
Oil & Gas Trade
27-08-2019

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 on its pipeline infrastructure in June.
Oil & Gas Trade
26-08-2019

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 the Grace 1, carries 2.1 million barrels of crude, worth some $130 million.
Oil & Gas Trade
26-08-2019

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 dramatic diplomatic move that the White House said had surprised U.S. President Donald Trump.
Oil & Gas Trade
26-08-2019

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 China, which have renewed market concerns on global demand and growth.
Oil & Gas Trade
25-08-2019

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 the latest indication that bilateral relations have a long way to go before they are mended.
Oil&Gas Drilling
24-08-2019

U.S. Crude Oil Rig Count Plunges To Near 2-Year Low
The US oil and gas rig count fell sharply on Friday, decreasing by 19 for the week, according to Baker Hughes. The total oil and gas rig count now stands at 916, or 128 down from this time last year.
Oil and Gas Technology
23-08-2019

The Iraq-Turkey Oil Pipeline Dispute: Opportunity in an Arbitration
Fatigue and frustration aside, U.S. focus and engagement in Iraq remains critical to the national- and energy-security interests of the United States and its allies. Iraq has increased its oil production by more than half since 2012.
Oil&Gas Drilling
23-08-2019

U.S. Sanctions Deadline is Threatening to Clobber Venezuela's Dwindling Oil-Rig Fleet
A looming U.S. sanctions deadline is threatening to clobber Venezuela’s dwindling oil-rig fleet and hamper energy production in the nation with the world’s largest crude reserves.
LNG
22-08-2019

The African LNG Market Holds 7.1% of Proven Global Gas Reserves
Africa is an exciting frontier in the global natural gas sector. On the demand side, Africa’s large, urbanised and industrialised societies of the future will require reliable and sustainable power generation.
Oil & Gas Trade
22-08-2019

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 Mexico’s Deputy Finance Minister Gabriel Yorio.
Oil Price
22-08-2019

US Refined Product Stocks Build Higher than Expected
Oil prices slipped on Thursday, paring earlier gains, weighed down by lingering worries about the global economy and bigger-than-expected builds in oil product inventories in the United States, the world's biggest oil consumer.
Crude
22-08-2019

Oil Prices held Steady After the Energy Information Administration
Oil prices held steady on Wednesday morning after the Energy Information Administration today reported a draw of 2.7 million barrels in crude oil inventories.
Oil & Gas Trade
21-08-2019

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 68th biodiesel auction.
Crude
21-08-2019

BP and Glencore are Struggling to Sell Around Tainted Russian Oil
BP and Glencore are struggling to sell around 600,000 tonnes of tainted Russian oil more than three months after the contamination was discovered, according to six trading sources.
Oil & Gas Trade
21-08-2019

Washington' s Decision to Reimpose Sanctions on all Purchases of Iran' s Crude
The United States has removed nearly 2.7 million barrels of Iranian oil from global markets daily as a result of Washington’s decision to reimpose sanctions on all purchases of Iran’s crude, U.S. Secretary of State Mike Pompeo said on Tuesday.
Crude
21-08-2019

How Much Crude Oil Has The World Really Consumed?
The Energy Information Administration (EIA) estimates that the world consumed 96.92 million barrels per day in 2016, with the top 10 consumers accounting for 60 percent of the total consumption. That’s nearly 100 million barrels per day.
Oil & Gas Trade
20-08-2019

U.S.-China Trade Tensions would Ease and on Hopes, Crude Oil Prices held mostly Steady
Crude oil prices held mostly steady on Tuesday on optimism that U.S.-China trade tensions would ease and on hopes that major economies would enact stimulus measures to counter a possible global economic slowdown that could affect oil demand.
Oil&Gas Drilling
20-08-2019

CNOOC Acquires 55.55% Interest in Svenska’s Acreage Off Guinea-Bissau
FAR Limited has approved the Request for Transfer of Interest from Svenska Petroleum Exploration GB of a 55.55% participating interest in the highly prospective Sinapa and Esperanca petroleum licences offshore Guinea-Bissau.
Oil & Gas Trade
20-08-2019

The US Conveyed its“Strong Position” to the Greek Government about an Iranian Tanker
The United States has conveyed its “strong position” to the Greek government about an Iranian tanker that sailed for Greece on Monday after it was freed from detention off Gibraltar and Washington says is carrying oil to Syria.
Oil Price
19-08-2019

US and China Provided Some Volatility to Crude Prices
Crude oil futures were higher during mid-morning trade in Asia Monday, finding support from OPEC's latest monthly oil market report while uncertainty on the ongoing trade tensions between the US and China also provided some volatility to crude prices.
Oil & Gas Trade
19-08-2019

The Iranian Oil Tanker has Departed From Gibraltar after the British Overseas Territory
The Iranian oil tanker at the center of a diplomatic dispute has departed from Gibraltar after the British overseas territory rejected a US demand to seize the vessel, which is hauling $130 million worth of light crude oil.

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