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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
26-09-2019

Sinopec to Start Producing Low-Sulphur Bunker Fuel at Qilu by End-Oct
Sinopec Corp expects to start operations at the marine fuel oil blending facilities at its Qilu refinery in eastern China’s Shandong province by the end of October, the company said on Thursday.
Oil Price
25-09-2019

Oil at $100 per barrel?
The drone strike on key Saudi oil facilities could stoke already-flaring tensions in the Middle East, driving crude prices higher amid growing fears of supply shortages, market and industry experts believe.
Oil Price
25-09-2019

Is Saudi Aramco Lying about its Damaged Oil Infrastructure?
Repairs at the Khurais field and the Abqaiq processing facility may take several months rather than the ten weeks tops that Aramco had initially estimated.
Oil and Gas Equipment
24-09-2019

Repairs to the Saudi Oil Facilities After Devastating Attacks could Take Months
Saudi Aramco's repairs on its oil facilities that suffered devastating attacks last week are in emergency mode, but could still take several months before they're fully operational again, according to the Wall Street Journal.
Oil & Gas Trade
24-09-2019

Trump’s Disdain for Alliances Backfires
A strange thing happened when the Trump administration tried to recruit an international coalition of naval forces to protect oil tankers in the Persian Gulf this summer: Nobody wanted to sign up.
Oil & Gas Trade
22-09-2019

US Slaps Sanctions On Iranian Central Bank—What’s Next?
The United States on Friday has taken the first step in its response to the attacks on Saudi oil infrastructure by imposing more sanctions on Iran, but the response might not stop there.
Oil & Gas Trade
22-09-2019

Shell, Exxon Close Deal To Build Five LNG Import Terminals
Shell and Exxon are among the companies picked by the Pakistani government to build five LNG import terminals as part of efforts to boost natural gas imports to deal with shortages in supply.
Oil & Gas Trade
22-09-2019

It's Time For Traders To Take Advantage Of High Oil Prices
Citigroup is advising traders to sell their positions on oil and use the proceeds to hedge against a decline in equity markets, Bloomberg reports, citing a note by the bank’s analysts.
Oil & Gas Trade
20-09-2019

China's Quest Is Changing the Global LNG Market on Trade, Investment And Prices
The major transformations that are occurring on the Chinese gas market have profound repercussions on the global gas and LNG markets, especially on trade, investment and prices.
Oil & Gas Trade
16-09-2019

What the Attacks on Saudi Aramco’s Main Oil Plant Mean for Its Massive IPO
Smoke billows from an Aramco oil facility in Abqaiq about 37 miles southwest of Dhahran in Saudi Arabia's eastern province on September 14, 2019, after drone attacks sparked fires at two Saudi Aramco oil facilities.
Oil & Gas Trade
16-09-2019

US Blames Iran For Energy Prices Spike After Saudi Oil Attack
Global energy prices spiked on Monday after a weekend attack on key oil facilities in Saudi Arabia caused the worst disruption to world supplies on record, an assault for which President Donald Trump warned that the U.S. was "locked and loaded" to respond
Oil & Gas Trade
12-09-2019

US Sanctions Bringing China and Iran Together
A report by Reuters last week showed that, while sales of Iranian crude oil have significantly diminished, Tehran’s exports of oil products have hardly been affected by US sanctions.
Oil & Gas Trade
12-09-2019

U.S.to Challenge Saudi Arabia's Position As the World's Leading Oil Exporter
The International Energy Agency (IEA) expects the U.S. to challenge Saudi Arabia’s position as the world's leading oil exporter, after briefly overtaking the OPEC kingpin to claim the number one spot earlier this year.
Oil & Gas Trade
12-09-2019

UAE can Play Major Role in India's Transition to Gas-Based Economy
The United Arab Emirates can play a major role in India’s ambitious transition from hydrocarbon economy to a gas-based economy as the two countries are "enjoying an excellent relationship," according to an Indian minister.
Oil & Gas Trade
12-09-2019

U.S. briefly overtakes Saudi Arabia as top oil exporter: IEA
Global oil demand is weathering economic headwinds, the International Energy Agency (IEA) said on Thursday, buoyed by lower prices brought on by abundant supply as the United States briefly dethroned Saudi Arabia as the world’s top exporter.
LNG
12-09-2019

Nigeria LNG Signs EPC LOI for Train 7 with An International Consortium
Nigeria LNG has signed a Letter of Intent (LOI) for the engineering, procurement, and construction (EPC) of Train 7 with an international consortium.
Oil & Gas Trade
12-09-2019

Iran Says Tanker Oil Sold at Sea, Buyer Sets Destination
Iran’s envoy to London said on Wednesday the oil cargo of tanker Adrian Darya 1 was sold at sea to a private company, denying Tehran had broken assurances it had given over the vessel, but he insisted EU’s Syria sanctions did not apply to Tehran.
Oil & Gas Trade
10-09-2019

Saudi Arabia´s New Energy Minister Reportedly Endorsed Curbing Oil Output
Saudi Arabia´s new energy minister Prince Abdulaziz bin Salman on Monday reportedly endorsed curbing oil output to address an oversupply, as major producing nations prepare to deliberate fresh cuts.
Oil & Gas Trade
06-09-2019

Exxon Mobil Agreed to Sell Its Norwegian Oil and Gas Assets at $4 billion
Exxon Mobil has agreed to sell its Norwegian oil and gas assets for up to $4 billion, ending its production in a country where it started operations more than a century ago, three sources familiar with the matter told Reuters on Thursday.
Oil & Gas Trade
03-09-2019

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 remain strong at nearly $500 million a month, shipping data and Reuters calculations show.
Oil Price
02-09-2019

Russian Economy will not be Under Serious Pressure Even if Oil Prices Drop to $40
The Russian economy will not be under serious pressure even if oil prices drop to $40 per barrel, Russian Economic Development Minister Maksim Oreshkin said.
Oil Price
02-09-2019

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 demand for crude.
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.

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