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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

Crude
01-07-2019

Asia Sour Crude Market Mulls OPEC Deal, US Data
Sour crude spreads in Asia traded within a narrow range in mid-morning trading hours on Monday, as market participants weighed the benefits of a bullish OPEC deal against other geopolitical developments over the weekend.
Oil & Gas Trade
28-06-2019

India Stops Buying Iran Oil
Iran was the third largest supplier of crude to India, behind only Iraq and Saudi Arabia, but after the sanctions waiver granted to India in November expired last month, India was forced to look elsewhere.
Oil & Gas Trade
28-06-2019

The Oil Crisis Saudi Arabia Can't Solve
In reality, Aramco will not be able to keep the necessary crude oil and products volumes flowing to Asian and European markets in the case of a full Strait of Hormuz blockade.
Shale Gas
28-06-2019

Argentina's Shale Boom at Vaca Muerta Seems to be Finally Taking Off
Argentina's vast shale play Vaca Muerta has finally seen the first tangible results with the first exports of light crude oil and liquefied natural gas (LNG) from the resource-rich formation.
Oil & Gas Trade
27-06-2019

How will closing of Philadelphia Energy Solutions refinery affect gas prices?
The announced closure of the Philadelphia Energy Solutions refining complex will lead to higher gas prices for motorists, according to AAA Mid-Atlantic's Jana Tidwell.
Crude
27-06-2019

Dubai Sour Crude Steady, Awaits Further Cues From G20 Talks
Dubai sour crude structure in Asia was largely unchanged overnight as market participants looked to discussions between the US and China at the ongoing G20 summit for further cues on global trade strategy.
Oil & Gas Trade
26-06-2019

Saudi Aramco Signs Crude Supply, Storage, Refining Deals with South Korean Companies
Saudi Aramco and its affiliates signed 12 agreements with major South Korean companies on Wednesday to reinforce relationships with Asia's fourth biggest energy consumer, expand international operations, and support the region's energy security with the e
24-06-2019

Analysts Predict Oil Could Skyrocket to +$100-Per-Barrel If Iran-US War Breaks out
TEHRAN (FNA)- A full-fledged war between the US and Iran would immediately affect global crude prices, as the recent escalation of tensions in the Middle East has already shown, as the only question now is how high could crude go.
18-06-2019

The Permian Craze Is Fizzling … But Shale Oil Production Isn’t
The frenzied Permania that had oil and gas companies rushing to the O&G hotspot may be on the outs, but production in the industry’s number one basin has not, according to the US Energy Information Administration’s Drilling Productivity Report released.
18-06-2019

Supply Woes Keep Oil Prices Subdued
The fundamentals seem to be heading in the wrong direction for oil prices, with demand weakening even as supply continues to exceed expectations.
17-06-2019

Iran could Destabilise the New Normal in Oil Prices
Despite attacks on shipping in the Gulf and the continued instability across the Middle East, the oil market has settled into a new normal.
17-06-2019

Canada Can't Get Its Pipeline Problem Under Control
Alberta’s oil and gas industry has had a very, very rough year. With a major pipeline infrastructure deficit and major delays and setbacks for all new pipeline projects, with no end in sight in the near future, Canada’s once-prosperous oil sands are hurti
17-06-2019

Trump's Tariffs Disrupt USMCA And The U.S. Oil & Gas Boom
The U.S.-Mexican energy partnership helps explains why approving the USMCA deal is such an urgent priority.Unfortunately, the Trump administration has announced plans to impose a 5% tax on all goods imported from Mexico and these tariffs would potentiall
17-06-2019

Malta Freeport Hosts its First LNG-powered Container Ship
Malta Freeport Terminals has welcomed the first ever LNG-powered container ship to visit Malta during the vessel's maiden voyage from Asia to Rotterdam. Tourism Minister Konrad Mizzi, whose portfolio includes the Freeport Authority, visited the ship to ma
14-06-2019

Analysis: Asian Refiners May Trim Sour Crude Intake on Dubai Backwardation
The spread between the first and third-line Dubai crude swaps was assessed at $2.06/b on May 17 in Singapore, Platts data showed, the strongest backwardation since $2.13/b seen on October 31, 2013.
14-06-2019

Pakistan LNG Launches Tender for 240 Cargoes
According to Pakistan LNG's filing, the tender is for the delivery of 240 cargoes over a 10-year period, on a delivered ex-ship (DES) basis to the import facility at Port Qasim in Karachi.
13-06-2019

Russian Oil Extraction Hits Three Year Low
The contamination of Urals oil with chlorides and the subsequent suspension of the Druzhba pipeline, which accounts for 20% of Russia’s oil exports, has forced oil companies to drastically cut down on extraction.
Oil Refinery
13-06-2019

U.S. Crude Oil Refinery Inputs Increase Last Week: EIA
U.S. crude oil refinery inputs increased during the week ending June 7, the U.S. Energy Information Administration (EIA) said Wednesday.
13-06-2019

Shell Ships First LNG Cargo from Prelude FLNG from Australia
Targeting the Asian market, Royal Dutch Shell, along with its Joint Venture Partners Japan’s INPEX, South Korea’s KOGAS and US-based OPIC, announced on 11 June that the first shipment of Liquefied Natural Gas has sailed from Shell’s Prelude Floating Lique
11-06-2019

Shell Ships First LNG from World’s Largest Offshore Facility Prelude
The Prelude floating liquefied natural gas vessel lies nearly 300 miles off Western Australia, stretching out the length of four football fields end to end.
05-06-2019

Nonstop Records for U.S. Natural-Gas-Based Electricity
As the hot months linger, it will be natural gas that is leaned on most to supply the electricity that we need to run our air conditioners and keep us cool.
23-05-2019

Oil Prices Are Falling Because Fears of a Glut in Supplies Are Growing
Oil prices dropped on Wednesday after the U.S. Energy Information Administration released data that showed oil supplies have been building.
23-05-2019

Russia: Clean Crude Oil To Reach Slovakia, Hungary Within Week
Russia also continues negotiations with Poland in view of restarting the crude oil flow via the pipeline to the Adamova Zastava station, Russian media quoted the country’s energy ministry as saying in a statement.
22-05-2019

One Country That Could Win Big From The U.S., China Trade War
Australia is poised to fill the gap for China, with its booming LNG sector well positioned. Last year, China imported 23 million tons of LNG from Australia, which made up about 42 percent of Australia’s exports. That figure could be increasing.
19-04-2019

EU And Britain Condemn US Oil And Nuclear Sanctions On Iran
The United States' allies in Europe have criticised its recent decisions to restrict oil trade with Iran and to limit the extension of waivers.

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