Oil

Oil & Gas Trade

Iran: Foreign Oil Firms Must Accept New Terms To Work In Country

Foreign energy firms and contractors have to accept Iran’s new terms and conditions if they return to work in the country, Iran’s Oil Minister Bijan Zanganeh …

Net Zero Emission

Top Global Oil Exporter Saudi Arabia Launches Car-Free, Zero Carbon Emissions City

Prince Mohammed bin Salman said in televised remarks that the city, which will be capable of housing one million residents, would comprise "carbon-positive urba…

Crude Oil

OPEC Crude Output Cuts Should Help U.S. Shale Profits in 2021

U.S. crude oil production has fallen 2 million barrels per day in the last year as low prices and demand forced shale producers to cut their losses

Market Analysis

Wood Mackenzie reveals energy sector’s top ten trends in 2021

Wood Mackenzie analysts on what we should expect in energy in the coming year, from oil markets to solar costs and coal exports to EVs.

Oil & Gas Trade

China Trade War on Itself Sends LNG Prices Mad

Strong consumer demand, lower-than-expected temperatures across northeast Asia and a severe shortage of prompt LNG supplies and spot tanker availability have co…

Oil Price

How Will Biden’s Presidency Impact South America’s Oil Boom?

Much has been made of President-elect Joe Biden’s energy policies and the negative impact they will have on the U.S. oil industry, which is laboring to survive…

Crude Oil

Floating Oil Storage Shrinks Amid Robust Asian Demand

Global floating oil storage declined at a fast pace in December as traders sold crude held on tankers in the absence of price incentives to store it and in orde…

Crude Oil

Petrobras Sets Oil Production Record in 2020

Robust Chinese demand for pre-salt crude buoyed Brazil' state-controlled Petobras in 2020, helping spur record output of 2.28mn b/d of oil.

Oil Pipeline

China Gas Pipeline in Northern Guangdong Begins Operations

China Petroleum & Chemical Corp, or Sinopec, said a 238-kilometre natural gas pipeline in the northern part of China's southern province Guangdong has started o…

Crude Oil

Japan Imported 19 million Barrels of Crude Oil from the UAE in November

Japan imported 19 million barrels of crude oil from the UAE in November 2020, accounting for 27.5 percent of Japan's total crude oil imports that month.

Oil & Gas Supply

Belarus Secures Russian Oil and Gas Supplies for 2021

The details of the bilateral deal, however, do not appear to reflect any sort of compromise by both sides.

Crude Oil

IRAQ DATA: Dec Oil Production up 4.7%, Breaching OPEC+ Quota

OPEC's second-largest producer had a 3.804 million b/d quota for December under the OPEC+ deal.

Natural Gas

Russia Doubles Pipeline Gas Contract Supplies to China

Natural gas deliveries from Russia to China through the Power of Siberia 1 pipeline have risen sharply, doubling contracted pipeline gas supplies to a rate of 1…

Coal Technology

Researchers Turn Coal Powder into Graphite in Microwave Oven

Using copper foil, glass containers and a conventional household microwave oven, University of Wyoming researchers have demonstrated that pulverized coal powder…

Oil & Gas Trade

Gladstone December LNG Exports Hit Record High

LNG exports from the three liquefaction plants located on Curtis Island off Gladstone hit a new high in the last month of 2020.