Crude

Oil & Gas Trade

Saudi Diesel Imports From Russia, Exports to Singapore Hit Records

Leading crude exporter Saudi Arabia is maximising refining profits by importing unprecedented amounts of cheap Russian diesel and in turn shipping record volume…

Crude Oil

Asia’s Crude Imports Jump in May as China, India Suck up Russian Oil: Russell

LAUNCESTON, Australia, May 29 (Reuters) - Asia's imports of crude oil are on track for a strong rebound in May as the region's two biggest buyers, China…

Oil & Gas Trade

Saudi Arabia Imports Russian Oil, Sends Its Own Supplies to EU

A report by Bloomberg shows that Saudi Arabia has become Europe's largest oil supplier as Riyadh buys record amounts of Russian crude oil for domestic use.S…

Crude Oil

Russia Ready to Support Gasoline Export Restrictions

Russia's Federal Antimonopoly Service (FAS) is ready to support restrictions on the export of gasoline if such a mechanism is proposed, the Interfax news ag…

Crude Oil

Saudi Oil Minister Warns Market Speculators to ‘Watch Out’ Ahead of OPEC+ Meeting

Saudi Oil Minister Prince Abdulaziz bin Salman on Tuesday told market speculators to watch out, reiterating his warning that they could face pain ahead.Speculat…

Oil & Gas Trade

Iraq, Russia Commit to OPEC+ Oil Production Cuts

A worker at Iraq’s Majnoon oilfield near the southern Iraqi city of Basra. Photo: ReutersBaghdad (IraqiNews.com) – The Iraqi Minister of Oil, Hayan …

Crude Oil

Shell Buys More Australian Gas

Denison Gas supplying volumes from Queensland operationsShell Energy Asia has signed a gas sales agreement (GSA) to buy additional volumes of conventional and n…

Crude Oil

Expert Commentary the Role of Natural Gas in Powering Africa’s Future

Abubakar AbbasSenior Energy Forecast AnalystGas Exporting Countries Forum (GECF)Alexander ErmakovEnergy EconometricianGas Exporting Countries Forum (GECF)1 - In…

Crude Oil

Iran, Russia Sign 10 Oil Cooperation Deals

Iran and Russia on Wednesday signed 10 documents for cooperation in the oil industry in the Iranian capital Tehran, according to Shana News Agency affiliated to…

Crude Oil

U.S. Department of Energy Soliciting Bids for Crude Oil to Replenish Petroleum Reserve

(Bloomberg) – The U.S. is soliciting bids for up to 3 MMbbl of sour crude oil to refill its depleted Strategic Petroleum Reserve.crude oil reserve tanks a…

Crude Oil

Saudi Crude Exports Falling in May After April Jump

Saudi Arabia's crude oil exports have been falling in May, according to figures from two companies that monitor the shipments, as a voluntary production cut…

Crude Oil

Tight Market for Sour Crude Oil to Squeeze US Gulf Coast Refiners

Sour crude oil supplies for US Gulf Coast oil refiners will be squeezed in coming weeks, market participants said, as global demand rises following this month&#…

Crude Oil

Adnoc to Supply Full Crude Volumes to Asian Buyers in July

The Abu Dhabi National Oil Company (Adnoc) has informed at least three buyers in Asia that it will supply full contractual volumes of crude in July, steady from…

Natural Gas

GWC Energy Created to Bolster Global Oil and Gas Industry

Sheikh Abdulla Bin Fahad Bin Jassem Bin Jaber Al ThaniQatar’s logistics leader, GWC Group has floated a new subsidiary, GWC Energy, which is set to become the …

Oil Price

Oil Prices Inch up as Recession Fears Begin to Fade

By Sudarshan VaradhanSINGAPORE (Reuters) - Oil prices rose slightly in early Asian trade on Monday as fears of a recession in the U.S., which drove prices down …