Gas

Market Analysis

Analysis: Wind Energy Expansion Would have $27 Billion Economic Impact in the U.S.

Wind, which generates less greenhouse gas emission than burning fossil fuels, is making up an increasing share of the energy production portfolio in the United …

Solar Company

Total Eren Presents EIS for 150-MW PV Project in Chile

Paris-based independent power producer Total Eren SA is seeking to secure the environmental permit for the 150-MW Santa Isabel II solar photovoltaic project it…

Oil Price

What’s Next For Oil As Prices Go Negative?

Oil prices crashed through zero, closing out the day at -$37 per barrel, an unprecedented meltdown.

Oil & Gas Trade

Will Look into Halting Oil Import from Saudi Arabia, Says Trump

US President Donald trump said on Monday that the us would consider stopping oil imports from Saudi Arabia.

Crude Oil

China Doubled Crude Oil Storage Inflows During Coronavirus Demand Hit

China pushed crude oil into storage tanks almost twice as fast in the first quarter of this year as it did in the same period in 2019.

SINOPEC

LNG Tanker Maran Gas Vergina to Discharge First US Cargo in China in 13 Months

The tanker Maran Gas Vergina has arrived in China with the first delivery of US liquefied natural gas in 13 months.

Oil Price

Oil Price Plunges to 22-Year Low on Concerns Over Storage, Weakening Economies

Oil prices fell Monday, with a U.S. crude futures contract hitting its lowest level since 1998.

Oil & Gas Trade

U.S. Natgas Trading at Parity with Oil after Crude Price Collapse

The rapid collapse of U.S. oil futures this year caused crude’s premium over natural gas to drop to near parity on.

Oil Price

Oil Price Collapses to Below Zero as Demand Takes a Dive During Pandemic

A key sector of us oil trading collapsed on Monday.

Oil & Gas Trade

African Oil Producers to Readjust Fuel Production in Line with OPEC Advisory

APPO members have committed to cutting daily oil production to 10 million barrels a day, with effect from May 1 2020.

LNG

Construction of First Gas Storage Cluster Begins in Western China

The construction of China's first natural gas storage cluster has begun in the west of the country, with total investment reaching 7 billion yuan ($990 million)…

Oil Price

Russia & Saudi Arabia Ready to Make Deeper Joint OPEC+ Output Cuts to Boost Oil Prices

According to the Russian Energy Ministry, both countries are firmly committed to fulfilling the OPEC+ deal on cutting oil output.

Crude Oil

OPEC Still has an Important Role to Play in Global Oil Market

Scan Western news about OPEC from the last few years, and a common observation tends to appear: OPEC had a huge influence on the global oil market back in the d…

Oil Price

Oil Plummets 21% to 21-Year Low as Sinking Demand Spurs Uncertainty Around Storage

Oil prices fell to a 21-year low on Sunday night as uncertainty over a supply glut intensified.

Oil Price

Oil Prices Hit $15 For The First Time In 21 Years

A gruesome combination of crumbling demand for crude and global storage filled to its brim has pushed oil prices to levels not seen in over two decades.