Gas trade

Oil & Gas Trade

Oil Prices Nosedive 8% on Trump Tariff Threat

Trump's vow to impose a 10% tariff on another $300 billion of US imports from China is worrying investors that a severe economic slowdown could eat into demand …

Oil & Gas Trade

Oil Slumps 7% As Trump Annouces Additional Tariffs on Chinese Imports

Oil prices plummeted more than 7% on Thursday, with the U.S. benchmark posting its worst day in more than four years, after President Donald Trump said he would…

Oil & Gas Trade

Decision to Sanction Iranian FM is Latest Blow by President Donald Trump

Iran accused the United States on Thursday of "childish behaviour" driven by fear after Washington imposed sanctions on its foreign minister, escalating tension…

Oil & Gas Trade

Due to US Sanctions of Iran Export Oil, Turkey's Energy Security will be Crucial

Turkey is aiming to become a $1 trillion economy by 2023. If the story of the country’s economic development is to continue, its energy security will be crucia…

Oil & Gas Trade

BP Said "Certainly Not Sending British Ships and Crews" Through the Strait of Hormuz

BP plc, the British oil giant that had to shelter one of its tankers in the Persian Gulf this month in fear it could be targeted by Iranian forces, is avoiding …

Oil & Gas Trade

Diesel Fuel Spill Occurs Offshore Chile

Chile is investigating a 40,000-liter diesel oil spill on an island on the far southern coast of Chilean Patagonia, the navy said on Saturday.

Oil & Gas Trade

Crude Oil Futures Were Higher During Mid-Morning Trade in Asia

Crude oil futures were higher during mid-morning trade in Asia Tuesday, amid an expected fall in US crude inventories last week, while market participants were …

Oil & Gas Trade

US Sanctions Have Taken 95% of Iranian Crude Oil Exports Off The World Market

In an appearance at The Economic Club of Washington, DC, Pompeo said sanctions, which were fully imposed in May, have had seemingly no impact on global crude oi…

Oil & Gas Trade

Britain' s Seizure of an Iranian Oil Tanker in Gibraltar is a Violation of the Nuclear Deal

Britain's seizure of an Iranian oil tanker in Gibraltar is a violation of the 2015 nuclear deal, Abbas Araqchi, a senior member of the team who negotiated the d…

Oil & Gas Trade

China’s Customs Authorities Show Iranian Oil Imports Declined Further in June

The latest figures issued by China’s customs authorities show Iranian oil imports declined further in June reaching a low of 208,205 barrels per day, down 60 p…

Oil & Gas Trade

Saudi Arabia is Looking to Raise the Capacity of its East-West Oil Pipeline to 7 Million Bpd

Saudi Arabia, the world’s top crude oil exporter and the largest oil producer in OPEC, is one of the few oil producers in the Middle East that have some altern…

Oil & Gas Trade

Excess Output and Slowing Domestic Demand Forces China to Export Petrol Cargoes

A wave of new production and slowing domestic demand have forced China to export petrol cargoes to Nigeria and Mexico as the Asian country ramps up petrol expor…

Oil & Gas Trade

​Venezuela Opposition Divided by Proposal for Iraq-Style 'Oil-for-Food' Program

A proposal to modify U.S. oil sanctions on Venezuela to allow crude exports to be bartered for food has divided the country’s opposition between those who say …

Oil & Gas Trade

China’s Relationship with Iran is Being Put to the Test After US Sanctions

China’s relationship with Iran is being put to the test after US president Trump slammed sanctions on Chinese state-run energy company Zhuhai Zhenrong for alle…

Oil & Gas Trade

Iran Foreign Minister Said Iran will Use its Best Efforts to Secure the Strait of Hormuz

Iran will secure the Strait of Hormuz and not allow any disturbance in shipping in the key oil transport waterway, Iranian Deputy Foreign Minister Abbas Araqchi…