Gas trade

Australia

OMV Petrom, Romgaz to Invest up to $4.4 Bln to Develop Romania Gas Project

OMV said Wednesday that its 51%-owned OMV Petrom and Romgaz will jointly invest up to 4 billion euros ($4.37 billion) to develop an offshore natural-gas project…

Oil & Gas Trade

Serbia Establishes Joint Gas Company With Hungary

President Aleksandar Vučić, President Katalin Novak, Prime Ministers Ana Brnabić and Viktor Orban attended the session of the Strategic Council of Serbia and…

Natural Gas

Future Developments in Midstream Natural Gas Investment: Focus on Asia Pacific

Gas Exporting Countries Forum (GECF)Galia FazeliyanovaEnergy Economics AnalystAt a Glance§ Continuing underinvestment or investment 'gap' in natural ga…

Oil & Gas Trade

Pakistan Exports Record 90,000 Tons of Fuel Oil in May

KARACHI: Pakistan shipped 90,000 tons of fuel oil in May 2023 to reduce a huge stock built up over the last several months amid low demand in the country, indus…

Oil & Gas Trade

Oil Sales Plunge by 40PC in May Amid Economic Slowdown

KARACHI: The month of May witnessed a staggering 40 percent decline in oil sales compared to the same period last year, as the country grapples with an economic…

Natural Gas

LPG Prices Slashed by RS37/KG for June

ISLAMABAD: The government on Thursday lowered the prices of liquefied petroleum gas (LPG) by 15.88 percent or Rs37/kg for domestic and commercial consumers for …

Oil & Gas Trade

Japan Gas Imports Fall to Two-Decade Low on Energy Savings Push

Source: Ship-tracking data compiled by Bloomberg; Ministry of Finance Japan(Bloomberg) -- Japan’s liquefied natural gas imports last month fell to the low…

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…

Oil & Gas Trade

China’s Fuel Oil Imports Soar Due to Curbing Bitumen Blend Intake

China's independent oil refiners are ramping up fuel oil imports to process into gasoline and diesel amid robust refining margins as ongoing cargo inspectio…

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…

Oil & Gas Trade

GECF’s Secretary General Commends UAE for COP28 Leadership, Anticipates Resounding Success

Doha, QATAR – 28 May 2023: The Secretary General of the Gas Exporting Countries Forum (GECF), HE Eng. Mohamed Hamel, held a virtual meeting today with HE …

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…