Gas trade

Oil & Gas Trade

Ip Signs Deal to Buy Exxonmobil’s Fuel and Refining Assets in Italy

The Italian private petroleum company Italiana Petroli (IP) has signed an agreement to purchase fuel and refining assets owned in Italy by Esso Italiana, a subs…

Oil & Gas Trade

New Petrobras’ FPSO Begins Production

Brazilian oil and gas company Petrobras has put into operation its new floating, production, storage and offloading (FPSO) vessel P-71, ahead of the expected st…

Oil & Gas Trade

China's November Diesel, Gasoline Exports Jump To Highest In Over A Year

SINGAPORE, Dec 18 (Reuters) - China's diesel and gasoline exports continued to surge in November, hitting their highest levels since June and May 2021 respe…

Oil & Gas Trade

Aramco, Sinopec and Sabic Plan Mega Projects In KSA, China

Mohammed Y Al QahtaniSaudi Aramco, China Petroleum and Chemical Corporation (Sinopec) and Sabic will explore setting up a petrochemical complex to be integrated…

LNG

ICE Warns It Could Relocate Gas Trading Out Of EU If Bloc Caps Price

A screen displays the ticker symbol and logo for Intercontinental Exchange Inc. (ICE) on the floor of the New York Stock Exchange (NYSE) March 1, 2016. REUTERS/…

Oil & Gas Trade

Oil Rises, Poised To End Week Higher Despite Economy Concerns

Dec 15 (Reuters) - Oil prices rose in early Asian trade on Friday after falling 2% in the previous session on central bank interest rates hikes, and is poised t…

Oil & Gas Trade

New UK Prime Minister Opposes Windfall Tax on Energy Companies

UK's new Prime Minister Liz Truss said she was against the windfall tax on oil and gas companies operating in the UK.

LNG

Australia’s Santos to Proceed With $2.6 Bln Alaska Oil Project

Santos Ltd will proceed with its $2.6 billion Alaskan oil project, the Australian energy producer said on Wednesday after posting a four-fold jump in first-half…

Crude Oil

The Burgeoning Energy Partnership Between Azerbaijan and the EU

As the European Union continues to pursue new sources of energy to replace Russian oil and gas, it is expanding its energy partnership with Azerbaijan.

Oil & Gas Trade

How Much Russian Oil is Europe Importing?

Russia was the largest supplier of petroleum to Europe in 2021, according to a new report.

Oil & Gas Trade

Shell’s Profit Soars on Higher Oil and Gas Prices

Oil major Shell booked a huge profit in the first quarter of the year on the back of higher oil and gas prices despite taking a charge due to its phased exit fr…

LNG

UK’s Gas Imports From Russia Increased by 37% in 2021

Russia was the fourth-most imported source for the UK last year, according to official data.

Oil & Gas Trade

Possible to Pay for Russian Gas While Complying with Sanctions - Uniper

Uniper, Germany's main importer of Russian gas, on Monday said it would be possible to pay for future supplies without breaching European Union sanctions even t…

Oil & Gas Trade

French Election Could Make or Break EU Russia Oil Ban

The outcome of this weekend's French presidential election could make or break the chances of EU unanimity for a ban on Russian energy imports, with challenger …

LNG

Energy Spending to Hit Record High of over $2t in 2022: Report

​Global energy spending in 2022 is expected to reach a record high of more than $2t, driven by the surging oil, gas and power prices, Rystad Energy projected.