Gas trade

Oil Price

Saudi Arabia's Oil Exports Climb 147 per cent to $16 billion in May

The value of Saudi Arabia's oil exports in May increased 147 per cent to just over 60 billion riyals from a year earlier while non-oil exports rose by 70 per ce…

Oil & Gas Trade

Value Of Saudi Oil Exports Jumps 147% In May

Higher oil prices and higher exports resulted in a 147-percent jump in the value of Saudi Arabia’s oil exports in May 2021 compared to May 2020。

Oil & Gas Trade

UK Gas Exports to EU to Stay Low

UK gas flows to the EU could stay minimal in August-September, as almost all surplus gas could be added to mid-range storage.

Crude Oil

Pakistan: Crude Oil Imports Surge 317pc in May

Imports of crude oil increased by a whopping 317 per cent in May which translated into higher than expected production of petroleum products by local refineries…

Oil & Gas Trade

Israel Freezes UAE Oil Deal Over Environmental Concerns

The environmental protection ministry says the risk assessment ‘did not meet the conditions’ stipulated by the ministry.

Oil & Gas Trade

Iraq to Sell Lebanon 1 mil mt/year of Heavy Fuel Oil in Barter Deal

Iraq has agreed to sell Lebanon 1 million mt/year of heavy fuel oil in return for "goods and services" in a barter deal that should help OPEC's second-biggest p…

Energy Investment

Honduras Spends 52% more on Oil Imports in First 5 Months 2021

he increase in the oil bill in the first five months of 2021 is due to the rise in the international price of oil, influenced by the reactivation of the economi…

Oil & Gas Trade

Italian LNG Imports Fall on Quick Algerian Piped Supply

Italy's LNG receipts have fallen sharply since the start of the 2020-21 gas year, displaced by brisk Algerian pipeline take.

Crude Oil

Russia Weighs Gasoline Export Ban

Russia is ready to introduce a ban on gasoline exports as soon as next week amid record-high wholesale prices on the exchange.

Crude Oil

China Taps Into Crude Reserves To Curb Oil Price Rally

The world’s top oil importer, China, has started to release more than 20 million barrels of crude oil from its strategic reserve in a move seen as seeking to c…

Crude Oil

U.S. Crude Oil Exports Reached Record Levels in 2020, Remain High in 2021

Despite volatility in global oil markets, U.S. crude oil exports reached a record high in 2020.

Natural Gas

Pakistan, Russia Sign Gas Pipeline Agreement

The governments of Pakistan and Russia have signed a preliminary agreement for the construction of the 16.5bn m³/yr Pakistan Stream Gas pipeline, which could a…

Oil Pipeline

China & Nord Stream-2 Top Agenda As Biden Meets Merkel

The two sides are hoping to mend deeply strained relations ahead of Germany's election in ten weeks.

LNG

Gas Import Options Expanding for China

China is poised to become the top global liquefied natural gas importer this year, bypassing current leader Japan

Oil & Gas Trade

Saudi, Oman Call for Continued Oil Cooperation Between OPEC and Allies

Saudi Arabia and Oman called on Monday for continued cooperation between OPEC and other allied producers to stabilise and balance the oil market.