Gas trade

Oil & Gas Trade

Iraq Freezes Crude Prepayment Deal with China’s Zhenhua

Iraq has frozen a five-year crude prepayment deal with Chinese state-owned trading firm Zhenhua because of rising oil prices, oil minister Ihsan Abdul Jabbar Is…

Oil & Gas Trade

Qatar's LNG Megaprojects Are Making Markets Increasingly Competitive

Qatar Petroleum’s recently set a new record for the largest LNG export project ever.

Oil & Gas Trade

U.S. will Import 62% more Crude by 2022 Due to Domestic Production Declines, Says EIA

Throughout much of its history, the United States has imported more petroleum than it has exported.

Oil & Gas Trade

China Is Fueling The Global Crude Oil Demand Recovery

The world’s top oil importer, China, significantly boosted its crude oil imports at the start of the year compared to the end of last year, helping to support …

Oil Price

Oil Falls Again as Opec and IEA Caution Ends Rally

Brent crude was down 0.8% at $60.67 a barrel on Friday

Oil & Gas Trade

Nigeria's Crude Oil Exports Hit Three-Year Low

West Africa's oil exports slumped to the lowest level in at least three years last month as infrastructure woes for some of Nigeria's biggest streams combined w…

Oil & Gas Trade

Petrobras Opens 2021 with Record Oil Exports

Brazil's state-controlled Petrobras says crude exports through its Angra dos Reis terminal reached a record 19.3mn bl in January, the extension of an upward tre…

Crude Oil

Iraq Raises Crude Oil Exports In January

Iraq’s oil exports increased slightly in January 2021 compared to December 2020, data from the country’s oil ministry showed on Monday, suggesting that Iraq i…

Crude Oil

Belarus to Raise Export Duties on Oil

Belarus will raise export duties on oil and oil products for destinations outside the Eurasian Economic Union, on Feb. 1, 2021, the government said in a stateme…

Oil Exploration

Exxon and Chevron CEOs Discussed Potential Merger

Talks were "preliminary" and are not ongoing, but could be rekindled later.

Oil & Gas Trade

IMF Sees Oil Prices Averaging $50 In 2021

Oil prices are set to average $50 per barrel for 2021, rising by 20 percent from the average last year, but still well below the average for 2019

Crude Oil

Iran Claims it is Ramping up Oil Production to Pre-Sanctions Levels

Iran's output fell following US sanctions in 2018 over its nuclear ambitions

Oil Price

Price Dispute Shrinks Russia Oil Pipeline Exports

Exports of Russian Urals oil via the Druzhba pipeline have dropped this month as sellers opt for the sea route instead, following disagreements over pricing wit…

Oil & Gas Trade

Uzbekistan to Open up Electric Power, LPG Markets Amid Shortages

Uzbekistan exports natural gas, mostly to China, but it has experienced shortages this winter, prompting cuts to export shipments and discontent among household…

Oil & Gas Trade

Algeria's Oil and Gas Exports and Output Down Around 10% in 2020

Overall energy output fell 10 per cent to 142 million tonnes of oil equivalent, hit by restrictions linked to the coronavirus pandemic, it said in a report.