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Gas trade
Oil & Gas Trade
Iraq Confirms $2bn Oil Prepayment Agreement with Chinese Firm
The Chinese firm will pay for a full year's worth of crude prior to loading shipments
Oil & Gas Trade
New Year OPEC+ Meeting to Decide Oil Production Levels
The OPEC+ ministerial meeting comes after oil consumption tanked in 2020 due to the Covid-19 pandemic and a price war between Saudi Arabia and Russia.
Oil & Gas Trade
ExxonMobil and Vopak Sign MoU for South Africa’s LNG Feasibility
Affiliates of Exxon Mobil Corporation and Royal Vopak (Vopak) have signed a Memorandum of Understanding to work together on a feasibility study to assess the co…
Oil & Gas Trade
Iran To Buy Covid Vaccines With Income From Gas Exports To Iraq
Iran will use part of the proceeds from its electricity and natural gas exports to Iraq to buy COVID-19 vaccines from Europe.
Oil & Gas Trade
Angolan Crude Exports Confirmed Lower in February
The final version of Angola's February crude loading programme sets exports at 1.13mn b/d, down from 1.18mn b/d scheduled for January.
LNG
China’s Sinopec Plans Record LNG Imports to Battle Cold Snap
Sinopec Corp pledged on Tuesday to maximise domestic gas productions and raise imports of liquefied natural gas to record rates as a cold spell hitting large pa…
Oil & Gas Trade
Minister Says Iran Welcomes Russian Companies' Investment in Oil Sector
Iran's Minister of Petroleum Bijan Namdar Zanganeh invited Russian companies to invest in his country's oil industry.
Crude Oil
Iraq Works to Boost Southern Crude Export Capacity
Iraq's oil ministry is working to boost the country's crude oil storage capacity at the southern port of al-Faw as part of plans to nearly double its southern o…
Crude Oil
Rystad Expects 2021 to Bring Largest Crude Deficits in Years
The Covid-19 pandemic has devastated crude and condensate demand in 2020, creating massive supply surpluses and filling up inventories, causing producers to sla…
Crude Oil
Russia’s Crude Oil Exports Drop 10% In January-October
Due to lower demand and the OPEC+ deal, Russia’s crude oil exports declined by 10.4 percent in volume year over year in January to October, data from the Russi…
Oil & Gas Trade
Gazprom lifts Ukraine January Gas Transport Bookings
Russia's state-controlled Gazprom has booked considerably more gas transport capacity through Ukraine for January, although overall booked capacity is still set…
Crude Oil
China Issues Higher Oil Import Quotas For 2021
China has issued the first round of crude oil quotas for next year, and it is 18 percent higher than the respective round for 2019, citing unnamed sources in th…
Oil & Gas Trade
China Issues 122.59 mln T in 1st Round of Oil Import Quotas
Beijing had said inThe ZPC plant last month started operations at a 200,000 barrel per day (bpd) crude processing unit.
Oil & Gas Trade
Pakistan Arranges 12 LNG Cargoes for January
In order to meet the energy demand of the country, the government has arranged 12 LNG cargoes for January 2021, informed the Petroleum Division on Saturday.
Crude Oil
Belarus Suspends Klaipeda Oil Product Exports
Belarus appears to be halting oil product exports through the Lithuanian port of Klaipeda in what may be a politically-motivated move.
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