Gas trade

Oil & Gas Trade

Jet Fuel Crisis Will Hurt Oil Demand For Years To Come

A full recovery in jet fuel demand will probably have to wait until 2023, Bank of America (BofA) said in a recent commodities research report cited by The Natio…

Oil & Gas Trade

In the First Half of 2020, Uzbekistan's Natural Gas Production Fell by 17.1%

The National Statistics Committee of Uzbekistan said on Monday that from January to June this year.

Oil & Gas Trade

OnTurtle Makes Major Expansion With 88 Fuel Service Stations

OnTurtle, as part of its expansion plan developed together with its German supplier, BAYWA, has expanded its presence in Germany with 88 new fuel service statio…

Oil & Gas Trade

Sinopec Unit Sells Gas Pipeline Asset to PipeChina

China's new oil and gas pipeline company PipeChina has made its first purchase of gas infrastructure assets.

Oil & Gas Trade

Kuwait Heavy Oil Output to Hit 75,000 b/d by September

State-owned KPC's upstream arm KOC has been ramping up production from the South Ratqa heavy oil field and expects to reach its phase one plateau target of 60,0…

Oil & Gas Trade

Indonesia’s August Gasoline Imports Likely to Stay Low

Indonesia's gasoline imports are expected to remain low in August despite increasing driving activity in the southeast Asian country.

Oil & Gas Trade

US Crude Floating Storage Shifts Toward Asia

Adds US crude export pricing context.

Oil & Gas Trade

Saudi Oil Exports Down by Nearly $12 billion Year-on-year in May

The value of Saudi Arabia’s oil exports dropped by 65% year-on-year in May, or a fall of nearly $12 billion, official data showed on Thursday.

Oil & Gas Trade

What’s Next For Oil And Gas?

Oil demand has been decimated by Covid-19, bottoming in April at 76 million barrels per day, down 25% from 102 million barrels per day in December 2019.

Oil & Gas Trade

Chevron CEO Michael Wirth on Why Noble Energy Deal is Good for Shareholders

Chevron will buy Noble Energy in a $5 billion stock-swap deal, valuing Noble at 7.6 percent above its Friday close.

Oil & Gas Trade

Texas Oil Regulator Accuses Saudi Arabia and Russia of Dumping Crude on U.S. Markets

Urge the federal government to investigate and take appropriate action against Saudi Arabia and Russia for excessive crude dumping.

Oil & Gas Trade

Russia Delivers First Arctic Oil To Key Ally China

Ensuring a leading position in the exploration and development of the Arctic's huge gas deposits has long been a key part of President Vladimir Putin’s overall…

Oil & Gas Trade

Kuwait's Oil Sector Cancels Several Tenders & Projects to Cut Costs

Kuwait Petroleum Corporation and its subsidiaries have started to cancel a large number of unimportant tenders and contracts within the budget of the current fi…

United States

India to Create its First Overseas Oil Stockpile in US

India is moving to store oil in the US, the first time world’s third-largest oil guzzler is creating an emergency reserve abroad to take advantage of low price…

Mozambique

Total Secures $14.9 bn to Finance Mozambique Gas Project

French oil giant Total on Friday said it had signed a $14.9 billion financing agreement for a gas project in northern Mozambique.