Gas trade

Oil & Gas Trade

PGNiG to Supply LNG to LG Electronics in Poland

Polish oil and gas company, PGNiG, has announced a new deal to supply liquefied natural gas (LNG) to South Korean electronics manufacturer, LG Electronics.

Oil & Gas Trade

Russia to Solidify Position as World's Largest Natural Gas Exporter Over Next 5 Years

Russia is projected to continue strengthening its position as the world’s leading exporters of natural gas over the next five years as its production growth wi…

Oil & Gas Trade

Oil Price Climbs to $42 as China's Imports Hit All-Time High

Oil prices climbed on Monday after OPEC+ agreed to extend a deal on record output cuts to the end of July and as China’s crude imports hit an all-time high in …

Oil & Gas Trade

US Sanctions Four Shipping Firms for Transporting Venezuelan oil

The US Treasury Department on Tuesday said it had sanctioned four shipping firms for transporting Venezuelan oil, the latest escalation in Washington's effort t…

Oil & Gas Trade

Mexican Firm in Oil Swap with Venezuela Declares Bankruptcy

A Mexican firm that was instrumental in an oil-for-water swap scheme with the Venezuelan government has declared bankruptcy.

Oil & Gas Trade

U.S. LNG Exporters Face New Test as China Tensions Resurface

U.S.-China tensions have bubbled up again, and commodity markets could be caught up in the turmoil, not least LNG.

Oil & Gas Trade

Iran Ready to Send More Fuel to Crisis-Stricken Venezuela

Iranian Foreign Ministry spokesman Abbas Musavi says Tehran will continue to export fuel to Venezuela if the South American country requests more supplies.

Oil & Gas Trade

Putin, Trump Discuss G7 Summit, Oil Markets Over Phone

Russian President Vladimir Putin spoke by phone with U.S. President Donald Trump at the initiative of the United States.

Oil & Gas Trade

Two Iranian Tankers Sail Back After Delivering Fuel to Venezuela

Two Iranian tankers that delivered fuel to Venezuela as part of a five-vessel flotilla have begun to sail back, according to Refinitiv Eikon, as the government …

Oil & Gas Trade

Kurdistan Requests Gas Supply From Iran

The semi-official Iranian news agency, Ilna, reported on Saturday that Kurdistan Region requested to gas supply from Iran to meet its needs.

Oil & Gas Trade

Oil Surges 5% Falling Crude Output

Oil prices soared on Friday, with U.S. futures closing out May with record monthly gains.

Oil & Gas Trade

CNOOC Waives Pre-Emption Rights on Delayed Ugandan Oil Project

Chinese state oil giannt CNOOC has waived its right to pre-empt the sale of a major oil field farm-out deal in Uganda to France's Total, project partner Tullow …

Oil & Gas Trade

Russia Overtakes Saudi Arabia as the Largest Oil Exporter to China

Russia last month overtook Saudi Arabia as China's biggest supplier of crude oil, exporting 1.75m barrels a day to China on average, compared with Saudi Arabia'…

Oil & Gas Trade

Iranian Oil Tanker Arrives at Venezuela's Largest Refinery

One of five Iranian tankers carrying much-needed gasoline and oil derivatives arrived Tuesday at Venezuela's main oil refinery, officials said.

Oil & Gas Trade

Which Oil Major Is Best Prepared For The Future?

European oil supermajors are slashing costs but sparing their renewable energy business. U.S. giants are cutting across the board and focusing on their core bus…