Gas trade

Oil & Gas Trade

Crude Cuts: Nigeria to Earn $10.61bn in Eight Months

Nigeria may earn about $10.61bn from crude oil sales between May and December this year following latest decision by members and non-members of the Organisation…

Oil & Gas Trade

Here Is The "Secret Weapon" That Allowed Tiny Oil Producer Mexico To Defy Giant Saudi Arabia

Mexico's annual spending on its hedge with Wall Street banks is shown in the chart below.

Oil & Gas Trade

Trump Confirms U.S. Will Help Mexico Out With Production Cuts

U.S. President Donald Trump on Friday confirmed that the United States would “help Mexico along” in achieving the production requests that OPEC+ has asked it …

Oil & Gas Trade

Iran doesn't Agree with Holding OPEC+ Meet Without Clear Outcome

Iran’s Oil Minister, Bijan Zanganeh, said his country does not agree with holding any OPEC+ meeting in the absence of a clear proposal and expected outcome fro…

Oil & Gas Trade

Gas Prices Drop in West Virginia as Demand Hits Nearly 30-Year Low

AAA reports that the average price of gasoline across northern West Virginia is 5 cents cheaper this week at $1.851 per gallon.

Oil & Gas Trade

Trump Says 'Doesn't Care About OPEC', Will Put Tariffs on Oil Imports If He Has to

President Donald Trump said on Saturday that he "does not care about OPEC" and that he will put tariffs on oil imports to the United States if he has to in orde…

Oil & Gas Trade

Tunisia and Algeria to Sign a 10 Year Gas Supply Deal

Tunisia and Algeria are to sign a 10 year gas supply deal according to the governments of Tunisia and Algeria represented by their respective Energy and Mines M…

Oil & Gas Trade

Saudi Arabia and Russia Signal Readiness to Cooperate on Oil

Saudi Arabia and Russia signalled on Thursday they were ready to cooperate to help stabilise the oil market after calls with U.S. President Donald Trump to disc…

Oil & Gas Trade

Showing Honest Solidarity and Working Remotely ElektroMotion Series Being Supportive Technology

Recently industrial activity has been substantially reduced and labor forces worldwide have been affected heavily.

Oil & Gas Trade

India's Top Refiner Declares Force Majeure On Oil Imports From Saudi Arabia

Indian Oil Corp (IOC), the country’s biggest refiner and fuel retailer, has declared a force majeure on oil imports from some of its top oil suppliers, includi…

Oil & Gas Trade

Australia's Woodside Slashes $2 bln in Spending, Delays Key Gas Projects

Woodside Petroleum has halved its 2020 spending forecast and delayed the start of two of its biggest gas projects.

Oil & Gas Trade

Demand Destruction Foils Saudi Arabia’s Plan To Flood Europe With Oil

Saudi Arabia has promised a flood of cheap oil to Europe as it aims to hit its former ally Russia in its own backyard, but it looks like demand for the ultra-ch…

Oil & Gas Trade

Russia’s Unexpected Advantage in The Oil Price War

While the ruble is now at its lowest level against the dollar in four years, the cheaper ruble has a silver lining for Russia’s oil producers in the oil price …

Oil & Gas Trade

U.S. Goes Ahead With Oil, Gas Lease Sales Despite Price Crash

Despite calls for immediate suspension of oil and gas drilling lease sales on federal land amid slumping prices, the U.S. will hold lease sales this week in fou…

Oil Price

Russia Moves In On European Gas Markets As Oil Prices Crash

Russia sees a silver lining in the oil price collapse—it now believes that the oil price war will help it win the war for natural gas market share in Europe.