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Gas trade
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.
Oil & Gas Trade
Oil’s Demand Plunge Doing More Damage than The Price War
Imagine U.S. President Donald Trump makes a deal with Saudi Arabia and Russia to cut oil production. Envisage Washington, Moscow and Riyadh going big, each cut…
Oil & Gas Trade
Energean Secures Gas Prices for 70% of Output
Israeli gas-focused company Energean said Tuesday it’s well-placed to weather the challenges currently posed to the industry.
Oil & Gas Trade
Papua New Guinea LNG Sells Cargo at $4/MmBtu
ExxonMobil sold a shipment of liquefied natural gas in April for nearly $4 per million British thermal units.
Oil & Gas Trade
Azerbaijan's BTC Pipeline Jan-Feb Oil Exports Down 7.3 Per Cent yr/yr
Azerbaijan's total oil exports in January-February totalled 6.271 million tonnes, about 80 per cent through the BTC.
Oil & Gas Trade
PetroVietnam Says Considers Stockpiling Oil Amid Low Prices
Vietnam Oil and Gas Group, known as PetroVietnam, said on Wednesday it was considering stockpiling crude oil amid low prices while exploring measures to cope wi…
Oil Price
Russia Sees Oil & Gas Income Fall By Almost $40 Billion
Russia’s revenues from oil and gas will be US$39.5 billion (3 trillion rubles) lower than planned, due to the tumbling oil prices, Russian Finance Minister Ant…
Oil & Gas Trade
China's Major Oilfields Maintain Pace Amid Oil Crash
Crude oil prices dropped below break-even operating expenses for Chinese oil companies, but major oil fields have maintained stable production. Faced with press…
Oil & Gas Trade
Venezuela Looks To Play Mediator Between OPEC And Russia
Venezuela is in discussions with OPEC and Russia about the current oil price collapse, Nicolas Maduro said on Thursday at a press conference shown on Twitter, a…
Oil & Gas Trade
Worldwide Oil Price Drop to Curb Turkey's Gas Import Costs by 30%
The drop in oil prices could lead to a 30% decrease in Turkey's long-term natural gas contracts with Russia, Iran and Azerbaijan, experts predict.
Oil & Gas Trade
The World’s Biggest Oil Trader Negotiates Venezuela Oil Purchase
The largest independent oil trader in the world, Vitol Group, is discussing the purchase of Venezuelan crude oil from a Mexican firm that had received the crude…
Oil & Gas Trade
Oil Crisis Deepens in Libya as Losses Exceed $3 billion
The oil crisis in Libya is deepening as a blockade of the country’s vital oil fields generated losses of more than $3 billion, the national oil corporation ann…
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