Gas trade

Oil & Gas Trade

How a Saudi-Russian Standoff Sent Oil Markets Into a Frenzy

Moscow refused to accept production cuts to offset the effect of the coronavirus outbreak. Now Saudi Arabia is trying an alternative: inflicting pain.

Oil & Gas Trade

IEA: Oil Demand To Drop For First Time Since 2009

Global oil demand is set to drop this year for the first time since the financial crisis in 2009, the International Energy Agency (IEA) said on Monday, as it sl…

Oil & Gas Trade

Aramco Shares Fall 9%; Below IPO Price for First Time as OPEC Pact Unravels

Shares of Saudi state oil company Aramco (2222.SE) slumped below their initial public offering (IPO) price on Sunday for the first time since they began trading…

Oil & Gas Trade

Saudi Arabia to up Oil Production after Opec Deal Falls Through

World’s largest oil exporter Saudi Arabia is planning to ramp up production to nearly 11m barrels a day in April after the three year alliance between oil cart…

Oil & Gas Trade

Kazakhstan in Talks with PetroChina after Force Majeure on Gas Supplies

Kazakh natural gas exporter Kaztransgas is discussing further gas supplies with PetroChina after it issued a force majeure notice citing the coronavirus outbrea…

Oil & Gas Trade

CNOOC Has Fully Resumed, Recovering From the Effect of Coronavirus

On March 6, the reporter learned from China National Offshore Oil Corporation that, with full coordination efforts, up to now, CNOOC's projects under constructi…

Oil & Gas Trade

OPEC+ Stuck Yet Again as Saudi Arabia and Russia Disagree on Output Cuts

The OPEC+ found itself stuck yet again, after a day of talks that ended with its two most important members split over whether they should deepen production cut…

Oil & Gas Trade

Saudis Lobby for Million-Plus-Barrel OPEC Cuts, Extending Oil’s Gains

Oil rose for a third day after Saudi Arabia pushed for a deeper output cut than OPEC’s technical committee recommended a day earlier.

Oil & Gas Trade

Oil Looks Into Abyss as Coronavirus Threatens Demand Contraction

Flights canceled in Europe, schools closed in Japan, towns quarantined in Italy and panic in California. The coronavirus crisis has gone global, and with it, it…

Oil & Gas Trade

China's Fuel Demand To Normalize Earlier Than Projected

China's thirst for fuel has substantially gone down after the coronavirus outbreak forced government officials to lock down cities and restrict non-essential tr…

Oil & Gas Trade

China-Myanmar Gas Pipeline Imports of Natural Gas made a Breakthrough Last Year

The reporter recently learned from Kunming Customs that the natural gas imports of China-Myanmar oil and gas pipelines will exceed 5 billion cubic meters in 201…

Oil & Gas Trade

Oil may Hit $40 if Russia doesn’t Support Opec’s Production Cuts

In a volatile trading last week, crude oil prices touched one-month high and then fell back as coronavirus fears were back in the markets, with infection and de…

Oil & Gas Trade

IEA: Coronavirus May Hit Oil Demand Growth More Than Expected

The coronavirus outbreak could hit global oil demand growth more than currently expected, the head of the International Energy Agency (IEA) said on Tuesday, add…

Oil & Gas Trade

Iran to take Part in OPEC Meeting in March

Oil Minister Bijan Namdar Zanganeh said that Islamic Republic of Iran will participate in upcoming meeting of the Organization of Petroleum Exporting Countries …

Oil & Gas Trade

US hits Russian Firm in Bid to Squeeze Venezuela

​The United States imposed sanctions on a subsidiary of Russian state oil major Rosneft and its president on Tuesday for allegedly helping the Venezuelan gover…