Gas trade

Oil & Gas Trade

U.S. Weighs Sanctions on Rosneft but is Wary of Oil Market Chaos

Officials at the Treasury Department worry that sanctions on Rosneft may drive up prices for oil, the people said.

Oil & Gas Trade

US DoE Aims to Double Oil and Gas Production Rates

Fossil energy secretary puts his faith in technological development to boost output and CCUS to ultimately reduce emissions.

Oil & Gas Trade

ExxonMobil Exports Second Crude Cargo from Guyana

Guyana’s second crude oil shipment left ExxonMobil’s Liza Destiny platform Wednesday and is heading to Panama.

Oil & Gas Trade

Sinopec Provides Free Natural Gas for Makeshift Hospital in Wuhan

China Petrochemical Corporation (Sinopec), China's largest oil refiner, started to provide free natural gas Tuesday for Leishenshan hospital, one of the makeshi…

Oil & Gas Trade

US says Cyprus has Key Role in East Med Energy

Washington believes Cyprus has a key role to play in East Med energy supply but warned all sides not to create further instability in the region as tensions run…

Oil & Gas Trade

Petrobras Selling Offshore Field and Blocks in Brazil

Petrobras said on Monday that these transaction were in line with the portfolio optimization and the improvement of the company’s capital allocation, aiming at…

Oil & Gas Trade

Coronavirus could Push Global Oil Market into Surplus

Almaty. February 4. KazTAG - The coronavirus outbreak could curb oil demand growth if it continues to spread, leading to an extended production surplus as produ…

Oil & Gas Trade

Oil Bankruptcies Are Reaching Worrying Levels

Law firm Haynes and Boone recently released its updated Energy Bankruptcy Reports. These reports cover North American oil and gas producers, oilfield services a…

Oil & Gas Trade

OPEC+ Considers 500,000 Bpd Cut In Emergency Meeting

The OPEC+ group of producers are said to be considering deepening the cuts by another 500,000 bpd, due to depressed oil demand amid the virus outbreak, OPEC and…

Oil & Gas Trade

PNG Government Walks Away from Gas Talks with Exxon

According to Reuters, the government of Papua New Guinea (PNG) has ended talks with Exxon Mobil Corp. regarding a key gas project, putting plans to double gas e…

Oil & Gas Trade

OPEC and Ally Russia to Discuss Oil Price Fall After Coronavirus Epidemic

OPEC members and their ally Russia will convene a technical meeting this week to analyze oil price falls since the outbreak of a coronavirus epidemic, a source …

Oil & Gas Trade

China’s Oil Demand Drops 20%

Chinese oil demand has dropped by about three million barrels a day, or 20 per cent of total consumption, as the coronavirus squeezes the economy.

Oil & Gas Trade

Kuwait and Saudi Arabia Start Work to Resume Oil Output from Khafji – Sources

Kuwait and Saudi Arabia have started preparation work to resume crude oil production from the al-Khafji oilfield jointly operated by the two countries, with ini…

Oil & Gas Trade

South Sudan Welcomes Russian Firms To Its Oil, Gas Sector

South Sudan believes that Russian companies can help it to develop its oil, natural gas, and refining industries, the foreign minister of the small African oil …

Oil & Gas Trade

U.S. Lifts Iran Sanctions on One Unit of Chinese Shipping Giant COSCO

The U.S. Treasury said, partially reversing its punishment on the company for transporting Iranian oil after China complained about the measure in trade talks w…