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Oil & Gas Trade
Saudi Arabia Is Exporting Ever-Larger Portion Crude to China -- With the U.S. Losing Out
Saudi Arabia’s observed exports to China soared to 1.74 million barrels a day in July, the highest since Bloomberg began tracking the tanker shipments in Janua…
Oil & Gas Trade
Oil Prices Nosedive 8% on Trump Tariff Threat
Trump's vow to impose a 10% tariff on another $300 billion of US imports from China is worrying investors that a severe economic slowdown could eat into demand …
Oil & Gas Trade
Oil Slumps 7% As Trump Annouces Additional Tariffs on Chinese Imports
Oil prices plummeted more than 7% on Thursday, with the U.S. benchmark posting its worst day in more than four years, after President Donald Trump said he would…
Oil & Gas Trade
Decision to Sanction Iranian FM is Latest Blow by President Donald Trump
Iran accused the United States on Thursday of "childish behaviour" driven by fear after Washington imposed sanctions on its foreign minister, escalating tension…
Oil & Gas Trade
Due to US Sanctions of Iran Export Oil, Turkey's Energy Security will be Crucial
Turkey is aiming to become a $1 trillion economy by 2023. If the story of the country’s economic development is to continue, its energy security will be crucia…
Warn Sector could Face "Significant Losses" If It Fails to Cut Emissions Fast Enough
First debate over the 'stranded assets' theory - the assumption that in a low-carbon transition investors and companies left stuck with high carbon assets coul…
Shell's Low Carbon Investments could Safeguard Against Decline in Oil Fortunes
Increasing investments in EVs, renewables, biofuels and clean tech make Shell a safer long term bet for investors compared to some its oil industry peers, says …
Oil & Gas Trade
BP Said "Certainly Not Sending British Ships and Crews" Through the Strait of Hormuz
BP plc, the British oil giant that had to shelter one of its tankers in the Persian Gulf this month in fear it could be targeted by Iranian forces, is avoiding …
Venezuela Will Build An Economy That Will Not Be Tied To Oil
The head of the Bolivarian Republic said: “We are just starting to go on the road that will turn Venezuela into a region with economic potential that will prod…
Oil & Gas Trade
Diesel Fuel Spill Occurs Offshore Chile
Chile is investigating a 40,000-liter diesel oil spill on an island on the far southern coast of Chilean Patagonia, the navy said on Saturday.
Shale Gas
Labour Leader Jeremy Corbyn Calls on the Government to Ban Fracking 'once and for all'
If the UK exploits all its domestic reserves of shale gas the country will have no chance of meeting its 2050 net zero emissions goal, the Labour Party has warn…
Oil & Gas Trade
Crude Oil Futures Were Higher During Mid-Morning Trade in Asia
Crude oil futures were higher during mid-morning trade in Asia Tuesday, amid an expected fall in US crude inventories last week, while market participants were …
Oil and Gas Equipment
China's CNOOC Aims to Take a Stake in Ugandan Oil Pipeline
Chinese oil firm China National Offshore Oil Corporation (CNOOC) aims to take a stake in an oil pipeline being developed to export Ugandan crude, the firm said …
Oil & Gas Trade
US Sanctions Have Taken 95% of Iranian Crude Oil Exports Off The World Market
In an appearance at The Economic Club of Washington, DC, Pompeo said sanctions, which were fully imposed in May, have had seemingly no impact on global crude oi…
Oil & Gas Trade
Britain' s Seizure of an Iranian Oil Tanker in Gibraltar is a Violation of the Nuclear Deal
Britain's seizure of an Iranian oil tanker in Gibraltar is a violation of the 2015 nuclear deal, Abbas Araqchi, a senior member of the team who negotiated the d…
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