Oil

Iran

Strait of Hormuz: The World's Most Important Oil Artery

Iran's Revolutionary Guards Corps seized a South Korean-flagged tanker in Gulf waters and detained its crew, amid tensions between Tehran and Seoul over Iranian…

Oil Pipeline

US Congress Authorizes New Nord Stream 2 Sanctions

The sanctions aim to derail construction of the remaining offshore portion of Russian state-controlled Gazprom's near-complete 55bn m³/yr Nord Stream 2.

South Korea

Iran Seizes UAE-Bound Chemical Tanker

Iran has seized a UAE-bound chemical tanker in the strait of Hormuz, further stoking already heightened tensions in the Mideast Gulf.

LNG Carrier

Global LNG Fleet Starts 2021 with Spate of Deliveries

Four new LNG carriers were delivered by South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering in the first four days of this year, following slow …

Oil & Gas Trade

Venezuela’s 2020 Oil Exports Plunged To The Lowest Level In 77 Years

Venezuela’s crude oil and refined product exports plummeted in 2020 to their lowest level in 77 years

Crude Oil

China’s Oil Giants Face NYSE Delisting

Chinese crude oil companies listed in New York may soon be kicked out, after the New York Stock Exchange delisted three telecoms with headquarters in China, due…

Natural Gas

Gazprom Starts Delivering TurkStream Gas to Bosnia, Serbia

Russian energy giant Gazprom has begun delivering natural gas to Serbia and Bosnia and Herzegovina through the TurkStream pipeline and a new route crossing Turk…

Oil Pipeline

Azerbaijan Sends First Gas Export via TAP Pipeline

Azerbaijan has started commercial natural gas supplies to Europe via the Trans-Adriatic Pipeline.

Crude Oil

Oil Prices Touch Multi-Month Highs as OPEC+ Expected to Hold Output

Oil prices touched multi-month highs on Monday on expectations that OPEC and allied producers may cap output at current levels in February as the coronavirus pa…

Oil Pipeline

Russia to Double Natgas Volume to China in 2021 as Cold Spell Bites

The increased volume of supply was due to a new 1,110-km pipeline extension in December that starts at Changling in northeast China's Jilin and ends at Yongqing…

Crude Oil

Cambodia Prepares To Produce Its First Oil

As Asian oil demand looks set to increase over the next decade, Cambodia is taking advantage of the opportunity with its first crude oil production.

Crude Oil

Adnoc Distribution to Buy 15 Service Stations in Saudi Arabia for $10m

The company aims to “significantly” increase its presence in kingdom and become a top fuel retailer by 2025.

Oil & Gas Trade

Egypt Signs 9 Exploration Deals Worth $1bn with Energy Companies

Awards cover exploration along the eastern and western Mediterranean as well as the Red Sea

Oil & Gas Trade

Iraq Confirms $2bn Oil Prepayment Agreement with Chinese Firm

The Chinese firm will pay for a full year's worth of crude prior to loading shipments

Market Analysis

Wood Mackenzie’s Top Ten Predictions for Energy in 2021

Wood Mackenzie analysts on what we should expect in energy in the coming year, from oil markets to solar costs and coal exports to EVs.