Oil

Oil & Gas Trade

China’s Crude Oil Imports are Slowing Down

China’s imports of crude oil have been trending much lower in September than in the past four months, while the rest of Asia is also significantly slowing impo…

Oil Price

Global Effort Begins Again to Stabilise Oil Prices, OPEC+ Meet May be Called in Oct

A bigger global effort to stabilise oil prices involving all major oil producers including Russia is again on the cards to see that the current crisis does not …

Oil Price

Diesel Prices Fall Again on the Back of Easing Global Crude Oil Prices

Diesel prices continued to decline for the fourth consecutive day on Sunday on the back of falling global crude prices. In the national capital, diesel was pric…

Oil Price

International Oil Prices Rose Significantly on the 17th

It closed at 43.3 US dollars per barrel, an increase of 2.56%.

Market Analysis

Russian Energy Minister: Global Oil Demand is Expected to Fully Recover in the Second Quarter of 2021

Russian Energy Minister Alexander Novak participated in the OPEC+ JMMC online meeting and said that global oil demand is expected to fully recover by the second…

Oil Pipeline

Future of German-Russian Nord Stream 2 Pipeline Remains Uncertain

​Calls are mounting in Germany to stop the Nord Stream 2 pipeline, which will take gas from Russia to Germany.

Oil Field

Pioneering Spirit Removes Third Platform from Shell's Brent field

Pioneering Spirit Removes Third Platform from Shell's Brent field.

Crude Oil

U.S Keeps Top Crude Oil Producer Status

Despite oil production curtailments earlier this year that are not fully back online, the United States maintained its global status as the leading supplier of …

Oil&Gas Drilling

Equinor Picks up Drilling Permit for North Sea Wildcat

The Norwegian Petroleum Directorate has issued a drilling permit to Equinor for a wildcat well located in the North Sea offshore Norway.

Oil Price

OPEC+ Panel to Meet Amid Oil Price Decline

OPEC and allies, led by Russia, are scheduled to hold an online meet on Thursday to discuss compliance with their agreed output cuts and demand trends amid fall…

LNG

China's Sinopec Buys About 10 LNG Cargoes for Winter Delivery

China's Sinopec has purchased about 10 liquefied natural gas cargoes for delivery between November and March next year.

Oil and Gas Equipment

China's First Floating LNG Storage And Regasification Plant Project Completed

This is the first time for a Chinese shipbuilding company to enter the field of global high-difficulty large-scale LNG offshore equipment modification.

Crude Oil

Venezuela Prepares To Boost Oil Production With Iranian Help

Venezuela is preparing to ramp up its crude oil production using diluents imported from Iran, citing unnamed sources and company documents.

Crude Oil

World’s No.1 Oil Trader Sees Crude Inventories Shrinking This Year

Vitol Group, the world’s largest independent oil trader, expects global oil inventories to continue drawing down for the rest of the year, unlike its rivals an…

Oil&Gas Drilling

Eni Hits New Gas Discovery Offshore Egypt

Eni has made a new gas discovery in the Great Nooros Area, located in the Abu Madi West Development Lease, in the conventional waters of the Nile Delta, offshor…