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Oil
LNG
LNG Markets May Not Recover Until 2021
The cash margin for U.S. LNG exporters improved slightly in the second quarter, but will likely remain negative for the duration of 2020.
Oil & Gas Trade
Kuwait's Oil Sector Cancels Several Tenders & Projects to Cut Costs
Kuwait Petroleum Corporation and its subsidiaries have started to cancel a large number of unimportant tenders and contracts within the budget of the current fi…
Russian Federation
Oil Price of $40-43 per Barrel more or Less Balanced
The Russian Ministry of Energy considers the current oil price of $40-43 per barrel more or less balanced and does not expect price changes after the weakening …
United States
India to Create its First Overseas Oil Stockpile in US
India is moving to store oil in the US, the first time world’s third-largest oil guzzler is creating an emergency reserve abroad to take advantage of low price…
United States
US Oil & Gas Rig Count Falls to Record Low for 11th Week: Baker Hughes
The US oil and gas rig count, an early indicator of future output, fell by five to an all-time low of 253 in the week to July 17.
Crude Oil
Crude Shipments Resume from Pemex Floating Oil Storage Unit After Collision
An oil production and storage vessel operated by Mexican state oil firm Pemex in the Gulf of Mexico has resumed crude shipments after a tanker collision halted …
Several Agreements Signed at US-India Strategic Energy Partnership Ministerial Meeting
They also discussed the possibility of India storing oil in the US Strategic Petroleum Reserve to increase their nation's strategic oil stockpile.
Mozambique
Total Secures $14.9 bn to Finance Mozambique Gas Project
French oil giant Total on Friday said it had signed a $14.9 billion financing agreement for a gas project in northern Mozambique.
Norway
Norway’s Oil Industry Is Beginning To Recover
Norway sees oil and gas activity picking up after the market turmoil and the health crisis earlier this year, the Norwegian Petroleum Directorate said in its fi…
Crude Oil
Eni to Accelerate Conversion of its Conventional Oil Refineries into Biorefineries
Initially planned to be completed in around thirty years, the transformation of Eni’s conventional oil refineries into biorefineries will be done over the next…
China
Oil Down ith OPEC+ Signaling Production Cuts, While U.S.-China Tensions Rise
Oil was down on Thursday morning in Asia as OPEC announced the easing of production cuts after its Joint Ministerial Monitoring Committee meeting on Wednesday.…
Oil & Gas Trade
Tanker off UAE Sought by US Over Iran Sanctions ‘Hijacked’
An oil tanker sought by the U.S. over allegedly circumventing sanctions on Iran was hijacked on July 5 off the coast of the United Arab Emirates.
Kazakhstan
Kazakhstan to Fulfil its Obligations Under the OPEC+ Agreement
The ministry recalled that representatives of Kazakhstan told the OPEC+ secretariat that in the first 12 days of May there was an overproduction of oil in the c…
Oil & Gas Trade
U.S. LNG Exports Will Fall to 25%
The average US LNG export volume in June was 3.6 billion cubic feet per day, and the average export volume in July.
Micro Reactor
GE Hitachi Receives Patent for Very Simplified Boiling Water Reactors
US-based GE-Hitachi Nuclear Energy Americas has been assigned a patent developed by three co-inventors for "very simplified boiling water reactors for commercia…
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