Oil

Oil & Gas Trade

US Sanctions Four Shipping Firms for Transporting Venezuelan oil

The US Treasury Department on Tuesday said it had sanctioned four shipping firms for transporting Venezuelan oil, the latest escalation in Washington's effort t…

Oil & Gas Trade

Mexican Firm in Oil Swap with Venezuela Declares Bankruptcy

A Mexican firm that was instrumental in an oil-for-water swap scheme with the Venezuelan government has declared bankruptcy.

Oil & Gas Trade

U.S. LNG Exporters Face New Test as China Tensions Resurface

U.S.-China tensions have bubbled up again, and commodity markets could be caught up in the turmoil, not least LNG.

Oil & Gas Trade

Iran Ready to Send More Fuel to Crisis-Stricken Venezuela

Iranian Foreign Ministry spokesman Abbas Musavi says Tehran will continue to export fuel to Venezuela if the South American country requests more supplies.

Oil & Gas Trade

Putin, Trump Discuss G7 Summit, Oil Markets Over Phone

Russian President Vladimir Putin spoke by phone with U.S. President Donald Trump at the initiative of the United States.

Oil Price

Australia:Tasmania to Introduce Mandatory Fuel Pricing

The Tasmania state government has announced it would impose a mandatory real-time fuel price reporting mechanism on retailers in order to put downward pressure …

Oil Field

Kazakhstan to Build Gas Processing Plant at Kashagan

Kazakhstan intends to build a gas processing plant at oilfield in west of Kazakhstan – Kashagan, Minister of Energy Nurlan Nogayev told a briefing on May 27.

Market Analysis

Opec's President Calls for an Earlier Meeting of Producers

The proposal would allow members to factor any policy changes to Opec+ cuts ahead of their monthly export allocations

Oil Price

Oil Price Crash to Fuel Japan and South Korea's Coal-to-Gas Switch

LNG volumes sold on an oil-indexed basis could become cheaper.

Oil & Gas Trade

Two Iranian Tankers Sail Back After Delivering Fuel to Venezuela

Two Iranian tankers that delivered fuel to Venezuela as part of a five-vessel flotilla have begun to sail back, according to Refinitiv Eikon, as the government …

Oil Shale

Oil Explorers Revert to Pre-Shale Drilling Level Across U.S.

Oil explorers are drilling at the slowest pace in more than a decade as the pandemic-driven collapse in energy demand wipes out cash flow, jobs and even entire …

Oil&Gas Drilling

Turkey Says May Begin Oil Exploration Under Libya Deal in 3-4 months

Turkey may begin oil exploration in the eastern Mediterranean within three or four months under a deal it signed with Libya that was condemned by others in the …

Solar Power Plant

Solar Plant Starts Feeding Power to Oil Companies in Oman

Petroleum Development Oman, in which Royal Dutch Shell Plc and Total SA hold minority stakes, has begun receiving power from the Gulf Arab country’s largest ph…

Oil & Gas Trade

Kurdistan Requests Gas Supply From Iran

The semi-official Iranian news agency, Ilna, reported on Saturday that Kurdistan Region requested to gas supply from Iran to meet its needs.

Oil & Gas Trade

Oil Surges 5% Falling Crude Output

Oil prices soared on Friday, with U.S. futures closing out May with record monthly gains.