Oil

LNG

Australian States May Have to Import LNG as of 2024

According to the AEMO, southern and southeastern Australian states will have to import LNG by 2024 to avoid gas shortfalls on peak winter days, as the southern …

Crude Oil

Russia's Largest Oil Producer Halts Operations In Venezuela

Russia’s largest oil producer, Rosneft, has announced that it is halting operations in Venezuela and selling its assets there to a company fully owned by the R…

Oil Price

U.S. Crude Dips Below US$20 as Lockdowns Wipe Out Demand

Oil prices fell sharply on Monday, with U.S. crude briefly dropping below US$20 and Brent hitting its lowest level in 18 years, on heightened fears that the glo…

Oil Price

Oil Crash Puts Africa's Cash-Strapped Producers in Peril

The collapse in oil prices has left African oil producers facing a loss of revenue at a time when they need it most to fight coronavirus.

Oil Field

Equinor Says Sverdrup Oilfield to Produce More, Faster than Expected

The Johan Sverdrup field is ramping up production at a faster rate than initially expected.

Crude Oil

US Suspends Plans to Buy Crude Oil for the Strategic Petroleum Reserve

The US administration has suspended plans to purchase US crude oil for the Strategic Petroleum Reserve (SPR), after failing to secure funding from the Congress,…

International Oil Gas Refining & Petrochemical Exhibition

The second largest OPEC producer, Iran sits atop 11 percent of oil and 18 percent of gas reserves in the world. Every year, the country hosts an international O…

Oil Pipeline

Putin Approves a New Gas Pipeline to China via Mongolia

Russian President Vladimir Putin on Friday approved the launch of a feasibility study for the Power of Siberia-2 pipeline.

Oil Price

Calls Mount for New OPEC+ Deal as Oil Prices and Demand Slide

Oil producers need to resume cooperation in an effort to stabilize the global market, Russian and OPEC officials said, as the industry reels from a demand and p…

Oil Price

Russia’s Plan To Bankrupt U.S. Shale Could Send Oil To $60

As soon as U.S. shale leaves the market, prices will rebound and could reach $60 a barrel, Rosneft’s Igor Sechin said recently.

Saudi Arabia Has Assured India of Uninterrupted LPG Supply: Dharmendra Pradhan

India's oil minister said on Sunday he would continue to supply the country with liquefied petroleum gas.

Oil Price

After Oil Price Crash, Russia Looks for OPEC Deal

Russian officials were reportedly looking to establish another OPEC+ deal to balance oil markets.

Oil Price

The Cheapest Way For Trump To Save U.S. Oil

The President of the United States has the power, at his sole discretion without any other authority, to place a fee on imported oil or products.

Oil Price

Saudi Arabia Says no Talks on New Oil Deal, Moscow Suggests Larger OPEC+

Saudi Arabia said on Friday that it is not in talks with Russia to balance oil markets, despite rising pressure from Washington to stop a price rout, amid the c…

Uganda International Oil and Gas Summit

The Uganda International Oil and Gas Summit will examine the future of oil and gas exploration and production in Uganda, setting out the government’s vision an…