Oil

Oil & Gas Trade

Kuwait, Saudi Arabia Start Trial Oil Pumping from Divided Zone: Kuwait Minister

Kuwait and Saudi Arabia will start trial oil production from the jointly-operated Wafra and Khafji oilfields on Sunday, Kuwait’s oil minister said.

Oil & Gas Trade

Total Looks To Stop Selling Fuel Oil To Power Plants

​Supermajor Total wants to stop selling fuel oil—one of the most carbon-intensive refinery products—for power generation in order to reduce its carbon footpr…

Oil & Gas Trade

Russia-Belarus Oil Dispute Begins to Threaten Supplies to Europe

A long-running oil dispute between Russia and Belarus has for the first time threatened to disrupt supplies to Europe.

Crude

South Sudan Ignores Reports on Oil Pollution, Birth Defects

The oil industry in South Sudan has left a landscape pocked with hundreds of open waste pits, the water and soil contaminated with toxic chemicals and heavy met…

Carbon Neutral

Can BP Become Carbon Neutral?

BP’s new chief executive Bernard Looney outlined an ambitious new objective on Wednesday to make the oil giant carbon-neutral by 2050 - the most exacting susta…

Libya's Oil Corporation: Blockade Losses Exceed $1.3 Billion

Economic fallout continues from the shutdown of Libya’s vital oil fields, with losses surpassing $1.3 billion, the national oil corporation announced Tuesday.

Oil & Gas Trade

Coronavirus Forces Qatar To Reroute Oil And Gas

One of the biggest liquefied natural gas (LNG) exporters, Qatar, is working with importers in China to reschedule or re-route some oil and gas cargoes to the wo…

Oil & Gas Trade

Israel Caps Gas Output At Huge Offshore Field

Israel ordered on Thursday natural gas production at the huge offshore Leviathan field be reduced by around 40 percent after a fault was detected in a subsea pi…

Oil & Gas Trade

U.S. Gives Iraq Sanctions Waiver for Vital Iranian Gas Imports

The United States has granted Iraq a 45-day sanctions waiver enabling the country to continue importing vital Iranian gas and electricity supplies, two Iraqi of…

Crude

Guyana to Export Its First Share of Oil in Coming Days: Official

Guyana is getting ready to export in the coming days the first cargo of Liza crude entitled to the government as share of the oil produced by a consortium led b…

Crude

Russia Still Elusive On Deeper OPEC+ Oil Production Cuts

Russia is still reviewing the recommendation of the OPEC+ technical panel for additional cuts of 600,000 bpd in response to the slump in oil demand over the cor…

Oil & Gas Trade

Russia Still Studying Proposed Deeper Opec+ Output Cuts: Novak

Russia is still studying proposed deeper oil output cuts by the Opec+ grouping of top producers prompted by the new coronavirus outbreak in China, Energy Minist…

Russian Oil & Gas Firms Plan to Invest $20 BILLION in Iraq’s Energy Industry

Russian oil and gas companies could triple their investments in Iraq in the near future, Yury Fyodorov, first deputy chairman of the Economic Policy Committee a…

Crude

OPEC+ Panel Calls for More Oil Cuts on Coronavirus Impact

An OPEC, non-OPEC technical panel has recommended extending a current oil supply cut pact until the end of 2020 and more output reductions due to the impact of …

LNG

Qatargas Signs LNG SPA with Kuwait

Qatargas has announced the signing of a new, long term LNG sale and purchase agreement (SPA) with Shell to deliver 1 million tpy of LNG to the State of Kuwait, …