Oil

Crude Oil

OPEC Adjusts Oil Demand to 8.9 Million bpd for 2020

The Organization of the Petroleum Exporting Countries, yesterday, revised downward its world oil demand in 2020.

Oil & Gas Trade

Venezuela Restarts Gasoline Output At Only Operating Refinery

Venezuela's state oil firm PDVSA has resumed gasoline production at the only operating refinery in the country home to the world's largest oil reserves that is …

Crude Oil

The Middle East Nation Reopening its Doors to Iraqi Oil

It will also serve to consolidate the Shia crescent of power falling across the region by dint of Iran, and its prime backers, China and Russia.

Oil&Gas Drilling

Oil And Gas Drilling Set For A Multi-Decade Low In 2020

The number of drilled wells globally is expected to reach around 55,350 this year, the lowest since at least the beginning of the century.

Crude Oil

Oil Rises Slightly Ahead of OPEC+ Meeting

Oil prices rose slightly on Tuesday as OPEC and its allies cut production by more than agreed to in June.

Oil & Gas Trade

U.S. Ups Pressure to Push Venezuela Oil Exports to Zero

“What you will see is most shipowners and insurance and captains are simply going to turn away from Venezuela,”

Crude Oil

Iran Expands Oil Production Capacity

Iran is taking a step that would seem counterintuitive in an environment of subdued demand for oil and oil products.

Oil Price

Oil Down as Opec+ Prepares to Lower Output Quotas

Oil edged lower ahead of an OPEC+ meeting this week at which the group may announce plans to start tapering historic production cuts even as the coronavirus sur…

China Energy

China Sinochem's Quanzhou Petchem Project Start Delayed to Late-August

China Sinochem Group's Quanzhou 32.5 billion yuan ($4.64 billion) petrochemical expansion project is aiming to start trial operations in late August.

LNG

Cyprus Starts Work on First LNG Import Terminal

Cyprus has started building its first LNG import facility at Vassilikos, the nation’s largest and most expensive energy project.

LNG

GasNet Opens First Mobile LNG Station in Czech Republic

GasNet, a Czech natural gas distributor, has put into operation the first public mobile self-serve unit for liquefied natural gas on the Czech market.

LNG

Russia’s Blue Stream Gas Pipeline to Turkey Idle Since May

The Blue Stream pipeline delivering Russian gas to Turkey, due to be re-launched after maintenance in May, remains idle.

Oil & Gas Trade

Libya's NOC Blames UAE for Halt to Oil Output, Exports

Libya, with largest oil reserves in Africa, can produce 1.2 million barrels of crude oil per day.

Crude Oil

OPEC and Russia May Ease Oil Production Cuts

Saudi Arabia, the world’s largest oil exporter, and other major oil-producing countries are likely to increase their output in August.

Nuclear Power Plant

Rusatom Service, MVM Group create European Power Services JV

Rusatom Service and MVM Group have formed a joint venture in Hungary to provide service and maintenance to nuclear industry facilities, conventional sources of …