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Oil
Asian Markets Fall as Coronavirus Hits Earnings, Growth
China is the world's biggest importer and consumer of oil, and crude prices have been particularly sensitive to the epidemic that has spread to nearly 30 countr…
How China's oil giants are contributing to anti-virus efforts
People would have never associated China's oil giants with masks without the epidemic, said a vice-chairman of the country's state assets regulator on Tuesday.
Oil & Gas Trade
Shell Temporarily Suspends LNG Liftings from Prelude off Australia
Royal Dutch Shell (RDSa.L) has temporarily suspended cargo liftings from its Prelude floating liquefied natural gas (LNG) facility off northwest Australia while…
Oil & Gas Trade
Libya Faces Disaster If Oil Blockade Continues
Libya is facing financial disaster if the Libyan National Army does not lift the oil port blockade, the Prime Minister of the UN-recognized Government of Nation…
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…
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