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Oil & Gas Trade
Kuwait Joint Cooperation Protocol Signed to Protect Key OPEC Exporter’s Ports
Joint cooperation protocol signed to protect key OPEC exporter’s ports to ‘ensure full readiness for any potential emergency’.
Oil & Gas Trade
China's Sinopec Sets Up Fuel Oil Unit in Sri Lanka
China Petroleum and Chemical Corp, known as Sinopec Corp, said on Monday it has set up a fuel oil company in Sri Lanka as it looks to supply fuel to ships along…
Shale Gas
OPEC has to Face New Challenges Related to Shale Oil
Has OPEC reached its limits or does it have more breath to continue functioning alone as an independent organization without the need for any outside help?
Crude
To Avoid Excess Stock Buildup, Saudi Oil Output to Remain Below 10 mil b/d
Saudi Arabia's oil production will remain below 10 million b/d through August and its exports will stay under 7 million b/d to avoid excess stock buildup in an …
Crude
Oil and Gas Remained Part of Key Solutions in Combating Climate Change
The Organisation of the Petroleum Exporting Countries said on Monday that it believes oil and gas remained part of key solutions in combating climate change.
Shale Gas
Is OPEC Truly Losing the Shale War?
Wishful thinking aside, is OPEC truly losing the shale war? Is OPEC really stuck in an endless supply cutting cycle it can’t get out of?
Oil & Gas Trade
OPEC Formally Embraces Russia, Other Non-Members In Expanded
OPEC used to shift world oil markets with a single announcement. These days, the Saudi-led organization needs help from some key partners — most significantly …
Sinopec Builds China’s First Multi-Fuel Hydrogen Station
China Petrochemical Corp, or Sinopec Group, has built a pumping station in south China that combines hydrogen-filling and retail sales of conventional fuels, th…
Oil & Gas Trade
Iran Warns 'unilateralism' between Saudi Arabia and Russia could Lead to the Death of OPEC
Iranian Oil Minister Bijan Zanganeh believes "unilateralism" among some OPEC members could ultimately lead to the death of the Middle East-dominated producer gr…
Oil Price
Crude Oil Futures up More Than 2% as OPEC Looks to Extend Supply Cuts
Crude oil futures soared by nearly 2% during mid-morning trade in Asia Monday as OPEC and its allies look to extend their supply cut agreement at a time of grow…
Crude
Asia Sour Crude Market Mulls OPEC Deal, US Data
Sour crude spreads in Asia traded within a narrow range in mid-morning trading hours on Monday, as market participants weighed the benefits of a bullish OPEC de…
Supply Woes Keep Oil Prices Subdued
The fundamentals seem to be heading in the wrong direction for oil prices, with demand weakening even as supply continues to exceed expectations.

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