Rice

Thermal Coal

Tohoku Electric Set Coal Contract Price at $68.75/T

Global miner Glencore Plc and Japan's Tohoku Electric Power agreed to import thermal coal from Australia at $68.75 a ton through March 2021.

Coal Price

Effects of Lower Coal Prices Only Partially Reflected in 1Q20

As average coal input prices exceeded our estimate due to lower utilization rates at coal power plants, KEPCO’s 1Q20 results fell short of our estimates.

Oil Shale

No One Expected U.S. Shale Oil Output Cuts to Happen So Fast

In brokering the end to the global oil-price war last month, the Trump administration assured leaders that America’s shale patch would throttle back production…

Crude Oil

US WTI Crude Futures Rise Above $30/bl

U.S. benchmark WTI crude futures rose above $30 a barrel for the first time in two months.

Oil Shale

U.S. Shale Could Crush the Oil Market Recovery

As the two petro-nations duked it out, the global oil glut ballooned to a massive oversupply and oil storage deficiency that persists today.

Oil Shale

Blackstone Shale Oil Venture Gavilan Resources Files for Bankruptcy

Blackstone Group’s Gavilan Resources LLC filed for Chapter 11 bankruptcy late on Friday.

Solar Power Plant

‘World’s Largest Concentrated Solar Plant’ Progresses Despite Covid-19

Global oil refining production could start rebounding in June, the International Energy Agency said on Thursday, but refiners’ margins may be squeezed due to r…

Oil Shale

U.S. Shale Needs To Slow Down To Survive

Global oil refining production could start rebounding in June, the IEA said on Thursday, but refiners’ margins may be squeezed due to rising crude prices as pr…

Crude Oil

Oil Hits One-Month High as Signs of Demand Emerge Amid Coronavirus Crisis

Oil prices jumped more than 3% on Friday, touching more than one-month highs amid signs that demand for crude was picking up with China reporting increased refi…

Crude Oil

Russia’s OPEC+ Challenge: Cut Output Without Maiming Industry

Russian oil producers are confronting their greatest challenge in decades as they try to fend off a historic price slump without permanently damaging their fiel…

Oil & Gas Trade

OPEC Says Nigeria's Oil Output Dropped Last Month

The Organisation of Petroleum Exporting Countries, OPEC, has put Nigeria’s oil output, excluding Condensate, at 1.78 million barrels per day, m/bd, in April 20…

Oil & Gas Trade

OPEC Expects Global Oil Demand Hits Biggest Downfall

The Organization of the Petroleum Exporting Countries now expects global demand to contract by 9.07 million barrels per day, or 9.1 per cent, in 2020, it said i…

LNG

Asian LNG Prices Spike 20% As Demand Returns

This week, the uptick in demand and the lower supply have sent LNG prices jumping.

Oil & Gas Trade

India Oil & Gas Industry Might Need More Time to Recover

Most O&G CXOs believe that the recovery for the sector is likely to be longer, and more protracted than anticipated.

Norway Takes $41 Billion From Oil Fund To Bolster Economy

Norway is set to use a record amount of petroleum revenues from its US$1-trillion oil fund – the world’s largest sovereign wealth fund – this year to counter…