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Trade
Crude Oil
Treasury Department Assures Wall Street It Can Still Trade Russian Oil and Gas
The U.S. Treasury Department clarified Friday afternoon that Wall Street’s traders and banks can continue to buy and sell Russian oil and gas.
Floating Offshore Wind
Ocean Winds, Aker Offshore Wind Secure 1.2 GW Floating Capacity in South Korea
Korea Floating Wind (KF Wind), a joint venture between Ocean Winds and Aker Offshore Wind, has secured an Electric Business License from South Korea’s Ministry…
Natural Gas
Gas Prices in Europe Hit Record High Amid Supply Concerns
The gas price at the Dutch TTF hub, the benchmark gas price for Europe, jumped early on Thursday in Amsterdam to trade at $221.
Oil & Gas Trade
Russia’s Feb Oil Output Rises, Trading Paralysed by Sanctions
Russia’s oil and gas condensate output C-RU-OUT rose in February to 11.06 million barrels per day (bpd), according to Reuters calculations based on an Interfax…
Crude Oil
Oil Markets Hit Multiple Records as Russia Sanctions Bite, Disrupt Trade Flows
Oil benchmarks are hitting multiple price and spread milestones across several key markets as the fallout from severe sanctions on key exporter Russia sows conf…
Solar Power Plant
Viet Nam to Cut Solar Power Capacity in Draft Plan
Deputy Prime Minister Le Van Thanhh told the Ministry of Industry and Trade (MoIT) to reduce the solar capacity and increase offshore wind power in the draft Po…
Oil & Gas Trade
Angola Crude Oil Exports Increased by 3% During Q4 2021
The Republic of Angola, sub-Saharan Africa’s second-largest crude producer, saw an increase of 3% in crude oil exports
Coal Trade
SWIFT Ban Hits Russian Coal Exports to China
Chinese buyers of coal are having trouble securing financing to buy coal from Russia, the world’s third-largest coal exporter, as China’s banks are wary of sa…
Coal Trade
Asia’s Coal Imports Decline, but Ukraine Crisis will Keep Prices up
Asia’s imports of coal slumped in February as prices remained close to record highs for both thermal and coking grades, and the crisis in Ukraine means the cos…
Oil Price
Oil Could Jump Back Above $100 as Traders Assess Russia SWIFT Ban
A decision by Western allies on Saturday to block certain Russian banks from the SWIFT payments system is likely to lift oil prices well above $100 a barrel as …
Carbon Pricing
Singapore's Carbon Tax Will Help Develop Trade Flows, Price Discovery for Offsets Market
Singapore's plan to raise carbon taxes is expected to stimulate demand growth in the voluntary carbon credit market and facilitate price discovery.
Oil & Gas Trade
Vietnam: 25%Fuel Shortage To Be imported
the Vietnam Oil and Gas Group to give detailed notice of the supply situation as soon as possible so that petroleum companies can proactively plan to import to …
Oil & Gas Trade
BP to Exit its 20% Stake in Russian Oil Giant Rosneft
BP Plc will exit its shareholding in Russia’s largest oil company Rosneft PJSC, potentially taking a financial hit of as much as $25 billion.
Oil Price
Oil Surges on Russia Nuclear Alert as Sanctions Intensify
Oil prices jumped more than $7 in early trade on Monday after Russian President Vladimir Putin put the country's nuclear deterrent on high alert in the face of …
Oil & Gas Trade
Sri Lanka Needs US$1,285mn for Three Months of Oil, US$500mn from India: Minister
Sri Lanka needs 1,285 million US dollar for oil imports in the next three months, of which 500 million will come from an Indian credit line, Energy Minister Uda…
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