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Trade

Brexit
Brexit Process Finally Ends in Deal
The United Kingdom and the European Union have agreed a narrow post-Brexit trade deal that will shape their economic relationship for years to come.
Oil Price
Oil Moves Higher on Brexit Deal, U.S. Inventory Draw
Oil prices moved higher on Thursday as news that Britain and the European Union had signed a post-Brexit trade deal, as well as a draw in U.S. inventory sparked…
Crude Oil
Rystad Expects 2021 to Bring Largest Crude Deficits in Years
The Covid-19 pandemic has devastated crude and condensate demand in 2020, creating massive supply surpluses and filling up inventories, causing producers to sla…
RCEP
What is the RCEP?
The signing of the world’s largest free trade deal has given China significant influence in Asia Pacific, which could shape the region’s economic and politica…
Hydrogen Fuel Cell Vehicle
South Korea to Work on Hydrogen Ships
The Ministry of Oceans and Fisheries and the Ministry of Trade, Industry and Energy released a green ship development plan on Dec. 23.
Crude Oil
Russia’s Crude Oil Exports Drop 10% In January-October
Due to lower demand and the OPEC+ deal, Russia’s crude oil exports declined by 10.4 percent in volume year over year in January to October, data from the Russi…
China
China's Exports of Low-Voltage Electrical Appliances have been Increasing
According to China Customs statistics, China's exports of low-voltage electrical appliances in the first 10 months of 2020 were US$13.73 billion, a year-on-year…
Oil & Gas Trade
Gazprom lifts Ukraine January Gas Transport Bookings
Russia's state-controlled Gazprom has booked considerably more gas transport capacity through Ukraine for January, although overall booked capacity is still set…
Crude Oil
China Issues Higher Oil Import Quotas For 2021
China has issued the first round of crude oil quotas for next year, and it is 18 percent higher than the respective round for 2019, citing unnamed sources in th…
Oil & Gas Trade
China Issues 122.59 mln T in 1st Round of Oil Import Quotas
Beijing had said inThe ZPC plant last month started operations at a 200,000 barrel per day (bpd) crude processing unit.
Coal Trade
Global Coal Demand Peaked Seven Years Ago, Says International Energy Agency
Australia's trade relationship with China is struggling as the year winds down.
Oil & Gas Trade
Pakistan Arranges 12 LNG Cargoes for January
In order to meet the energy demand of the country, the government has arranged 12 LNG cargoes for January 2021, informed the Petroleum Division on Saturday.
Crude Oil
Belarus Suspends Klaipeda Oil Product Exports
Belarus appears to be halting oil product exports through the Lithuanian port of Klaipeda in what may be a politically-motivated move.
Oil Price
Oil Prices Rise, hit 9-Month High on U.S. Stimulus Progress
Oil climbed on Thursday and touched a nine-month high, with traders optimistic about progress toward a U.S. fiscal stimulus deal and record-breaking refining de…
Oil & Gas Trade
Putin: Russia Reduces Its Dependence On Oil
Russia is successfully weaning itself off oil revenues, President Vladimir Putin said today during an annual end-of-the-year news conference, as quoted by RT.

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