Trade

Oil & Gas Trade

Ukraine Says no Plans to Resume Gas Purchases from Russia

Ukraine's state energy firm Naftogaz said it would not resume buying natural gas from Russia.

Electricity Trade

World Bank Programme to Enable Electricity Trade in West Africa

The World Bank Board of Directors approved a total of $300 million in International Development Association (IDA) credits and grants to support reforms that wil…

China

Why the Iran-China Oil Alliance is So Important

The steady rise in U.S. strategic competition with the People’s Republic of China over trade and the South China Sea already has so many dimensions that it is …

Oil & Gas Trade

US extends LNG Export Term to 2050

The Department of Energy is issuing a final policy statement that allows for US LNG exports to non-free trade agreement countries to be extended through the yea…

Netherlands

Shell Swings to Loss on $16bn Impairment Charge but Pays Dividend

Royal Dutch Shell swung to a heavy net first-half loss, but paid a dividend as the Covid-19 crisis hammered oil and gas prices.

United States

Total Takes US$7-Billion Hit on Exposure to Canada's Oil Sands

Total SE announced an US$8.1 billion writedown after the push to curb carbon emissions and the coronavirus pandemic challenged assumptions about the viability o…

Oil & Gas Trade

Jet Fuel Crisis Will Hurt Oil Demand For Years To Come

A full recovery in jet fuel demand will probably have to wait until 2023, Bank of America (BofA) said in a recent commodities research report cited by The Natio…

Oil & Gas Trade

In the First Half of 2020, Uzbekistan's Natural Gas Production Fell by 17.1%

The National Statistics Committee of Uzbekistan said on Monday that from January to June this year.

Coal Trade

Mine Expansion Threatens German Villages Despite Coal Exit

Lost in the countryside of western Germany, the innocuously named L277 road has become a central battleground in a bitter fight over the country’s plan to ditc…

Oil & Gas Trade

OnTurtle Makes Major Expansion With 88 Fuel Service Stations

OnTurtle, as part of its expansion plan developed together with its German supplier, BAYWA, has expanded its presence in Germany with 88 new fuel service statio…

Oil & Gas Trade

Sinopec Unit Sells Gas Pipeline Asset to PipeChina

China's new oil and gas pipeline company PipeChina has made its first purchase of gas infrastructure assets.

Oil & Gas Trade

Kuwait Heavy Oil Output to Hit 75,000 b/d by September

State-owned KPC's upstream arm KOC has been ramping up production from the South Ratqa heavy oil field and expects to reach its phase one plateau target of 60,0…

Oil & Gas Trade

Indonesia’s August Gasoline Imports Likely to Stay Low

Indonesia's gasoline imports are expected to remain low in August despite increasing driving activity in the southeast Asian country.

Coal Trade

Ukraine's Coal Imports in the First Half of 2020 Fall 18.4% Year-on-Year

Ukraine's coal imports were 8.6 million tons, down 18.5% year-on-year. Among them, coal imports from Russia and the United States accounted for 60% and 30% resp…

Coal Trade

South Korean 2H Coal Demand Faces Headwinds

Power sector coal demand in South Korea faces the dual headwind of rising nuclear availability and increasingly competitive gas prices.