Trade

Oil & Gas Trade

Venezuela Restarts Gasoline Output At Only Operating Refinery

Venezuela's state oil firm PDVSA has resumed gasoline production at the only operating refinery in the country home to the world's largest oil reserves that is …

Crude Oil

The Middle East Nation Reopening its Doors to Iraqi Oil

It will also serve to consolidate the Shia crescent of power falling across the region by dint of Iran, and its prime backers, China and Russia.

Crude Oil

Oil Rises Slightly Ahead of OPEC+ Meeting

Oil prices rose slightly on Tuesday as OPEC and its allies cut production by more than agreed to in June.

Electricity Transmission

Turkey's Karpowership Signs 5-Year Power Deal with Sierra Leone

Karpowership, one of the world's largest operators of floating power plants, has agreed a 5-year deal to provide electricity to Sierra Leone's state power utili…

Oil & Gas Trade

U.S. Ups Pressure to Push Venezuela Oil Exports to Zero

“What you will see is most shipowners and insurance and captains are simply going to turn away from Venezuela,”

Coal Trade

Indian Thermal Ccoal Imports at Major Ports Decline 35% to 17.71 MT in April-June: IPA

Thermal coal imports at India's 12 major ports dropped 34.70 % to 17.71 million tonnes (MT) in the first quarter of the current fiscal.

Oil & Gas Trade

Libya's NOC Blames UAE for Halt to Oil Output, Exports

Libya, with largest oil reserves in Africa, can produce 1.2 million barrels of crude oil per day.

Oil & Gas Trade

China Awards More Non-State Crude Import Quotas

China has issued a third batch of non-state crude import quotas for 2020, sending the amount awarded so far this year more than 10pc above the total for 2019.

Market Analysis

China Leads Global Efforts to Spur Trade

China is working with a number of countries to spur pragmatic economic, trade cooperation, boost goods trade volume and stabilize industrial chains to facilitat…

Oil & Gas Trade

BP-Sinopec Bunker Venture to Start Fuel Oil Deliveries to Fujairah

The BP and Sinopec marine fuel bunkering joint venture will start deliveries of high sulfur and low sulfur fuel oils to Fujairah next month.

Oil & Gas Trade

North American Oil And Gas Companies Continue to Go Bankrupt at $40 Oil

The rash of oil and gas bankruptcies in North America is set to continue for the remainder of 2020.

Oil & Gas Trade

US Refiners Ramp Up Crude Imports from Mexico to 8-Year High

US crude oil imports from Mexico surged to the highest level in more than eight years last week as swelling inventories and a fire at the Latin American country…

Oil & Gas Trade

Berkshire Hathaway Strikes $10bn Deal with Dominion Energy for Natural Gas Assets

It announced the cancellation of a multi-billion-dollar natural gas pipeline joint venture with Duke Energy.

Coal Trade

Germany Passes 2038 Coal Exit Law with Compensation

Germany has passed legislation to end coal-fired power generation by 2038 at the latest and agreed on a shutdown schedule for individual lignite power plants.

Oil & Gas Trade

Dominion Energy Sells Natural Gas Assets for $9.7bn

Dominion Energy has agreed to sell its natural gas assets for $9.7bn, the US-based power company announced on Sunday.