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Trade
Oil & Gas Trade
Russia to Solidify Position as World's Largest Natural Gas Exporter Over Next 5 Years
Russia is projected to continue strengthening its position as the world’s leading exporters of natural gas over the next five years as its production growth wi…
Oil & Gas Trade
Oil Price Climbs to $42 as China's Imports Hit All-Time High
Oil prices climbed on Monday after OPEC+ agreed to extend a deal on record output cuts to the end of July and as China’s crude imports hit an all-time high in …
Smart Grid
Smart Power Grid Added Tremendous Impetus to China's Hainan Free Trade Port
On June 1, the Overall Plan for the Construction of Hainan Free Trade Port was officially released.
Electricity Trade
Iraqi Minister Stresses Importance of Electricity Imports from Iran
In a meeting with his Iranian counterpart Energy Minister Reza Ardakanian in Baghdad on June 3, Iraq's Minister of Electricity Majid Mahdi Hantoush appreciated …
Oil & Gas Trade
US Sanctions Four Shipping Firms for Transporting Venezuelan oil
The US Treasury Department on Tuesday said it had sanctioned four shipping firms for transporting Venezuelan oil, the latest escalation in Washington's effort t…
Renewable Energy Advisory Committee to Meet June 4
The U.S. Department of Commerce's International Trade Administration has announced the Renewable Energy and Energy Efficiency Advisory Committee will hold a vir…
Oil & Gas Trade
Mexican Firm in Oil Swap with Venezuela Declares Bankruptcy
A Mexican firm that was instrumental in an oil-for-water swap scheme with the Venezuelan government has declared bankruptcy.
Oil & Gas Trade
U.S. LNG Exporters Face New Test as China Tensions Resurface
U.S.-China tensions have bubbled up again, and commodity markets could be caught up in the turmoil, not least LNG.
Oil & Gas Trade
Iran Ready to Send More Fuel to Crisis-Stricken Venezuela
Iranian Foreign Ministry spokesman Abbas Musavi says Tehran will continue to export fuel to Venezuela if the South American country requests more supplies.
Oil & Gas Trade
Putin, Trump Discuss G7 Summit, Oil Markets Over Phone
Russian President Vladimir Putin spoke by phone with U.S. President Donald Trump at the initiative of the United States.
Oil & Gas Trade
Two Iranian Tankers Sail Back After Delivering Fuel to Venezuela
Two Iranian tankers that delivered fuel to Venezuela as part of a five-vessel flotilla have begun to sail back, according to Refinitiv Eikon, as the government …
Oil & Gas Trade
Kurdistan Requests Gas Supply From Iran
The semi-official Iranian news agency, Ilna, reported on Saturday that Kurdistan Region requested to gas supply from Iran to meet its needs.
Oil & Gas Trade
Oil Surges 5% Falling Crude Output
Oil prices soared on Friday, with U.S. futures closing out May with record monthly gains.
Oil & Gas Trade
CNOOC Waives Pre-Emption Rights on Delayed Ugandan Oil Project
Chinese state oil giannt CNOOC has waived its right to pre-empt the sale of a major oil field farm-out deal in Uganda to France's Total, project partner Tullow …
Crude Oil
China, India Soak Up Oil from Floating Storage as Demand Recovers
The volume of crude stored on ships in Asia has come off the peaks seen earlier this month on a recovery in demand in China and India, trade sources and analyst…
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