Trade

Oil & Gas Trade

Venezuelan Oil Production Sinks to Lowest Output in 77 Years

Crisis-wracked Venezuela's relentless fall in oil production sunk to a new low in May, according to OPEC figures, a milestone in a decade of decline for the onc…

Oil & Gas Trade

OPEC to Host Technical Workshop for 60th Anniversary

The Organization of Petroleum Exporting Countries will host a special technical workshop titled OPEC at 60 to commemorate the foundation of its 60th anniversary…

Oil & Gas Trade

Russia July Crude Oil and Fuel Oil Export Tariffs Rose to 5.16 US Dollars / Barrel

The Russian Ministry of Finance issued a statement on Monday saying that as oil prices recovered, Russia set the July export tariff for crude oil and fuel oil a…

China Energy

China Imported 47.97 Million Tons of Crude Oil in May

China's crude oil imports increased from a decline in May, and international crude oil prices rebounded rapidly.

China Energy

Cross-Border Power Supply Line Lines Between China and Mongolia

This is the second power supply line from Xinjiang in China to Mongolia.

Oil & Gas Trade

Turkey to Receive 6 bcm of Natural Gas from Azerbaijan by June's End

The Trans Anatolian Pipeline will reach a milestone this month as six billion cubic meters (bcm) of natural gas is set to be delivered to Turkey by the end of J…

Oil & Gas Trade

Iran Pressures South Korea To Pay Debts For Oil Exports

The governor of Iran's Central Bank has threatened legal action against South Korea if the Asian country’s banks refuse to unlock billions of dollars owed to I…

Oil & Gas Trade

PGNiG to Supply LNG to LG Electronics in Poland

Polish oil and gas company, PGNiG, has announced a new deal to supply liquefied natural gas (LNG) to South Korean electronics manufacturer, LG Electronics.

Coal Trade

Indonesia's 2020 Coal Exports Seen at 435 Million T

Indonesia, a major global thermal coal producer, exported 175.15 million tonnes of coal in January to May and exports for the full year are expected to be 435 m…

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…