Trade

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…

Coal Trade

Coal Supply by CIL to Power Sector Dips 22% to 32 MT in Apr Due to Demand Slump

The supply of coal to the power sector by state-owned Coal India has dropped 22 per cent to 31.95 million tonnes in April amid slump in the fuel demand in the c…

Crude Oil

Oil Drops on Worse than Feared Rise in U.S. Fuel Stocks

Oil prices fell in early trade on Thursday after U.S. crude, gasoline and heating oil inventories all rose more than expected, dousing hopes of a smooth recover…

Oil & Gas Trade

Russia Overtakes Saudi Arabia as the Largest Oil Exporter to China

Russia last month overtook Saudi Arabia as China's biggest supplier of crude oil, exporting 1.75m barrels a day to China on average, compared with Saudi Arabia'…

Oil & Gas Trade

Iranian Oil Tanker Arrives at Venezuela's Largest Refinery

One of five Iranian tankers carrying much-needed gasoline and oil derivatives arrived Tuesday at Venezuela's main oil refinery, officials said.

Oil & Gas Trade

Which Oil Major Is Best Prepared For The Future?

European oil supermajors are slashing costs but sparing their renewable energy business. U.S. giants are cutting across the board and focusing on their core bus…

Oil & Gas Trade

US and Iran on Collision Course Over Oil Shipments to Venezuela

The first of five Iranian oil tankers headed to Venezuela has arrived, amid tension over the possibility the United States could attempt to halt the deliveries.