Trade

Oil & Gas Trade

Covid-19: Saving Nigeria from the Peril of Oil Economy

It is no gainsaying the fact that the global pandemic Coronavirus has made the world economy to shrink. With a sudden shutdown of most countries to contain the …

Oil & Gas Trade

Trump Pledges to Support Oil, Gas Industries Amid Oil Futures Crash

U.S. President Donald Trump on Tuesday directed his administration to work on a plan to get funding to the oil and gas industries as a steep sell-off in oil fut…

Oil & Gas Trade

Canada’s Oil Has Nowhere To Go As The US Runs Out Of Storage

Collapsing demand and brimming storage in the United States, Canada’s almost exclusive oil outlet, have resulted in a very usual situation in the Canadian oil …

Oil & Gas Trade

Saudi Arabia may Re-route Tankers if U.S. Imposes Crude Import Ban

Saudi Arabia is exploring re-routing millions of barrels of oil onboard tankers sailing to the United States if President Donald Trump decides to block imports …

Oil & Gas Trade

Nigeria's Oil, Gas Exports Hit $5.1bn in One Year - NNPC

The Nigerian National Petroleum Corporation (NNPC) has said that the country exported oil and gas worth about $5.18 billion in the last one year, spanning betwe…

Oil & Gas Trade

Indian Refineries Slash Middle East Oil Imports As Storage Fills Up

Two oil refiners will be cutting their crude oil imports from Saudi Arabia by between 66 percent and 80 percent for May, as India – population 1.3 billion peop…

Oil & Gas Trade

Shell Delays Decisions on Deepwater Projects Amid Oil Price Rout

Shell has delayed a decision on whether to proceed with two large oil and gas development projects in the gulf of Mexico and the north sea.

Oil & Gas Trade

Australia Says First in Line to Buy Crude to Store in US Strategic Reserve

Australia is at the head of the queue to buy oil and store it in the US Strategic Petroleum Reserve.

Oil & Gas Trade

UK Becomes World's Cheapest Natural Gas Market

Britain has become the cheapest natural gas market in the world.

Oil & Gas Trade

Will Look into Halting Oil Import from Saudi Arabia, Says Trump

US President Donald trump said on Monday that the us would consider stopping oil imports from Saudi Arabia.

Electricity Trade

ABB Power Grids Wins Rs 165 Crore Order from Indian Oil Corporation

Indian oil company has awarded the project worth rs 165 crore to ABB.

Oil & Gas Trade

U.S. Natgas Trading at Parity with Oil after Crude Price Collapse

The rapid collapse of U.S. oil futures this year caused crude’s premium over natural gas to drop to near parity on.

Oil Price

Oil Price Collapses to Below Zero as Demand Takes a Dive During Pandemic

A key sector of us oil trading collapsed on Monday.

Hydrogen Fuel Cell

Hyundai to Export Hydrogen Fuel Cell Tech

The Ministry of Trade, Industry and Energy announced Monday that it has approved Hyundai Motor’s export of hydrogen fuel cell technologies.

Oil & Gas Trade

African Oil Producers to Readjust Fuel Production in Line with OPEC Advisory

APPO members have committed to cutting daily oil production to 10 million barrels a day, with effect from May 1 2020.