Trade

Coal Trade

Ukraine to Hit Russian Coal With 65% Tariff in Effort to Reduce Energy Dependence

The Ukrainian government will today introduce a new duty of 65% on coal imports from Russia.

Oil & Gas Trade

Is Saudi Arabia Restarting The Oil War?

Saudi Arabia’s oil giant Aramco has just announced the pricing for its oil for May, with deeper discounts for customers in Asia for the second month in a row, …

Oil & Gas Trade

Crude Cuts: Nigeria to Earn $10.61bn in Eight Months

Nigeria may earn about $10.61bn from crude oil sales between May and December this year following latest decision by members and non-members of the Organisation…

Oil & Gas Trade

Here Is The "Secret Weapon" That Allowed Tiny Oil Producer Mexico To Defy Giant Saudi Arabia

Mexico's annual spending on its hedge with Wall Street banks is shown in the chart below.

Oil & Gas Trade

Trump Confirms U.S. Will Help Mexico Out With Production Cuts

U.S. President Donald Trump on Friday confirmed that the United States would “help Mexico along” in achieving the production requests that OPEC+ has asked it …

Oil & Gas Trade

Iran doesn't Agree with Holding OPEC+ Meet Without Clear Outcome

Iran’s Oil Minister, Bijan Zanganeh, said his country does not agree with holding any OPEC+ meeting in the absence of a clear proposal and expected outcome fro…

Oil & Gas Trade

Gas Prices Drop in West Virginia as Demand Hits Nearly 30-Year Low

AAA reports that the average price of gasoline across northern West Virginia is 5 cents cheaper this week at $1.851 per gallon.

Oil & Gas Trade

Trump Says 'Doesn't Care About OPEC', Will Put Tariffs on Oil Imports If He Has to

President Donald Trump said on Saturday that he "does not care about OPEC" and that he will put tariffs on oil imports to the United States if he has to in orde…

Crude Oil

Fuel Consumption Sees Drastic Drop

Despite petrol bunks having remained open during the lockdown period, the consumption of diesel and petrol has come down drastically.

Oil & Gas Trade

Tunisia and Algeria to Sign a 10 Year Gas Supply Deal

Tunisia and Algeria are to sign a 10 year gas supply deal according to the governments of Tunisia and Algeria represented by their respective Energy and Mines M…

Oil & Gas Trade

Saudi Arabia and Russia Signal Readiness to Cooperate on Oil

Saudi Arabia and Russia signalled on Thursday they were ready to cooperate to help stabilise the oil market after calls with U.S. President Donald Trump to disc…

BP is Pulling Out of Three Trade Groups Over Climate Policies

BP is withdrawing from three trade groups over climate policies, a move that comes after the company vowed to reach net-zero carbon emissions by 2050.

Electricity Trade

Ethiopia Signs $800 Mln Geothermal Power Purchase Agreement

Ethiopia has signed a power purchase agreement worth $800 million with the developers of a 150 MW geothermal plant, the prime minister said on Thursday.

Oil & Gas Trade

Showing Honest Solidarity and Working Remotely ElektroMotion Series Being Supportive Technology

Recently industrial activity has been substantially reduced and labor forces worldwide have been affected heavily.

Oil Shale

U.S. Shale Company Whiting Becomes First Major Bankruptcy of Oil-Price Crash

Whiting Petroleum Corp filed for Chapter 11 bankruptcy, the U.S. shale producer said on Wednesday, the first publicly traded casualty of crashing crude oil pric…