Trade

Oil Price

Russia Moves In On European Gas Markets As Oil Prices Crash

Russia sees a silver lining in the oil price collapse—it now believes that the oil price war will help it win the war for natural gas market share in Europe.

Oil & Gas Trade

Oil’s Demand Plunge Doing More Damage than The Price War

Imagine U.S. President Donald Trump makes a deal with Saudi Arabia and Russia to cut oil production. Envisage Washington, Moscow and Riyadh going big, each cut…

Oil & Gas Trade

Energean Secures Gas Prices for 70% of Output

Israeli gas-focused company Energean said Tuesday it’s well-placed to weather the challenges currently posed to the industry.

Oil & Gas Trade

Papua New Guinea LNG Sells Cargo at $4/MmBtu

ExxonMobil sold a shipment of liquefied natural gas in April for nearly $4 per million British thermal units.

Electric Power Tech Korea

"The Leading Trade Fair for Electric Power and Technology"Electric Power Tech Korea is an event involving the electrical and electronics industry. The event is …

Oil & Gas Trade

Azerbaijan's BTC Pipeline Jan-Feb Oil Exports Down 7.3 Per Cent yr/yr

Azerbaijan's total oil exports in January-February totalled 6.271 million tonnes, about 80 per cent through the BTC.

Oil & Gas Trade

PetroVietnam Says Considers Stockpiling Oil Amid Low Prices

Vietnam Oil and Gas Group, known as PetroVietnam, said on Wednesday it was considering stockpiling crude oil amid low prices while exploring measures to cope wi…

Oil Price

Russia Sees Oil & Gas Income Fall By Almost $40 Billion

Russia’s revenues from oil and gas will be US$39.5 billion (3 trillion rubles) lower than planned, due to the tumbling oil prices, Russian Finance Minister Ant…

Oil & Gas Trade

China's Major Oilfields Maintain Pace Amid Oil Crash

Crude oil prices dropped below break-even operating expenses for Chinese oil companies, but major oil fields have maintained stable production. Faced with press…

Coal Trade

China's January-February Coal Output Drops 6.3% as Coronavirus Disrupts

China's coal output in the first two months of 2020 fell 6.3% from the same period a year earlier as the coronavirus outbreak stopped miners from getting back t…

Oil & Gas Trade

Venezuela Looks To Play Mediator Between OPEC And Russia

Venezuela is in discussions with OPEC and Russia about the current oil price collapse, Nicolas Maduro said on Thursday at a press conference shown on Twitter, a…

Oil & Gas Trade

Worldwide Oil Price Drop to Curb Turkey's Gas Import Costs by 30%

​The drop in oil prices could lead to a 30% decrease in Turkey's long-term natural gas contracts with Russia, Iran and Azerbaijan, experts predict.

Oil & Gas Trade

The World’s Biggest Oil Trader Negotiates Venezuela Oil Purchase

The largest independent oil trader in the world, Vitol Group, is discussing the purchase of Venezuelan crude oil from a Mexican firm that had received the crude…

Oil & Gas Trade

Oil Crisis Deepens in Libya as Losses Exceed $3 billion

The oil crisis in Libya is deepening as a blockade of the country’s vital oil fields generated losses of more than $3 billion, the national oil corporation ann…

Oil & Gas Trade

COVID-19 Impact on Chinese LNG Imports Dwindles

China's liquefied natural gas (LNG) imports during March have reached the same levels as last year's figures. Recent data has revealed the coronavirus impact is…