Trade

Oil & Gas Trade

India, Russia Initiate Talks for Long-Term Oil Supply

India and Russia have begun negotiations on an agreement for long-term assured supplies of crude oil, especially from Russia’s Far East region, as New Delhi lo…

Oil & Gas Trade

Iraq Warns of 'Collapse' if Washington Blocks Oil Cash

BAGHDAD-Iraqi officials fear economic "collapse" if Washington imposes threatened sanctions, including blocking access to a US-based account where Baghdad keeps…

Oil & Gas Trade

The Battle For Suriname’s Oil Is About To Begin

The discovery of a significant oil field off the coast of Suriname has grabbed headlines in the past few weeks. With less than a million inhabitants and a GDP p…

Crude

China’s Top Oil Firm Sees Demand Growth Cut in Half in 2020

The world’s biggest oil import market could see demand growth in 2020 of just half of last year’s levels as the trade war’s ripple effects continue to be fel…

Market Analysis

Quest for Blue Skies Poised to Propel up China’s Gas Imports

China’s Blue Sky Policy envisages boosting the share of natural gas in the energy mix from currently 7.5 percent to 15 percent by 2030 which requires substanti…

Oil & Gas Trade

Putin Says Nord Stream 2 Pipeline to be Completed by Early 2021

Russian President Vladimir Putin said Saturday that he hopes work on the Nord Stream 2 gas pipeline will be finished by early next year.

Oil & Gas Trade

Congo Wants to Sell Gertler’s Oil Blocks on Ugandan Border

Congo Kinshasa is forming a plan to take back two oil blocks from sanctioned Israeli billionaire Dan Gertler and sell them to another company.

Oil & Gas Trade

Woodside JV Approves Senegal's First Oil Project

Oil and gas major Woodside Petroleum on Friday announced that the joint venture (JV) partners have approved the development of Phase 1 of the Sangomar field dev…

Oil & Gas Trade

Russia, Turkey Open TurkStream Gas Pipeline

Russian President Vladimir Putin and his Turkish counterpart, Recep Tayyip Erdogan, Wednesday opened the taps of the TurkStream natural gas pipeline, officially…

Oil & Gas Trade

China Opens Oil and Gas Exploration to Foreign Firms

China will allow foreign companies to take part in oil and gas exploration and production in the country, in what officials hailed Thursday (Jan 9) as a "major …

Oil & Gas Trade

Mozambique Signs Gas Importation Agreement for Beluluane Gas-Fired Power Plant

Mozambique has signed an agreement deal with France to import liquefied natural gas (LNG) that will be needed for a major gas-fired power station planned for Be…

Oil & Gas Trade

Russia Begins TurkStream Gas Flows to Greece, North Macedonia

Russia has started European gas deliveries through the new TurkStream pipeline to Turkey, Bulgaria’s Bulgartransgaz said on Sunday, as Moscow looks to reduce s…

LNG

Qatar Petroleum and Kuwait Petroleum Corporation Sign Agreement to Supply 3 Million Tons of LNG

Qatar Petroleum and Kuwait Petroleum Corporation (KPC) entered into a long term Sale and Purchase Agreement for the supply of up to 3 million tons per annum of …

Oil & Gas Trade

Oil Buyers Fear Iraqi Supply Hit, in Spillover from Iran Crisis

Oil buyers in Asia are increasingly wary that Iraq’s entanglement in the worsening dispute between the U.S. and Iran could disrupt shipments from one of their …

Oil & Gas Trade

Baltic Pipeline Opens to Ease Natural Gas Dependence on Russia

Stored natural gas has begun flowing to Finland from Latvia through the new Balticconnector pipeline in a bid to ease the region's dependence on Russian gas.