Trade

Oil & Gas Trade

U.S. Imposes Sanctions on Wandering Iranian Oil Tanker

The Treasury Department on Friday imposed sanctions on an Iranian oil tanker at the center of a power struggle between the United States and Iran, a move that t…

Oil & Gas Trade

Gazprom Conceded for Decline in European Gas Exports, Prices

Kremlin-controlled energy giant Gazprom on Thursday conceded for the first time that its gas exports to Europe, as well as its prices, will decline in 2019 foll…

Oil & Gas Trade

BP to Exit Alaska in $5.6 Billion Deal with Hilcorp

British oil major BP Plc (BP.L) on Tuesday agreed to sell all its Alaskan properties for $5.6 billion to privately held Hilcorp Energy Co, exiting a region wher…

South Korea Plans to Cut Its Primary Energy Consumption By 14% By 2030

The Ministry of Trade, Industry and Energy of South Korea has unveiled plans to cut its primary energy consumption by 14% by 2030, which could help the country …

Oil & Gas Trade

Oil Pipeline Vandalism In Nigeria Soars 77%

The Nigerian National Petroleum Corporation (NNPC) said on Sunday that it had seen a 77-percent jump in the number of cases of oil and fuel pipeline vandalism o…

Oil & Gas Trade

Iranian Spokesman Says Oil Aboard Tanker has been Sold

An Iranian government spokesman says the oil aboard an Iranian tanker pursued by the US has been sold to an unnamed buyer. The Adrian Darya, previously known as…

Oil & Gas Trade

Iran's Foreign Minister Arrived at the G7 Summit for Surprise Side Talks

Iran's foreign minister flew in for side talks at the G7 summit on Sunday as host France ramped up efforts to ease tensions between Tehran and Washington, a dra…

Oil & Gas Trade

Crude Oil Futures were Lower, Cause Escalating Trade Tensions Between the US and China

Crude oil futures were lower during mid-morning trade at the start of a brand new trading week in Asia Monday amid escalating trade tensions between the US and …

Oil & Gas Trade

Is China Blocking Vietnam’s Access To $2.5 Trillion In Oil & Gas?

The United States has China of interfering with oil and gas drilling operations off the coast of Vietnam in the disputed waters of the South China Sea. This is …

Coal Trade

Report Shows: China Injected $1b in "Green" Financing to Coal-Related Projects

Chinese financial institutions provided at least $1b in “green” financing to coal-related projects in the first half of this year, Reuters reported in a revie…

Oil & Gas Trade

World's Biggest Oil Hedge May Not Happen After All

Despite its track record for turning a sizable profit from its super-secret oil hedge, Mexico may not go through with its massive hedge this year, according to …

Oil & Gas Trade

Brazil Contracts 1.14 Billion Litres in The 68th Biodiesel Auction

Brazil's Petroleum, Natural Gas and Biofuels Agency (ANP) announced on Tuesday that almost 1.14 billion litres (301.15m gallons) have been contracted in the 68t…

Oil & Gas Trade

Washington' s Decision to Reimpose Sanctions on all Purchases of Iran' s Crude

The United States has removed nearly 2.7 million barrels of Iranian oil from global markets daily as a result of Washington’s decision to reimpose sanctions on…

Oil & Gas Trade

U.S.-China Trade Tensions would Ease and on Hopes, Crude Oil Prices held mostly Steady

Crude oil prices held mostly steady on Tuesday on optimism that U.S.-China trade tensions would ease and on hopes that major economies would enact stimulus meas…

Oil & Gas Trade

The US Conveyed its“Strong Position” to the Greek Government about an Iranian Tanker

The United States has conveyed its “strong position” to the Greek government about an Iranian tanker that sailed for Greece on Monday after it was freed from…