Trade

Oil & Gas Trade

Crude Oil Futures Were Higher During Mid-Morning Trade in Asia

Crude oil futures were higher during mid-morning trade in Asia Tuesday, amid an expected fall in US crude inventories last week, while market participants were …

Oil & Gas Trade

US Sanctions Have Taken 95% of Iranian Crude Oil Exports Off The World Market

In an appearance at The Economic Club of Washington, DC, Pompeo said sanctions, which were fully imposed in May, have had seemingly no impact on global crude oi…

Oil & Gas Trade

Britain' s Seizure of an Iranian Oil Tanker in Gibraltar is a Violation of the Nuclear Deal

Britain's seizure of an Iranian oil tanker in Gibraltar is a violation of the 2015 nuclear deal, Abbas Araqchi, a senior member of the team who negotiated the d…

Oil & Gas Trade

China’s Customs Authorities Show Iranian Oil Imports Declined Further in June

The latest figures issued by China’s customs authorities show Iranian oil imports declined further in June reaching a low of 208,205 barrels per day, down 60 p…

Oil & Gas Trade

Saudi Arabia is Looking to Raise the Capacity of its East-West Oil Pipeline to 7 Million Bpd

Saudi Arabia, the world’s top crude oil exporter and the largest oil producer in OPEC, is one of the few oil producers in the Middle East that have some altern…

Oil & Gas Trade

Excess Output and Slowing Domestic Demand Forces China to Export Petrol Cargoes

A wave of new production and slowing domestic demand have forced China to export petrol cargoes to Nigeria and Mexico as the Asian country ramps up petrol expor…

Coal Trade

The Coal Industry Won't Obtain Any Investment Or Insurance From Insurance Providers in Australia

The coal industry will no longer be able to obtain investment or insurance from any Australian-based insurance providers, following confirmation by Brisbane-bas…

Oil & Gas Trade

​Venezuela Opposition Divided by Proposal for Iraq-Style 'Oil-for-Food' Program

A proposal to modify U.S. oil sanctions on Venezuela to allow crude exports to be bartered for food has divided the country’s opposition between those who say …

Solar Power Panel

WTO Meeting Once Again Laid Bare the Animosity Between China and the US Over Solar Tariffs

A meeting this week of the World Trade Organisation (WTO) has once again laid bare the animosity between China and the US over solar tariffs, with yet another f…

Oil & Gas Trade

China’s Relationship with Iran is Being Put to the Test After US Sanctions

China’s relationship with Iran is being put to the test after US president Trump slammed sanctions on Chinese state-run energy company Zhuhai Zhenrong for alle…

Oil & Gas Trade

Iran Foreign Minister Said Iran will Use its Best Efforts to Secure the Strait of Hormuz

Iran will secure the Strait of Hormuz and not allow any disturbance in shipping in the key oil transport waterway, Iranian Deputy Foreign Minister Abbas Araqchi…

Solar Power Plant

South Korea Unveils Plans for 2.1GW World's Current Largest Floating Project

South Korea’s Ministry of Trade, Industry and Energy (MOTIE) announced last week that it will develop a 2.1 GW floating solar power plant which, upon completio…

Offshore Wind Power

New PM Told to ‘Take Steps’ on Tory Onshore Wind Policy

New UK Prime Minister Boris Johnson was t old to “take action” on onshore wind as a matter of urgency last night by a renewable energy trade body.

Oil & Gas Trade

China’s Foreign Ministry Said that it Strongly Opposes U.S. Sanctions

China’s foreign ministry said on Tuesday that it strongly opposes U.S. sanctions on a Chinese energy firm for allegedly violating restrictions imposed on Iran…

Oil & Gas Trade

The International Energy Agency is Closely Monitoring Developments in the Strait of Hormuz

The International Energy Agency is closely monitoring developments in the Strait of Hormuz, including the recent seizure of a UK-flagged oil tanker, and stands …