Trade

Crude

China Trade War and the Growth of American Oil Supply will Keep Crude Prices in Check

China trade war and the growth of American oil supply will keep crude prices in check, not with standing Middle East tensions, according to the head of one of I…

Oil & Gas Trade

Japan will Continue Importing Crude Oil from the Middle East

Japan will continue importing crude oil from the Middle East despite escalating tensions in the Strait of Hormuz, but will also make efforts to diversify supply…

Oil & Gas Trade

U.S. Sanctions Chinese State Energy Company Zhuhai Zhenrong Co. Ltd. for Buying Oil From Iran

In an address at an event in Florida on Monday, U.S. Secretary of State Mike Pompeo said that the United States has blacklisted Chinese state energy company Zhu…

U.S. Ethanol Plants are Expected to Sharply Curtail Production Due to China Trade War

U.S. ethanol plants are expected to sharply curtail production in the weeks ahead as steep Midwest corn prices and the U.S.-China trade war have led to weak mar…

Oil & Gas Trade

Britain has Called Iran's Capture of the Stena Impero is a "hostile act"

Iran's ambassador to Britain warned against escalating tensions on Sunday as a UK official declined to rule out sanctions in response to Tehran's seizure of a B…

Electricity Trade

Nigeria to Sell 10 electricity Utilities to Boost Power Supply in the West African

Nigeria plans to sell 10 electricity generation companies to private investors this year as it seeks to boost power supply in the West African nation, the Guard…

Oil & Gas Trade

Millions of Barrels of Iranian Oil Are Piled Up in China’s Ports

Tankers are offloading millions of barrels of Iranian oil into storage tanks at Chinese ports, creating a hoard of crude sitting on the doorstep of the world’s…

Oil & Gas Trade

Iran Says Tanker Incidents Have Not Impacted Its Oil Exports

Britain has called Iran's capture of the Stena Impero in the Gulf on Friday a "hostile act" and rejected Tehran's explanation that it seized the vessel because …

LNG

​Italian and Chinese Majors Vie for Pakistan's Mega LNG Tender

​Italian oil major Eni, China’s overseas energy unit PetroChina and two trading houses are vying to supply liquefied natural gas (LNG) to Pakistan in a tender…

Oil & Gas Trade

Chinese Oil Refiners Want Changes to Tax Laws on the Consumption and Sale of Fuel Oil

Chinese oil refiners want changes to tax laws on the consumption and sale of fuel oil in order to start producing low-sulphur marine fuel when new global clean …

Oil & Gas Trade

Gas is Not a Profitable Business and It is a Byproduct Now

Bakken producer Northern Oil and Gas chief financial officer Nick O'Grady described natural gas as "a byproduct" Wednesday, as exploration and production compan…

Oil & Gas Trade

China Exported 1,536 Tons of Refined Oil to North Korea in May

The May figure brought China's cumulative supply of refined oil products to the North to 5,730 tons this year, the report posted on the website of the sanctions…

Oil & Gas Trade

IEA Said “It Does Not Change the Fundamental Outlook of an Oversupplied Market”

The extension of the OPEC+ cuts through the first quarter of 2020 removes a major uncertainty, but the IEA said it “does not change the fundamental outlook of …

Oil & Gas Trade

The UK Drop into the Broader Tensions between The U.S. and Iran

The UK move against the tanker, whether directly instigated by the United States or not, immediately drew the UK into the broader tensions between the U.S. and …

Pentagon Assessed American Rare Earths Capability Amid the Country's Trade Conflict with China

The Pentagon is rapidly assessing the United States’ rare earths capability in a race to secure stable supply of the specialized material amid the country’s t…