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Oil & Gas Trade

Saudi Arabia's Oil Exports to Drop in May as Demand Slides

Saudi oil exports are expected to fall to about 6 million barrels a day in May, the lowest in nearly a decade.

Variable speed drive system for petrochina west pipeline company

Tenders are invited for Variable speed drive system for petrochina west pipeline company

Oil & Gas Trade

Russia Halves Western Sea Oil Exports in May after OPEC+ Deal

Russia plans to halve oil exports from its Baltic and black sea ports in May.

Crude Oil

Russia Cuts European Sea Ports Oil Exports To 20-Year-Low

Exports of Russia’s key export blend Urals are expected to slump to the lowest level since at least the early 2000s, according to data from Refinitiv Eikon.

Market Analysis

America’s Green Fuel Is Likely to Escape Negative Prices

The American ethanol industry has been absolutely pummeled in the last year, forcing a wave of production shutdowns across the Midwest.

Gas Storage Method may Help Next-Generation Clean Energy Vehicles

A research team led by Northwestern University (NU) has designed and synthesized new materials with ultrahigh porosity and surface area for the storage of hydro…

Construct 80-mw Solar Plant In Ohio

The Ohio Power Siting Board has given the green light to the project, which will be executed on 610 acres (246.9 ha) of land in Brown and Clermont Counties in t…

CNPC

CNPC Starts Building a 5.6 bcm Gas Storage Project in Xinjiang (China)

China National Petroleum Corporation (CNPC) has started to build the Wenjisang gas storage cluster project in Tuha Oilfield in the Xinjiang Uygur Autonomous Reg…

Hydropower Plant

US, China to Cooperate on Hydropower Plant in Turkey

Turkey will collaborate with China and United States to build a pumped-storage hydropower plant in the Isparta province, in the western Anatolian region, Anadol…

Oil Price

US Oil "Technically Worthless," and Coal Plants Shuttered, as a Tidal Wave of Bankruptcies Looms

May contracts for West Texas Intermediate (WTI) crude oil went as low as -$37.63 on Monday.

Construct 80-mw Solar Plant In Ohio

The Ohio Power Siting Board has given the green light to the project, which will be executed on 610 acres (246.9 ha) of land in Brown and Clermont Counties in t…

Oil Price

Oil Price Plunges to 22-Year Low on Concerns Over Storage, Weakening Economies

Oil prices fell Monday, with a U.S. crude futures contract hitting its lowest level since 1998.

LNG

Construction of First Gas Storage Cluster Begins in Western China

The construction of China's first natural gas storage cluster has begun in the west of the country, with total investment reaching 7 billion yuan ($990 million)…

Geothermal Power Plant

ZAMBIA: Towards Exploitation of a Geothermal Site Around River Bweengwa

Kalahari's GeoEnergy company is evaluating the feasibility of a geothermal site around the Bweengwa River west of Lusaka, the capital of Zambia.

Crude Oil

OPEC Still has an Important Role to Play in Global Oil Market

Scan Western news about OPEC from the last few years, and a common observation tends to appear: OPEC had a huge influence on the global oil market back in the d…