Oil & Gas Trade

Oil & Gas
Saudi Arabia, UAE and Allies Announce Surprise Oil Production Cuts
Saudi Aramco's Ras Tanura oil refinery and oil terminal. Opec+ members Saudi Arabia, the UAE, Iraq, Kuwait and Algeria have agreed to voluntary oil producti
Oil & Gas
Saudi Aramco Buys 10% Stake in China’s Rongsheng Petrochemical in $3.6BN Deal
Aramco will supply 480,000 bpd of Arabian crude oil to Rongsheng affiliate Zhejiang Petroleum and ChemicalSaudi Aramco said the deal with Shenzhen-listed petroc
Oil & Gas
Iraq Halts Kurdish Region Oil Exports Through Turkey After Winning Arbitration
A delegation from the Oil Ministry will travel to Turkey soon to meet energy officials to agree on new mechanismTurkey has said it will not export crude from Ir
Oil & Gas
Saudi Aramco Is ‘Doubling Down’ on China’s Energy Supply, Chief Executive Says
The country is expected to import a record amount of crude this year amid an economic reboundSaudi Aramco's chief executive Amin Nasser. Saudi Arabia export
Oil & Gas
Venezuelan Oil Minister Resigns on Investigation
Venezuela's oil minister Tareck El Aissami offered his resignation after three years in the post in the wake of a corruption investigation into state-owned
Oil & Gas
IMF: Libya’s Economy Will Depend on Oil and Gas Production for the Foreseeable Future
The country faces the challenge of reducing its reliance on hydrocarbons, while fostering stronger and more inclusive private sector-led growth, lender says
Oil & Gas
Oil Spill Fear After Fatal Explosion on Chevron FSO Offshore Thailand
One contractor killed in incident on the Benchamas 2Government agencies are on alert for a potential oil spill from the floating storage and offloading (FSO) ve
Oil & Gas
Russian Exports: Shipments Fall on Black Sea Storms, Druzhba
kidsnord/ShutterstockRussia’s crude oil exports declined by nearly 9% in February due mainly to port stoppages in Novorossiysk and lower flows to Europe.C
Oil & Gas
Egypt to Announce New Energy Strategy in Coming Weeks
Decarbonisation, natural gas and hydrogen will be key elements of transition plan to reach 42 per cent renewable energy by 2030
Oil & Gas
Bahrain Explores Constructing LNG Export Facility
Bahrain aims to slash domestic natural gas consumption under a plan to decarbonize its economy and is exploring ways to export the fuel to international markets
Oil & Gas
Biden Sets Sights on Scrapping Oil and Gas Subsidies
The Biden administration is planning to eliminate subsidies for the oil and gas industry in its next budget, Reuters has reported, citing a White House document
Oil & Gas
Slim Bunker Demand Pressures Low-Sulphur Fuel Oil
The increased use of vessel exhaust scrubbers has boosted HSFO demand, narrowing the spread with lower-sulphur bunker fuel, write Sammy Six and Sarah GiamVery-l
Oil & Gas
Oil Stays Firm on China Growth Hopes
Oil prices rose in Asian trade, supported by hopes a solid economic rebound in China will drive up fuel demand, offsetting worries about further US interest rat
Oil & Gas
Benchmarking: Outlook for Demand, Global Balances Diverge
Watch The World/ShutterstockAlthough macroeconomic concerns loom large in the foreground, oil consumption will grow by an average 1.75 million b/d among major f
Oil & Gas
Cornwall Insight Responds to the Announcement of the April Price Cap
Dr Craig Lowrey, Principal Consultant at Cornwall Insight said:Following the announcement by Ofgem that April’s Default Tariff Cap (price cap) will fall t

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Exxon and QatarEnergy's joint venture Golden Pass produces first LNG at new Texas facility

Oil & Gas Trade

Saudi Arabia, UAE and Allies Announce Surprise Oil Production Cuts

Saudi Aramco Buys 10% Stake in China’s Rongsheng Petrochemical in $3.6BN Deal

Iraq Halts Kurdish Region Oil Exports Through Turkey After Winning Arbitration

Saudi Aramco Is ‘Doubling Down’ on China’s Energy Supply, Chief Executive Says

Venezuelan Oil Minister Resigns on Investigation

IMF: Libya’s Economy Will Depend on Oil and Gas Production for the Foreseeable Future

Oil Spill Fear After Fatal Explosion on Chevron FSO Offshore Thailand

Russian Exports: Shipments Fall on Black Sea Storms, Druzhba

Egypt to Announce New Energy Strategy in Coming Weeks

Bahrain Explores Constructing LNG Export Facility

Biden Sets Sights on Scrapping Oil and Gas Subsidies

Slim Bunker Demand Pressures Low-Sulphur Fuel Oil

Oil Stays Firm on China Growth Hopes

Benchmarking: Outlook for Demand, Global Balances Diverge

Cornwall Insight Responds to the Announcement of the April Price Cap

Exxon and QatarEnergy's joint venture Golden Pass produces first LNG at new Texas facility

Slovakia shows interest in gas from Romania's Neptun project

Petron secures 2.5M barrels of Russian crude oil

Algeria and Spain in talks to increase gas supply

New Zealand's Oil Refinery Set to Convert Into Import Terminal

Shell Swings to Loss on $16bn Impairment Charge but Pays Dividend