Oil & Gas Trade

Oil & Gas
US and Iran on Collision Course Over Oil Shipments to Venezuela
The first of five Iranian oil tankers headed to Venezuela has arrived, amid tension over the possibility the United States could attempt to halt the deliveries.
Oil & Gas
Lukoil´s 1Q Hydrocarbon Production Fell
In the 1st quarter of 2020 Lukoil's daily hydrocarbon production (excluding the West Qurna-2 project) totaled 2,328 thousand boe per day, which is 2.1% lower ye
Oil & Gas
Malaysia's Petronas to Sell LNG to Chinese Firm's Tank Facility
Malaysia’s Petroliam Nasional Bhd [PETR.UL] has signed a deal to supply liquefied natural gas (LNG) to an ISO tank-filling facility owned by China’s Tiger Cle
Oil & Gas
Chinese Oil Demand has Almost Rebounded to Pre-Pandemic Levels
Oil demand in China has almost returned to its level before the coronavirus pandemic spurred the government to impose lockdowns and shut down industries.
Oil & Gas
Coronavirus Creates Repair Headache for Oil and Gas Industry
The coronavirus pandemic has disrupted maintenance at oil and gas projects and refineries from Russia’s Far East to the coast of Canada, storing up problems fo
Oil & Gas
United States bump LNG exports in March
The United States increased the liquefied natural gas (LNG) exports in March with European countries remaining the top customers.
Oil & Gas
Russia’s Oil Giant Rosneft Quits All Venezuelan Operations
Russia’s largest oil producer, Rosneft, confirmed on Friday that it had discontinued all operations in Venezuela, including in joint ventures, trading, and oil
Oil & Gas
Saudi Oil Rush Threatens to Disrupt Stabilizing U.S. Crude Market
An armada of Saudi tankers brimming with crude heading to American shores is raising concern over storage space just as a U.S. glut shows signs of easing.
Oil & Gas
Pandemic Punches 1.7-Billion-Barrel Hole in Global Oil Demand
The scale of the demand hit means that despite producers implementing unprecedented output cuts, stockpiles will soar this year.
Oil & Gas
Saudi Loss of China Oil Market Share Likely Brief
Saudi Arabia’s loss of oil market share in China last month to Russia and Iraq is likely to be fleeting, with analysts saying shipments from the kingdom to Asi
Oil & Gas
OPEC+ Responds to Oil Market Collapse with Surprise Urgency
The 23-nation coalition is well on its way to cutting 9.7 million barrels of daily crude output, roughly 10% of global supplies.
Oil & Gas
US Oil, Gas Rig Count Hits Record Low for Second Consecutive Week
The rig count, an early indicator of future output, fell by 35 to a record low of 339 in the week to May 15, according to data from energy services firm Baker H
Oil & Gas
Saudi Arabia Announces Additional Voluntary Reduction of Crude Oil Production
Saudi newspapers highlighted in their editorials today a number of issues at local, regional, and international arenas.
Policy & Regulation
USA's Purchase on Sweet Crude Oil will Not Follow Original Plan
US Energy Department says it will buy up to 1 mln bbls of sweet crude oil for strategic reserve from small to midsize domestic producers.
Oil & Gas
OPEC Says Nigeria's Oil Output Dropped Last Month
The Organisation of Petroleum Exporting Countries, OPEC, has put Nigeria’s oil output, excluding Condensate, at 1.78 million barrels per day, m/bd, in April 20

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Saudi Aramco and Sonatrach Cut LPG Osps for Nov by 3-4%

Oil & Gas Trade

US and Iran on Collision Course Over Oil Shipments to Venezuela

Lukoil´s 1Q Hydrocarbon Production Fell

Malaysia's Petronas to Sell LNG to Chinese Firm's Tank Facility

Chinese Oil Demand has Almost Rebounded to Pre-Pandemic Levels

Coronavirus Creates Repair Headache for Oil and Gas Industry

United States bump LNG exports in March

Russia’s Oil Giant Rosneft Quits All Venezuelan Operations

Saudi Oil Rush Threatens to Disrupt Stabilizing U.S. Crude Market

Pandemic Punches 1.7-Billion-Barrel Hole in Global Oil Demand

Saudi Loss of China Oil Market Share Likely Brief

OPEC+ Responds to Oil Market Collapse with Surprise Urgency

US Oil, Gas Rig Count Hits Record Low for Second Consecutive Week

Saudi Arabia Announces Additional Voluntary Reduction of Crude Oil Production

USA's Purchase on Sweet Crude Oil will Not Follow Original Plan

OPEC Says Nigeria's Oil Output Dropped Last Month

Saudi Aramco and Sonatrach Cut LPG Osps for Nov by 3-4%

Venezuela Mulls Proposal to Extend PDVSA-Chevron Oil Joint Venture Through 2047

Venezuela's 2023 Oil Exports Rose, Aided by Us Sanctions Easing

Oil Posts Third Weekly Gain After OPEC+ Cuts and Inventory Declines

Exclusive: Russia Increases Gasoline Imports From Belarus as Domestic Supplies Shrink

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