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Gazprom Reports Opal Pipeline At Full Capacity After Court Case

Aug 09, 2017 at 16:38 | Zainab Calcuttawala

Following a German court’s lifting of a restriction on the Opal pipeline last month, Russian gas major Gazprom reported using the line to full capacity on Wednesday. The instance…

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U.S. Set To Become Net Natural Gas Exporter By Year-End

Aug 09, 2017 at 16:19 | Zainab Calcuttawala

The United States should become a net natural gas exporter by the end of 2017, according to the latest Short-Term Energy Outlook (STEO) released by the Energy Information Administration…

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Iranian Firm Signs Oil, Gas Deal with Russian And Turkish Companies

Aug 09, 2017 at 14:41 | Tsvetana Paraskova

Iranian non-governmental firm Ghadir Investment Company has signed a deal with Russia’s Zarubezhneft and Turkish energy company Unit International to finance and develop oil and gas projects in and outside…

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India Cuts Iranian Crude Oil Imports Over Gas Field Snub

Aug 09, 2017 at 13:25 | Tsvetana Paraskova

India has been cutting imports of Iranian crude oil, making good on its promise to reduce imports by around 20 percent this fiscal year ending March 2018, in a…

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EIA STEO Revises Its 2018 US U.S. Crude Oil Production

Aug 09, 2017 at 11:11 | Julianne Geiger

The EIA has adjusted downward its projections for U.S. crude oil production growth in 2018, according to its most recent Short-Term Energy Outlook (STEO) published on Tuesday, but the…

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Traders Hoard LPG Off Singapore Coast

Aug 09, 2017 at 10:44 | Irina Slav

LPG-carrying vessels are piling up off the coast of Singapore as traders await higher prices, Reuters reports, citing industry insiders. According to tanker tracking data from Thomson Reuters, there…

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OPEC Meeting Fails To Impress Market With Reaffirmation

Aug 09, 2017 at 09:27 | Julianne Geiger

Iraq, Kazakhstan, and the United Arab Emirates—three of OPEC’s most disobedient members when it comes to adhering to the production cut deal agreed to in November last year—reaffirmed their commitment…

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API Reports Major Crude Inventory Draw, Surprise Gasoline Build

Aug 08, 2017 at 15:54 | Julianne Geiger

The American Petroleum Institute (API) reported a major draw of 7.839 million barrels in United States crude oil inventories, compared to analyst expectations of a modest draw of

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Six Tankers Idle At Refining Complex Waiting For PDVSA Payment

Aug 08, 2017 at 14:28 | Tsvetana Paraskova

Six tankers carrying oil products have been docked for between a month and a week at Venezuela’s largest refining complex, Paraguana Refining Center (CRP), waiting for cash-strapped state firm PDVSA…

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Shell Aims To Restart Crude Unit At Europe’s Biggest Refinery

Aug 08, 2017 at 14:12 | Tsvetana Paraskova

Shell will try to restart this Friday one of the two crude distillation units at its 404,000-bpd Pernis refinery—the biggest refinery in Europe—after it was shuttered following a fire at…

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