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Russia Says LNG Cargoes From Yamal Arrive In U.S.

Russia Says LNG Cargoes From Yamal Arrive In U.S.

Nov 15, 2018 at 13:26 | Tsvetana Paraskova

At least three tankers loaded with liquefied natural gas (LNG) from Russian LNG facility Yamal have arrived in the United States recently, according to Russia’s Foreign Ministry spokeswoman Maria…

Russia Isn’t Interested In Joining New OPEC-led Oil Output Cuts

Russia Isn’t Interested In Joining New OPEC-led Oil Output Cuts

Nov 15, 2018 at 13:22 | Tsvetana Paraskova

Russia prefers to stay out of any fresh oil production cuts led by OPEC’s leader Saudi Arabia, Reuters reported on Thursday, quoting two high-ranking Russian sources. Russia—which together with…

Aramco Could List Downstream Business

Aramco Could List Downstream Business

Nov 15, 2018 at 10:02 | Irina Slav

As Oilprice.com writer Cyril Widdershoven predicted in an October 2 article, Saudi Aramco is considering the listing of its downstream operations after it completes the acquisition of a sizeable…

South Korea Serious About Ditching Iranian Oil

South Korea Serious About Ditching Iranian Oil

Nov 15, 2018 at 09:18 | Irina Slav

South Korea did not import any Iranian crude oil in October, the second month in a row one of the world’s top oil importers has abstained from buying Iranian crude…

Crude Build Halts Oil Price Recovery

Crude Build Halts Oil Price Recovery

Nov 14, 2018 at 15:57 | Julianne Geiger

The American Petroleum Institute (API) reported a sizeable crude oil inventory build for the week ending on November 9th. The build of 8.79 million barrels was the sixth in as…

India Boosts African Oil Imports To Three-Year High In October

India Boosts African Oil Imports To Three-Year High In October

Nov 14, 2018 at 14:22 | Tsvetana Paraskova

India’s crude oil imports from Africa jumped in October to their highest level in three years as Indian refiners rushed to secure more African barrels amid uncertainties over the…

Experts: Cyberattacks Could Threaten Entire Countries, Not Just Energy Assets

Experts: Cyberattacks Could Threaten Entire Countries, Not Just Energy Assets

Nov 14, 2018 at 13:43 | Tsvetana Paraskova

Cyber attacks have grown bolder and increasingly creative and some of them target the shutting down of entire countries, not just disrupting oil and gas assets or stealing identities, according…

India Ready To Import More U.S. Oil And Gas

India Ready To Import More U.S. Oil And Gas

Nov 14, 2018 at 13:05 | Tsvetana Paraskova

India is ready to import more crude oil and liquefied natural gas (LNG) from the United States to expand bilateral trade, India’s Foreign Secretary Vijay Gokhale said on Wednesday.…

IEA: Soaring Supply Points To Oil Surplus In 2019

IEA: Soaring Supply Points To Oil Surplus In 2019

Nov 14, 2018 at 10:23 | Tsvetana Paraskova

Surging production from the world’s biggest oil producers have more than offset Iranian and Venezuelan supply losses, while demand growth in some developing markets is slowing, pointing to a global…

China Refinery Throughput Keeps Close To Record

China Refinery Throughput Keeps Close To Record

Nov 14, 2018 at 09:51 | Irina Slav

Chinese refineries processed an average of 12.43 million barrels daily last month, a little lower than the September record of 12.49 million bpd but still the second-highest monthly throughput rate…

Nigeria To Lift Crude Oil Production To 1.8 Million Bpd In 2019

Nigeria To Lift Crude Oil Production To 1.8 Million Bpd In 2019

Nov 13, 2018 at 16:51 | Tsvetana Paraskova

Nigeria will raise its crude oil production to 1.8 million bpd in 2019 from around 1.6 million bpd currently, the head of the Nigerian National Petroleum Corporation (NNPC) told

Sudan Set To Launch Oil Bidding Round In Q3 2019

Sudan Set To Launch Oil Bidding Round In Q3 2019

Nov 13, 2018 at 14:27 | Tsvetana Paraskova

Sudan expects it will be able to launch a bidding round for oil and gas blocks in the country in the third quarter of 2019, Sudan’s Petroleum Minister Azhari…

IMF: Recovering Arab Gulf Economies Vulnerable To Oil Prices

IMF: Recovering Arab Gulf Economies Vulnerable To Oil Prices

Nov 13, 2018 at 13:49 | Tsvetana Paraskova

Today’s higher oil prices may have helped Arab Gulf economies to grow again, but risks remain with economies still vulnerable to sharp oil price movements, the International Monetary Fund (IMF)…

IEF Head: Oil Prices To Wobble In $60-80 Range Short Term

IEF Head: Oil Prices To Wobble In $60-80 Range Short Term

Nov 13, 2018 at 12:44 | Tsvetana Paraskova

U.S. sanctions on Iran and OPEC’s efforts to stabilize the price of oil could lead to oil prices fluctuating in the $60 to $80 a barrel range in the short…

U.S. Could Become Single Largest Oil, Gas Producer: IEA

U.S. Could Become Single Largest Oil, Gas Producer: IEA

Nov 13, 2018 at 11:49 | Irina Slav

The United States will be the biggest contributor to global oil production growth in the period to 2040, accounting for 75 percent of the total, the International Energy Agency said…

OPEC Cuts 2018 Oil Demand Growth Forecast By 40,000 Bpd

OPEC Cuts 2018 Oil Demand Growth Forecast By 40,000 Bpd

Nov 13, 2018 at 11:29 | Irina Slav

OPEC expects global oil demand to grow at a daily rate of 1.5 million bpd this year, further slowing down to 1.29 million bpd in 2019, the organization said in…

400,000 Bpd Dalian Refining Complex Gets Greenlighted

400,000 Bpd Dalian Refining Complex Gets Greenlighted

Nov 13, 2018 at 10:19 | JLC

Fujia Group and China Huayang Economic and Trade Group Co. Ltd have signed a strategic cooperation agreement to jointly establish a 20 million mt/year (400,000 bbl/day) refining-chemical complex in Dalian…

Gas Will Become Second-Largest Energy Source By 2040

Gas Will Become Second-Largest Energy Source By 2040

Nov 13, 2018 at 09:40 | Irina Slav

Natural gas will overtake oil as the second most popular energy source for power generation by 2040, the International Energy Agency said in its latest World Energy Outlook, adding…

OPEC’s First Female President May Be Extradited Back To Nigeria

OPEC’s First Female President May Be Extradited Back To Nigeria

Nov 12, 2018 at 17:44 | Tsvetana Paraskova

Nigeria is looking for the extradition of former oil minister and the first female president of OPEC from the UK to face trial in her home country, because a corruption…

China Gets First U.S. LNG Since Slapping Tariff Two Months Ago

China Gets First U.S. LNG Since Slapping Tariff Two Months Ago

Nov 12, 2018 at 17:31 | Tsvetana Paraskova

China has received its first cargo of liquefied natural gas (LNG) from the United States since it imposed in mid-September a 10-percent tariff on U.S. LNG imports in the heated…

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