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India Cuts Iranian Oil Imports Ahead of Sanctions

Jul 11, 2018

Indian refiners cut imports of Iranian oil last month as they started weaning their plants off crude from the country to avoid sanctions by the United States that are set to take effect in November.India's monthly oil imports from Iran declined to 592…

Liftboat Milaha Explorer Deployed off West Africa

Jul 10, 2018

Qatar-based maritime and logistics conglomerate Milaha said its liftboat Milaha Explorer has been deployed off the coast of West Africa as part of a long-term charter with a major international oil company.Milaha’s President and CEO, Abdulrahman Essa Al-Mannai…

China Private Refiner Buys Its first Kuwaiti Crude Oil Cargo

Jul 09, 2018

Shandong Dongming Petrochemical Group, China's largest private refiner, has bought a 1.9-million barrel cargo of Kuwaiti crude oil for end-July loading, the first of its kind since the plant started importing the commodity in 2015, company officials said on Monday…

Asian Refiners Rush to Secure Feedstock as Trade War Looms

Jul 06, 2018

U.S. tariffs on Chinese goods came into effect Friday; China retaliates, duty on U.S. crude possible. Asian oil refiners are racing to secure crude supplies in anticipation of an escalating trade war between the United States and China,…

Japan's First LNG Bunkering Vessel to Launch in 2020

Jul 06, 2018

Kawasaki Kisen Kaisha, Chubu Electric Power, Toyota Tsusho, and Nippon Yusen KK said on Friday that their joint venture has placed an order for a liquefied natural gas (LNG) bunkering vessel with Kawasaki Heavy Industries. The vessel, which…

Oil Slips, Weighed by Saudi Output, Trade Spat

Jul 06, 2018

U.S. crude inventories rise unexpectedly; U.S. implements tariffs on Chinese goods on Friday. Oil slipped below $77 a barrel on Friday, under pressure from higher Saudi production and trade tensions between the United States and China, despite support from oil supply disruptions…

Fall from Grace: Batista Gets 30-Years for Corruption

Jul 05, 2018

Eike Batista, the former mining and oil magnate who was once Brazil's richest man, was convicted and sentenced to 30 years in prison for bribing Rio de Janeiro state's disgraced ex-governor, according to a court document published on Tuesday…

China Keeps LNG off Tariff List - for Now

Jul 05, 2018

China embroiled in festering trade dispute with United States even as Chinese imports of U.S. LNG expected to surge -Morgan Stanley. China's omission of liquefied natural gas (LNG) from its vast list of U.S. products that face hefty import…

China, Venezuela Discuss Oil-related Cooperation

Jul 05, 2018

A senior official of China's National Development and Reform Commission (NDRC) and Venezuela's finance minister held discussions in Beijing on Wednesday about oil-related cooperation between the two countries. NDRC Vice-Chairman Ning Jizhe…

Shell CEO: "foolhardy" to Set Carbon Reduction Targets

Jul 05, 2018

CEO says a target will expose Shell to lawsuits; BP has also taken cautious approach on targets. Royal Dutch Shell's boss said it would be 'foolhardy' for the oil and gas producer to set hard targets to reduce carbon emissions as it risked exposing the energy giant to legal challenges…

Dräger Appoints Murray to Senior Management Team

Jul 03, 2018

Dräger Safety UK has appointed Kelly Murray as general manager of its North Sea operations base in Aberdeen. Murray, who has more than 20 years’ experience in operations, engineering and project management in oil and gas, believes Dräger’s…

ExxonMobil Hires Crude Trader in Singapore

Jul 02, 2018

Crude oil trader Michael Huang is expected to join Exxon Mobil Corp in Singapore soon as the U.S. major expands its trading team to sell its oil into China, the world's top importer of the commodity, three industry sources said. Huang was…

Hedge Funds Continue Selling Oil, Especially Fuels: Kemp

Jul 02, 2018

Hedge funds became much more bullish about the outlook for U.S. crude prices last week, following an outage on Canada's Syncrude system, which supplies the U.S. Midwest, and a drawdown in crude stocks around Cushing. But in the rest of the petroleum complex…

CNOOC to Build $2.17B LNG Terminal

Jun 29, 2018

China National Offshore Oil Company, or CNOOC, plans to build a receiving terminal of liquefied natural gas in the eastern province of Jiangsu- expected to cost $2.17 billion, local media reported .The project, located in the city of Yancheng…

Europe's Iranian Oil Purchases Set to Plummet

Jun 29, 2018

Key lender for Europe's oil purchases cuts credit from June 30. European refiners are cutting purchases of Iranian oil faster than expected as the U.S. prepares to reimpose sanctions on Iran, threatening a more severe impact than the last…

Current News

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Iran's South Pars Field Tops 700 MCM/Day Output

Iran's South Pars Field Tops 700 MCM/Day Output

Chinese Refiners Buy Rare North Sea, Guyana Crude at Low Prices

Chinese Refiners Buy Rare North Sea, Guyana Crude at Low Prices

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