Energy trade with China will remain strong in the long-term, officials said on Wednesday at a China-U.S. oil and gas forum in Houston, even as an escalating trade dispute hits U.S. exports of natural gas.Cooperation could be expanded and more…
Russia's Gazprom plans to start its export gas auctions from Sept. 17 for deliveries to Germany, Austria and Slovakia, Interfax news agency reported on Friday.Gazprom began experimenting with auction sales a couple of years ago as a possible…
* Indonesia expects to issue rules next week prioritising Pertamina and other domestic refinery operators in sales of crude oil produced locally by contractors, Oil and Gas Director Djoko Siswanto said on Wednesday* The rules require Pertamina…
Oil and gas producer Southwestern Energy Co said on Tuesday it would sell its Fayetteville shale business to privately owned Flywheel Energy LLC in an all-cash deal for about $1.87 billion.As part of the deal, Flywheel will assume $438 million of future contractual liabilities…
An overhang of homeless crude in the Atlantic Basin has halved in recent weeks, suggesting oil traders are bracing for a further supply loss from Iran due to U.S. sanctions and a new rally in prices.Iran's oil exports are already dropping fast…
Russian oil pipeline monopoly Transneft's first-half net profit fell 19.2 percent year on year to 92.1 billion roubles ($1.38 billion), the company said on Tuesday.Transneft's first-half earnings before interest, tax, depreciation and amortisation (EBITDA) stood at 208…
India's Vedanta Wins 41 Blocks in Small Field Auction* Billionaire Anil Agarwal-led Vedanta Ltd has won 41 of the 55 blocks auctioned under India's first licensing round for small discovered fields-India's upstream regulator* State-run Oil India…
An OPEC and non-OPEC monitoring committee found that oil producers participating in a supply-reduction agreement cut output in July by 9 percent more than called for in their pact, two sources familiar with the matter said on Monday.The committee groups representatives from Saudi Arabia…
A weaker global economic growth outlook and a report of rising U.S. crude inventories weighed on oil prices on Wednesday, even as U.S. sanctions threatened to curb Iranian crude supplies.Benchmark Brent crude oil was down 60 cents a barrel at $71…
Oil prices edged lower on Monday as troubled emerging markets and trade tensions dented the outlook for fuel demand, though U.S. sanctions against Iran could mean tighter supply ahead. Brent crude futures fell 14 cents to $72.67 a barrel by 11:18 a…
Russia largely failed in its bid to overturn the European Union's gas market rules in a World Trade Organization ruling published on Friday.Russia launched the dispute in 2014, claiming that the EU's 'Third Energy Package' discriminated against…
India launched its second auction of small discovered oil and gas blocks on Thursday, as the south Asian nation looks to quickly monetise its hydrocarbon resources.The bidding for 59 fields will begin in the first week of September and will close on Dec…
Oil prices fell on Wednesday after Chinese import data showed a slowdown in demand and as a trade dispute between Washington and Beijing escalated further.U.S. crude futures fell more than $1 per barrel to $68.13 after China said it was retaliating against U…
Russia's Rosneft more than triples Q2 net profit, shares hit recordRussia's largest oil producer Rosneft said on Tuesday its second-quarter net profit more than tripled to 228 billion roubles ($3.6 billion) on higher production and prices, pushing its shares to an all-time peak…
Saudi Arabia and Russia started to raise their oil production several weeks before the formal decision to increase output was taken by OPEC and its allies towards the end of June.Saudi Arabia increased its production to 10.49 million barrels per day (bpd) in June from 10…
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