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China's New Shenzhen Terminal Receives First LNG Cargo

Aug 01, 2018

China National Offshore Oil Company (CNOOC) started operating a new import facility in southern China for liquefied natural gas (LNG), state media reported on Wednesday.The terminal in the city of Shenzhen, near Hong Kong, on Wednesday received a 93…

Plans for Another South Australia LNG Import Plant in the Works

Jul 23, 2018

A private firm is looking to import liquefied natural gas (LNG) to South Australia starting in 2020, around the same time as two other proposed import projects, looking to fill a supply gap as domestic gas gets sucked into LNG exports.Venice Energy…

S.Korea LNG Imports Set to Ease from Record

Jul 20, 2018

South Korean imports of liquefied natural gas are set to ease from record levels racked up in the first-half of the year, with appetite for the fuel from utilities seen fading as a raft of nuclear power stations come back online.The country's…

Japan's LNG Imports Slide to Lowest Since May 2016

Jul 19, 2018

Japanese imports of liquefied natural gas (LNG) in June fell to the lowest in more than two years as the country's utilities switched on more nuclear reactors that had been shut in the wake of the Fukushima atomic disaster in 2011.Japan has…

Largest Oil Shipment Sent from Vancouver to China Since 2015

Jul 18, 2018

An Aframax tanker is scheduled to deliver the largest shipment of crude oil from Vancouver to China since January 2015 later this month, Thomson Reuters trade flow data show.For years, Canadian officials have pushed for an escalation in crude exports to rapidly growing Asian markets…

Ireland to Move Oil Reserves from UK over Brexit

Jul 16, 2018

The Irish government is planning to move 200,000 tonnes of its oil reserves from Britain as part of its Brexit preparations and will sign off on the move this week, Ireland's Sunday Independent newspaper reported.Ministers will sign off on the decision to move the oil…

US Oil Exports to India Soar Ahead of Iran Sanctions

Jul 12, 2018

U.S. crude oil exports to India hit a record in June and so far this year are almost double last year's total as the Asian nation's refiners move to replace supplies from Iran and Venezuela in a win for the Trump administration.U.S. President…

Inpex to Ship First Ichthys LNG Cargo by End of September

Jul 11, 2018

Inpex said it expects to ship first cargo from its Ichthys liquefied natural gas (LNG) project in Australia by the end of September after safety issues have been resolved, maintaining an earlier schedule.Australian regulators had discovered…

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…

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,…

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…

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…

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…

Current News

Abu Dhabi's Al Seer Marine Buys LPG Tanker Duo for $67M to Meet Growing Demand

Abu Dhabi's Al Seer Marine Buys LPG Tanker Duo for $67M to Meet Growing Demand

Oil Plus Wins Produced Water Projects Off Qatar

Oil Plus Wins Produced Water Projects Off Qatar

Western Gas Spuds Sasanof Well, Offshore W. Australia

Western Gas Spuds Sasanof Well, Offshore W. Australia

Equinor Plans Investment Decision on S. Korea Floating Offshore Wind Farm in 2024

Equinor Plans Investment Decision on S. Korea Floating Offshore Wind Farm in 2024

Shell in Talks with Indian Consortium to Sell Russian LNG Plant Stake

Shell in Talks with Indian Consortium to Sell Russian LNG Plant Stake

LNG Prices Could Stay High for a Few Years, Woodside CEO Says

LNG Prices Could Stay High for a Few Years, Woodside CEO Says

LNG Momentum Swinging Back to Asia as Europe Demand Eases: Russell

LNG Momentum Swinging Back to Asia as Europe Demand Eases: Russell
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