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Oil Climbs as OPEC Output Drop Eases Concerns About Glut

Jan 18, 2019

Oil prices rose on Friday after an OPEC report showed its production fell sharply last month, easing some concerns about prolonged oversupply.Brent crude was up 48 cents, or 0.78 percent, at $61.66 a barrel at 1450 GMT. Brent has risen around 2 percent this week…

Moody's Says Global Oil and Gas Heads into 2019 on Steady Footing

Jan 06, 2019

The global Oil and natural gas prices will be volatile, but also range-bound in 2019, Moody's Investors Service says in its annual report outlining key credit themes in oil and gas for the year ahead.While the recent announcement that OPEC and…

Ørsted Shelves Taiwan Projects

Jan 02, 2019

Danish energy group Orsted will put new major projects in Taiwan on hold after it failed to sign a power purchase agreement (PPA) for two offshore wind farm projects, the company said on Wednesday.Taiwan, which has made a big push to attract investments into renewable technology…

JERA Joins Taiwan, UK Offshore Wind Projects

Jan 02, 2019

Japanese energy group JERA joined  in the Formosa 1 offshore wind power project in Taiwan and Gunfleet Sands offshore wind power project in the U.K.JERA has entered into an agreement with Macquarie Capital and Swancor to acquire a combined 32…

China's LNG Imports Hit Record High

Dec 23, 2018

China's imports of liquefied natural gas (LNG) in November surged to a new record as the country briskly promotes the green fuel to clean its energy mix, said a report in Xinhua.In November, LNG imports totaled 5.99 million tons hitting a new record…

Oil Surges 5 Percent

Dec 03, 2018

Oil prices jumped by more than 5 percent on Monday after the United States and China agreed to a 90-day truce in a trade dispute, and ahead of a meeting this week of the producer club OPEC that is expected to cut supply.U.S. light crude oil rose $2…

Tank Storage Association Cautious on EU's Approval of Brexit

Nov 26, 2018

European Union (EU) leaders approved the agreement on the UK’s withdrawal and future relations with the EU.Tank Storage Association (TSA) recognises that the agreement still needs to go through the UK Parliamentary process before it is approved…

Oil Prices Fall as Global Supply Rises

Oct 31, 2018

Oil prices fell for a third day on Wednesday on evidence of rising global supply despite the imposition of U.S. sanctions next week that are already curbing Iranian crude supply.Benchmark Brent crude oil was down 40 cents at $75.51 a barrel by 1410 GMT…

Germany Reaches Deal to Boost Renewable Energy Capacity -SPD

Oct 31, 2018

Chancellor Angela Merkel's CDU and its Social Democrat (SPD) partners have agreed to keep their promise to speed up the expansion of renewable power installations, ending months of wrangling, an SPD spokeswoman said on Wednesday.Renewable energy…

Oil Prices Fall 2% on Rising Supply and Trade War

Oct 30, 2018

Oil prices fell more than 2 percent on Tuesday on signs of rising supply and concerns that global economic activity and fuel demand would be hit by a deepening U.S.-China trade dispute.Benchmark Brent crude oil fell by $2.25 a barrel to a low of $75…

Next-wave LNG Race Hits Hurdles in US-China Trade War

Oct 30, 2018

The delay of a U.S. Gulf Coast liquefied natural gas (LNG) export project has crystallized fears that the U.S. trade battle with China is hampering efforts to line up buyers needed to move ahead with multi-billion-dollar builds.The United States…

Oil Falls as Concern Deepens Over Global Economic Outlook

Oct 29, 2018

Oil prices dropped on Monday as concern over the global economy put crude on track for its biggest monthly fall since mid-2016.Brent crude oil futures had fallen 58 cents to $77.04 a barrel by 1423 GMT. U.S. crude futures were down 63 cents at $66…

US Downplays Impact on LNG Exports from China Trade Spat

Oct 22, 2018

Growing demand from other countries for U.S. liquefied natural gas (LNG) means that the United States is not concerned about a decline in exports to China amid the trade dispute between the countries, a U.S. government official said on Monday…

US Energy Exports to China Plummet

Oct 18, 2018

It's probably not the kind of success U.S. President Donald Trump had in mind, but his trade dispute with China has effectively killed off the burgeoning energy trade between the world's two biggest economies.China's imports of U.S. crude oil…

Oil Prices Rise as Iranian Crude Exports Fall

Oct 09, 2018

Oil prices rose on Tuesday on growing evidence of falling crude exports from Iran, OPEC's third-largest producer, before the imposition of new U.S. sanctions and a partial shutdown in the Gulf of Mexico because of Hurricane Michael.Benchmark Brent crude jumped by $1…

Current News

Asia Pacific’s Decarbonization Bill to Hit $3.5 Trillion in 2040

Asia Pacific’s Decarbonization Bill to Hit $3.5 Trillion in 2040

China Expects Balanced Energy Supply/Demand

China Expects Balanced Energy Supply/Demand

India to Invite Foreign Investment in State-owned Oil Companies

India to Invite Foreign Investment in State-owned Oil Companies

Southeast Asia Bullish on OFS Market

Southeast Asia Bullish on OFS Market

BMT Delivers Real Time Monitoring for Helang FPSO

BMT Delivers Real Time Monitoring for Helang FPSO

Saipem Inks Deal with Daewoo for Onshore Projects

Saipem Inks Deal with Daewoo for Onshore Projects

Indonesia Inks 20-year PSC for Corridor Block

Indonesia Inks 20-year PSC for Corridor Block

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