Crude Oil , Trade , International

OPEC's Share of Indian Oil Imports Falls to 15-year Low

OPEC's share shrunk as refiners increased imports from Canada and the United States, data shows.

January 20, 2022

Crude Oil , Trade

US Awards Fifth Exchange of Crude Oil from Strategic Reserves

Combined, the U.S. Energy Department has so far released more than 8 million barrels of the 32 million in exchanges of Strategic Petroleum Reserve oil outlined in November.

January 18, 2022

Crude Oil , Imports , International

China Agrees with US to Release Oil Reserves near Lunar New Year

The release of crude stocks by China will occur around Lunar New Year, which falls on Feb. 1, the sources said. 

January 14, 2022

Natural Gas , Trade , International

Russia Undermining European Gas Supply amid Ukraine Standoff, IEA Says

In contrast to its dealings with the European Union, Russia is delivering natural gas exceeding its contractual commitments to China, Birol added.

January 12, 2022

Crude Oil , Trade

White House Welcomes OPEC+ Decision to Stick with Planned Output Increase

In prior months, the Biden administration blasted identical increases in production by OPEC+ as insufficient, and criticized the group of producers for hobbling the economic recovery.

January 5, 2022

Crude Oil , Trade , International

OPEC+ Report Sees Short-lived, Mild Impact from Omicron Variant

“The impact of the new Omicron variant is expected to be mild and short-lived, as the world becomes better equipped to manage COVID-19 and its related challenges,” the OPEC+ report said.

January 4, 2022

Crude Oil , Trade , International

Iran Oil Exports Focus of Vienna Nuclear Talks, Top Iranian Diplomat Says

In 2018, then U.S. President Donald Trump reimposed stringent economic sanctions against Tehran.

December 27, 2021

Liquefied Natural Gas (LNG) , Trade , International , Midstream

US-based Venture Global Signs Supply Deal with China’s Largest LNG Importer

Ventura Global’s agreement marks the first LNG supply agreement signed by a U.S. exporter with CNOOC, China’s largest importer of LNG.

December 21, 2021

Natural Gas , Trade , International , Pipelines

Gas Prices Surge in Europe as Russia’s Yamal Pipeline Exports Fall

“The renewed drop in flows to northwest Europe along one of three main pipelines coincides with both the start of linepacking of string 2 of Nord Stream 2, as well as unseasonably cold weather in Russia,” ICIS analysts said.

December 20, 2021

Petrochemicals , Trade

US Gasoline Prices Fall a Little Or a Lot, Depending Where You Are

The main reason gasoline prices are lower has been the falling price of crude oil, which makes up more than half of the price of gasoline.

December 20, 2021