Trade
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.