West Africa Oil Faces Crisis as Global Surplus Builds
Millions of barrels of Nigerian and Angolan crude remain unsold in the December and January loading programs, as they struggle to compete with ample supply and cheaper cargoes, traders and…
Russia’s Oil Exports Face Delays as Tankers Take 70% Longer Route
Oil tankers carrying Russian oil appear to be avoiding the fastest Black Sea route to the Turkish straits and travel along the Georgian and Turkish coasts to avoid drone attacks…
Top Exporters Boosted Natural Gas Supply in October
Norway ramped up its pipeline gas exports, Qatar raised its LNG supply, and the United States saw LNG exports hit a record high in October, just as demand in the…
Global Oil Demand Surges Driven by Indian Market Rebound
Global oil demand jumped in October from the previous month and from October last year amid a rebound in India’s product demand, the latest data by the Joint Organizations Data…
Chinese Solar Firms Trim Losses as Beijing Tackles Overcapacity
China’s efforts to reduce overcapacity in the solar manufacturing sector looks to have yielded the first results as domestic firms narrowed their losses in the third quarter. The solar manufacturing…
Trump’s Trade Policies Drive Decline in Asian Imports of U.S. Energy
Falling U.S. energy sales in China and India failed to offset increases elsewhere in Asia as the Trump Administration’s trade policies have upended Asia’s energy imports. While Japan and South…
China’s Gasoline Exports Plummeted 51.7% in November
China’s exports of refined petroleum products last month booked a 2.2% decline on the year to 5.12 million tons, which was an increase on October, by 13.3%. Exports of refined…
Vår Energi Commits $15 Billion to New Norway Offshore Projects
Vår Energi plans to invest around $15 billion in a score of new tieback projects offshore Norway, aiming to keep its oil and gas production at over 350,000 barrels per…
Japanese Company Buys U.S. Shale Assets for $1.3 Billion
Japan’s JAPEX has struck a deal to buy shale oil and gas asset owner Verdad Resources Intermediate Holdings for $1.3 billion, Reuters has reported, adding the company will finance the…
Chlor-alkali firm starts California plant expansion to market by-product hydrogen
US-based K2 Pure Solutions has started expanding its Californian chlor-alkali site with plans to sell by-product hydrogen in the state. The company said its existing plant in Pittsburg would be…
