China Secures Record Russian Oil Imports as India Reduces Purchases
China’s oil imports from Russia are on track for all-time high of over 2 million barrels per day in February as India is withdrawing from Russian spot purchases and supply…
New Discovery Bolsters Equinor’s North Sea Production Future
Equinor and its partners have made an oil and gas discovery in a prospect near the Gullfaks field in the northern part of Norway’s North Sea, the Norwegian Offshore Directorate…
European Gas Prices Slide as Mild Weather Tempers Supply Fears
Despite fast-depleting gas inventories, Europe’s benchmark natural gas prices plummeted by more than 5% early on Monday as forecasts of milder weather ahead and a plunge in the U.S. benchmark…
Saudi Oil Exports to China Set to Soar as the Kingdom Slashes Prices
Near-term demand for Saudi Arabia’s oil in China is soaring after the Kingdom early this month slashed its official selling prices (OSPs) for Asia to the lowest level versus regional…
EBW Warned of Faltering Gas Demand Heading into Holiday Weekend
In a U.S. natural gas focused EBW Analytics Group report sent to Rigzone by the EBW team on Friday, Eli Rubin, an energy analyst at the company, warned of “faltering…
Iran Floats Joint Oil Investment With the U.S. Ahead of Nuclear Talks
Iran and the United States could invest jointly in oil and gas development as part of the new nuclear deal the two are currently negotiating, an official from Tehran’s foreign…
U.S. Forces Board Another Tanker in Expanding Venezuela Oil Crackdown
United States forces boarded a second oil tanker in a week in the Indian Ocean, claiming it was attempting to escape from what Washington has called a quarantine on tankers…
