Qatar managed to maintain its position as the largest liquefied natural gas exporter in the world (at 77.8mn tonnes) in 2019, International Gas Union (IGU) said in its “2020 World LNG Report”. Global LNG trade increased further in 2019, reaching 354.73mn tonnes, an increase of 40.93mn tonnes since the end …

Amid the global COVID-19 pandemic and volatility in the oil market, Venezuela has also experienced an over 60 percent fall in oil production. Venezuelan President Nicolas Maduro has appointed new heads of the oil ministry and PDSVA, the state oil company, according to the decrees published in Gaceta Oficial. Tareck …

Iran’s government spokesman says the Islamic Republic is not after creating tension in the region, but any move against the country’s interests would be responded decisively. Ali Rabiei said Tehran is after establishing peace in the region, and is not seeking adventurism at all. “The US is the party which …

China imported 31 percent more oil from Russia last month while its intake of Saudi crude slipped by 1.8 percent compared to March 2019, Reuters reported, citing calculations based on official customs data. Overall crude oil imports rose by 4.5 percent on the year to 9.68 million bpd. Of the …

On April 22, Exxon Mobil officially started an ethane programe in Huizhou city, South China’s Guangdong province, in which it has invested $10 billion. It should be noted that the programme started when the whole world is fighting the Covid-19 pandemic, global oil prices are low, and many oil enterprises …

Edinburgh-based ACT Blade Ltd – a spin-off company from yacht-sail developer SMAR Azure — has completed the first of two static tests of its novel lightweight blade for wind farms at ORE Catapult’s National Renewable Energy Centre in Blyth. The tests are designed to pave the way for the blade’s …

Russia’s permanent representative to international organizations in Vienna, Mikhail Ulyanov called US’ stance against launch of Iran’s military satellite double standards and hypocrisy. Mikhail Ulyanov has denied US allegations against Iran in the field of launching its military satellite and accused the United States of hypocrisy and double standards “US …

Qatar’s sovereign wealth fund will remain “very active” through the coronavirus pandemic as the oil-rich Gulf investor searches for deals in the health and technology industries, the country’s finance minister told the Financial Times newspaper. Ali Shareef Al Emadi said the $320bn Qatar Investment Authority’s (QIA’s) “main focus” would be …

Following the 2018 unilateral withdrawal of the US from the 2015 Iran nuclear deal and the reimposition of sanctions against Iran, Washington has been issuing special waivers that permit some countries and companies to conduct business with Tehran. The US Department of State has extended a waiver for Iraq to …

Russia’s energy ministry expects that demand on the oil market will gradually restore in the second half of the year but before it happens oil producing countries should avoid filling of oil storage facilities to the full and prevent a market collapse, Minister Alexander Novak said on Sunday. “The world …