Not a single tanker has loaded crude oil from the United States bound for China since the start of August.
Read More »TANAP will Strengthen Turkey`s Energy Security
TANAP will account for 10 percent of all gas imports to Turkey. which is important in terms of diversifying supplies.
Read More »Egypt`s Concern over Red Sea Security after Houthi Attack
Last month. Saudi Arabia temporarily halted oil shipments through Bab al-Mandab citing security concerns after Yemen’s Houthis attack.
Read More »Merkel and Putin to Hold Meeting on Baltic Sea Gas Pipeline
At last month’s NATO summit in Brussels. President Trump caused a stir by claiming Germany was a ``captive of Russia.``
Read More »Russia may Abondon Dollar in Oil Trade
The dollar. which is considered to be the international currency. becomes a risky tool for payments.
Read More »Venezuelan Oil Production Falling Faster Than Expected
In July. Venezuela’s oil production came in lower than PDVSA had targeted. according to Argus Media.
Read More »Total Certain to Exit Iran Gas Project
China earlier this year introduced the petroyuan as an alternative to the US dollar-dominated oil industry .
Read More »ExxonMobil will Support $2bn Permian Highway Pipeline Project in US
The Permian Highway Pipeline will provide additional capacity for reliable transportation of natural gas to the U.S. Gulf Coast.
Read More »Saudi Arabia Reassures Canada on Oil Supplies as Dispute Continue
Bilateral trade between Canada and Saudi Arabia is worth more than $3 billion a year.
Read More »Brexit Could Be Damaging to North-East Oil Companies
Additional costs brought on by a no-deal Brexit would harm the region’s oilfield services exporters.
Read More »