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China is the world’s biggest importer and consumer of oil.
Read More »Asian Markets Fall as Coronavirus Hits Earnings. Growth
Gazprom to Get China on Board as a Major Energy Customer for Russia
Gas prices have plunged since 2014 when China and Russia agreed to the Power of Siberia gas pipeline project.
Read More »India in Talks with Russia for Long-Term Import of Crude Oil
Indian oil and gas companies are positively considering to participate in exploration of oil and gas in Russia’s Far East region.
Read More »Iran Eyes 1 mln bpd of Oil Output in Fields Shared with Iraq
Iran has kept developing its sprawling oil and gas fields despite facing a harsh regime of American sanctions.
Read More »Hyundai Gets Serious On Electric Cars
The supply for the European market can soon grow to 80.000 vehicles per year.
Read More »OPEC Underestimates China Virus
China’s own oil consumption is down sharply as factories stay closed and travel restrictions remain in place.
Read More »China Virus Threatens Gulf Economies
Non-oil trade between Beijing and the Gulf Cooperation Council (GCC) has grown from just several billion dollars two decades ago to nearly $200 billion last year.
Read More »Qatar Ready to Re-Route Oil. Gas Cargoes to China due to Spread of Virus
Qatar Ready to Re-Route Oil. Gas Cargoes to China due to Spread of Virus.
Read More »US Extends Iran Sanctions Waiver for Iraq for 45 Days
This will be the sixth waiver the US has issued for Iraq since US sanctions on Iran energy exports snapped back in November 2018.
Read More »Europe’s Southern Gas Corridor almost ready
The total cost for the entire Southern gas corridor is close to $40 billion.
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