Aramco has used the average of the Oman and Dubai crude prices assessed by Platts since the 1980s as a benchmark.
Read More »China Imports More Oil and Gas from the U.S.
Gas is increasing in demand as the Chinese government moves to replace coal to combat air pollution.
Read More »PetroChina Rise Gas Supply to Help Meet Demand
PetroChina raised April gas supplies by 14 percent over a year earlier.
Read More »Asia Markets Mostly Up after Wall St Surge. Iran Fears Boost Oil
Traders are also nervously awaiting Trump'.s decision on whether or not to continue with the Iran nuclear deal. which he has in the past derided.
Read More »Sinopec Plans to Cut Saudi Crude Oil Volumes for Second Month in June
Saudi prices set the trend for Iranian. Kuwaiti and Iraqi prices. affecting more than 12 million bpd of oil bound for Asia.
Read More »China`s Energy Giants Return to Market as LNG Sellers
LNG industry executives are unfazed. despite China’s role in reviving global cargo trade and boosting prices.
Read More »Rising Asia`s Gas Demand Triggers New LNG Projects
By 2030. Thailand and Indonesia together could import nearly 70 million tonnes of LNG a year.
Read More »China`s Natural Gas Output Unable to Meet Rising Demand
Shale gas will only become a leading driver for growth in the longer-term.
Read More »Iraq to Boost Majnoon Oilfield Output to 450.000 bpd in 3 Years
Chevron. Total and PetroChina may form a consortium later on to take over the development of the field.
Read More »PetroChina’s Biggest Refinery Increase Russian Pipeline Crude Oil
China’s crude oil imports from Russia rose by 11 percent on the year in November.
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