Gunvor, a global commodity trading company registered in Cyprus with the main trading office in Geneva, has sold 30 percent stake in Kolmar, the Siberian
Category: Oil
Russia and Iran Start “Oil for Goods” Barter Trade
Russian President Vladimir Putin signed a decree that would put an end to a self-imposed ban on supplying S-300 anti-missile rocket system to Iran on
Saudi Arabia Curbs Oil Supply to Asian Customers
Saudi Arabia has decreased its oil exports to some of its Asian customers, mostly to South Korea and Japan since last month. The decision to
Supertankers for Oil Products Being Built in the Wake of Refineries Revolution
The fast growth of huge refineries is encouraging the development of a new class of oil supertankers as traders start looking for scale and volume
Ukraine Asks Russia for More Oil
Russian Energy Minister, Alexander Novak, said that Ukraine had asked for 1 billion cubic meters of gas from Russia this month, which is three times
Iran’s Nuclear Deal Likely to Spur Exports and Drag Oil Price Down
Iran’s nuclear deal with the world powers is expected to spur the country’s oil exports and thus further support the downward trend in global oil
Mounting Concerns in Oil Sector due to Yemen Bombing
Although Yemen is only a minor oil producer accounting for about 0.2 percent of the world’s oil production, recent bombing of the country by Saudi
Iran Stores 30 million Barrels of Oil on its Tankers Offshore
Iran has been reported to be storing at least 30 million barrels of oil on its fleet of tankers as West-imposed sanctions keep on making
Acquisitions of Small Oil Firms Setto Pick Up
Major energy companies have sold unprecedented amounts of debt in early 2015, taking advantage of very low interest rates after oil prices plunged more than
Norway’s Statoil Unveils its Government Payments Worldwide
Norway’s oil and gas company, Statoil, disclosed how much money it paid to the governments around the world in 2014. The 35-page report called “2014