Saudi Arabia’s crude exports to the United States have recently hit their lowest level since the beginning of the financial crisis due to increasing imports
Category: Energy
China Expected to Buy More Crude This Year
China is expected to increase its demand for crude oil later this year despite the fact that its inbound shipments were for the first time
Oil Prices Hit a 2015 High as Libyan Production Declines
On Tuesday (5 May), oil prices hit their highest level this year, which was possible due to the declining output in Libya and the disruptions
European Union to Supply Natural Gas from Turkmenistan by 2019
As part of the European Union’s strategy to decrease its dependence on Russian energy supplies, the bloc is set to start buying gas from Turkmenistan
China’s Demand for Commodities on Rise Despite Economic Slowdown
Despite the economic slowdown, China’s demand for a variety of commodities has been surprisingly solid since the beginning of this year. In the first quarter,
Libya Shuts down Its El Feel Oilfield Due to Strike over Salaries
Libya had to close down the western El Feel oilfield on Saturday (April 25), due to the strike of the country’s security guards over salary.
Ghana Might Lose Millions due to a Maritime Oil Dispute with Ivory Coast
It can get increasingly expensive for Ghana to seek arbitration in a dispute with Ivory Coast over the oil-rich basin in the Atlantic Ocean. The
Mexico’s Pemex Readying to Increase Oil Output
Pemex, the Mexican state-owned petroleum company created in 1938, is readying to increase its production after a decade of decline. Gustavo Fernandez, the head of
‘Black Tuesday’ April 20: Deepwater Horizon Disaster Anniversary
Yesterday, on April 20, marked the 5th anniversary of the British Petroleum (BP) Deepwater Horizon disaster – namely the explosion and subsequent fire on the
Out of Russia: Gunvor Sells its Siberian Shares
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