Fuji Oil, jointly with Showa Shell, has loaded the first Iranian crude oil cargo being lifted by Japanese refiners since the country won a 180-day waiver from the US to import oil from Iran, a Fuji Oil official told S&P Global Platts Monday.
The Japanese refiners jointly lifted Iranian Heavy...
Saudi Arabia is discussing the possibility to have one interconnected natural gas grid in the region that would exchange gas and export the kingdom’s gas to the United Arab Emirates, Kuwait, and Oman, Saudi Arabia’s Energy Minister Khalid al-Falih said on Tuesday.
“I am talking to my colleagues...
America’s journey to pre-eminence in the global oil trade is about to hit another milestone.
By the shale-oil boom, the US is already producing more crude than either Russia or Saudi Arabia, who until recently vied for the top spot. By mid-year America will go one better, Bloomberg reported....
Tokyo Electric Power Company Holdings has signed a memorandum of understanding with Danish energy business Orsted to work together on offshore wind projects.
In an announcement at the weekend, TEPCO said that it had been “exploring offshore wind business opportunities” in both Japan and...
Saudi Energy Minister Khalid al-Falih said he was "very optimistic" about the outlook for the oil market after producers cut output to support flagging prices.
OPEC members and allies including Russia decided last month to reduce output by 1.2 million barrels per day after prices fell by more...
Global gas production grew at a record clip in 2018, driven by North America.
The industry achieved a net production increase of 164 billion cubic meters, which represents the highest production growth since 2010, according to research by Rystad Energy.
“Year-on-year growth was clearly driven...
China’s state-run energy giant is making a new approach to strike a $3 billion Iranian oil field, seeking to take advantage of waivers allowed under US sanctions even as two European nations have ended crude purchases, according to people familiar with the matter.
The moves highlight the...
Oil prices rose on Friday after a report from the Organization of the Petroleum Exporting Countries showed its production fell sharply last month, easing fears about prolonged oversupply.
US West Texas Intermediate crude futures were at $52.62 per barrel, up 55 cents, or 1.1%, from their last...
The United States is likely to extend waivers from sanctions on Iranian oil imports in May, but will reduce the number of countries receiving them to placate top buyers China and India and to decrease the chance of higher oil prices, analysts said.
Washington surprised oil markets after...
Oil majors Chevron and Total, along with major Indian refiner Reliance Industries, have joined the blockchain-based platform Vakt, London-based Vakt said on Tuesday.
Vakt, already in use by other major trading firms since the end of last year, is the first of many blockchain pilot schemes for...