Latest news
Poland, Hungary, Czech to release oil reserves after pipeline shutdown
Poland, Hungary and the Czech Republic are offering their domestic refiners about 8 million barrels of oil from strategic reserves after supplies from Russia's Druzhba pipeline to Europe were halted, industry sources said on Friday.
read more... 06/05/2019
New mega cartel is emerging in oil markets
Almaty. April 30. KazTAG - China and India—two of the world’s largest oil importers and the biggest demand growth centers globally—are close to setting up an oil buyers’ club to have a say in the pricing and sourcing of crude oil amid OPEC’s cuts and U.S. sanctions on Iran and Venezuela, Indian outlet livemint reports, citing three officials with knowledge of the talks, reports OilPrice.com.
read more... 30/04/2019
Saudi Taqa sees $1.2bn in America, Middle East oil deals
Saudi Arabia is trying to develop manufacturing, services and technology businesses to move beyond crude oil sales for most of its revenue
read more... 29/04/2019
China Acquires 20 Percent Stake in Novatek’s Latest Arctic LNG Project
China continues to invest in Arctic natural resources as two Chinese national oil companies secure a 20 percent stake in Russia’s massive Arctic LNG 2 project.
read more... 29/04/2019
Cryogas-Vysotsk LNG project in Russia commences full-scale production
Novatek and its joint venture partner Gazprombank Cryogas-Vysotsk have started full-scale production of liquefied natural gas (LNG) from the Cryogas-Vysotsk LNG project in the Leningrad Region of Russia.
read more... 26/04/2019