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#oilprice.com. × Toothless EU Re-Export Ban on Russian LNG Kicks In | OilPrice.com. The re-export ban, passed back in June 2024, only targets Russian LNG cargoes passing through EU ports en route to Asia and other markets.

#oilprice.com. × Europe’s LNG Imports Hit Seasonal High | OilPrice.com. Europe is taking advantage of weak Asian demand for liquefied natural gas and has boosted its LNG imports to the highest level ever for this time of the year

#oilprice.com. × Russia’s Far East Crude Price Slumps as China’s State Refiners Cut Imports | OilPrice.com. Russia's ESPO crude blend has fallen to its lowest price since June 2024, flipping to a discount against international benchmarks, due to weakened demand from Chinese state-owned firms wary of U.S. san

#oilprice.com. × Saudi Arabia Set to Slash Oil Prices to Asia Amid Falling Benchmarks | OilPrice.com. Saudi Arabia is set to significantly reduce its crude oil prices for Asian buyers in May, driven by falling regional benchmarks and increasing OPEC+ supply.

#oilprice.com. × Kuwait Eyes Return to Debt Markets to Fund Diversification From Oil | OilPrice.com. Kuwait has approved a new financing and liquidity law, enabling it to borrow up to $97.3 billion to fund projects aimed at diversifying its economy away from heavy reliance on oil revenues.

#oilprice.com. × Oil Prices Set to Extend Winning Streak on U.S. Sanction Action | OilPrice.com. Crude oil prices are on a third consecutive weekly rise as President Trump's tariffs on Venezuelan oil and increased sanctions on Iranian entities heighten concerns about global supply.

#oilprice.com. × India Turns Away Russian Oil Tanker As Sanctions Evolve | OilPrice.com. India moved on Thursday to deny entry to a Tanzanian-flagged tanker carrying Russian crude, signaling that New Delhi is ramping up scrutiny of vessels transporting oil from Russia

#oilprice.com. × EU Raw Materials Plan Faces Long Odds Against Global Power Moves | OilPrice.com. While global powers like China and the USA are aggressively pursuing critical minerals, the EU Commission in Brussels is taking a different approach.

#oilprice.com. × CNOOC Profit Jumps by 11% on Record Oil and Gas Production | OilPrice.com. CNOOC reported an 11.4% increase in net profit for 2024, driven by record oil and gas production, which compensated for lower average oil prices.

#oilprice.com. × China Climate Envoy Calls Transition “Irreversible” | OilPrice.com. China asserts that the global energy transition is irreversible and will proceed despite the United States' withdrawal from the Paris Agreement, citing continued commitment from other nations, market f

#oilprice.com. × Coal Prices in China Could Fall Even Further | OilPrice.com. China's coal market faces a significant oversupply, leading to predictions of further price declines despite record-high thermal power generation.

#oilprice.com. × U.S. Files Lawsuit for the Forfeiture of $47 Million in Iranian Oil Proceeds | OilPrice.com. The U.S. Department of Justice has filed a lawsuit seeking the forfeiture of $47 million from the sale of Iranian oil, claiming the proceeds benefited terrorist organizations.

#oilprice.com. × Iraq Hands BP Final Approval for Kirkuk Oil Development | OilPrice.com. BP has received final approval from the Iraqi government for a $25 billion redevelopment project of the Kirkuk oil fields, marking a significant step in Iraq's efforts to revive its oil industry.

#oilprice.com. × China’s ENN Energy Valued at $11.6 Billion in Privatization Offer | OilPrice.com. ENN Natural Gas, an affiliate of the ENN Group, has made a $11.6 billion privatization offer to acquire the remaining stake in ENN Energy Holdings Limited.

#oilprice.com. × China’s Purchases Stall After Trump’s Tariff Threat on Buyers of Venezuelan Oil | OilPrice.com. China's trade with Venezuela, its largest oil supplier, has stalled after U.S. President Trump threatened 25% tariffs on goods from any country importing Venezuelan oil.

#oilprice.com. × Biggest Indian Oil Producer Seeks to Diversify to Withstand Supply Glut | OilPrice.com. Indian state-owned ONGC is planning to diversify its operations into refining, petrochemicals, LNG trading, and renewable energy to mitigate risks associated with a potential global oil supply glut and

#oilprice.com. × India’s Peak Electricity Demand Set to Jump By 10% in 2025 | OilPrice.com. India's peak power demand is expected to surge by 9-10% this summer due to anticipated heatwaves, building on last year's record-breaking consumption.

#oilprice.com. × Alaska Seeks South Korean Investors for Its $44-Billion LNG Project | OilPrice.com. Alaska Governor Mike Dunleavy discussed the $44 billion Alaska LNG project and potential energy and trade cooperation with South Korean Industry Minister Ahn Duk-geun, aiming to attract Asian investmen

#oilprice.com. × Iran Oil Tankers Evading Sanctions with False Iraqi Paperwork | OilPrice.com. Iranian oil tankers seized by U.S. forces in the Gulf were using forged Iraqi documents, Iraq's oil minister Hayan Abdel-Ghani has reported

#oilprice.com. × Indian Refineries Slashing Spot Tenders as Russian Oil Flows Back | OilPrice.com. Indian refiners will issue fewer tenders for the purchase of crude oil on the spot market in the coming month as Russian supplies bounce back

#oilprice.com. × Indonesia’s $20-Billion Energy Transition Deal Will Survive Without the U.S. | OilPrice.com. Indonesia is proceeding with its $20 billion Just Energy Transition Partnership (JETP) to shift away from coal, despite the United States' withdrawal from international climate agreements.

#oilprice.com. × Saudi Arabia Awards $2.6-Billion Natural Gas Power Plant Deal | OilPrice.com. Saudi Arabia has awarded a $2.6 billion contract to a Spanish-Egyptian joint venture to construct a 3 gigawatt combined cycle gas-fired power plant in the Eastern Province.

#oilprice.com. × Iraq Plans Gas Import Terminals Amid Tighter U.S. Sanctions on Iran | OilPrice.com. Iraq is negotiating the procurement of two floating regasification terminals to replace natural gas supply from Iran, following the U.S. government's decision not to extend sanctions waivers and its re

#oilprice.com. × Sinopec Books Lower Profit for 2024 on Oil Price Slide | OilPrice.com. Sinopec reported a 16.8% decline in net profit for 2024, attributed to lower oil prices and the increasing impact of electric vehicles on fuel demand.

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