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China’s crude oil imports jump to new record high in November

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China’s crude oil imports averaged more than 10 million bpd for the first time ever in November, as they beat the previous record for highest crude imports set in October, according to Chinese customs data, as carried by Reuters. Chinese crude oil imports surged to an all-time high of 10.43 million bpd (barrels per day) Read More

Russia’s first LNG import terminal at Kaliningrad nears launch

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Russia’s first liquefied natural gas (LNG) import facility in the exclave Kaliningrad on the Baltic Sea is close to start-up, S&P Global Platts reported on Friday, citing vessel tracking data and Asia-based traders. The region of Kaliningrad, a Russian exclave squeezed in between Poland and Lithuania and without a land or maritime border with Russia, Read More

Shale gluts and ship rules make heavy sweet oil an unlikely star

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By Serene Cheong and Dan Murtaugh on 11/30/2018 SINGAPORE (Bloomberg) — There’s a rising star in the oil world, and it’s heavy and sweet. Dense, low-sulfur oil, known in industry parlance as heavy sweet crude, is fetching increasingly stronger prices relative to benchmark lighter grades. For example, Angola’s Dalia traded at just 10 cents below Read More

Energy Web Atlas names Harry Brookby as Vice President of Data Sales

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11/28/2018 Energy Web Atlas names Harry Brookby as Vice President of Data Sales HOUSTON (November 27, 2018) – Gulf Energy Information, a leading provider of market intelligence and technical information for the international energy industry, names Harry Brookby named Vice President of Data Sales for Energy Web Atlas (EWA).  Harry Brookby Harry comes to EWA Read More

Gazprom stops auction as it’s ‘sold out’ for 2018

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Gazprom Export, the export arm of Russian gas giant Gazprom, has stopped the natural gas auctions on its electronic sales platform because all natural gas available until the end of 2018 has already been sold. Gazprom Export launched on August 17 its Electronic Sales Platform (ESP) for physical natural gas sales to European consumers, in addition to Read More

Japan, South Korea to resume Iranian oil shipments in January

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After reports that South Korea would restart its imports of Iranian crude, now sources familiar with refiners’ plans in both South Korea and Japan, told Reuters both countries will resume Iranian oil imports beginning in January. Earlier this month, S&P Global Platts reported, citing unnamed sources, too, South Korea will resume Iranian crude oil imports at a rate Read More

Analysis: OPEC's production profile has changed, complicating negotiations over oil cuts

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Dubai — OPEC and its allies have all but decided to cut oil production in 2019 to shore up what they see as a weak market ahead. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Now comes the hard part: negotiating how much to cut, how to allocate quotas, Read More

Iraq restarts exports of Kirkuk crude oil through Ceyhan pipeline: sources

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Tokyo — Japan’s Inpex said Friday that its operated Ichthys onshore gas liquefaction plant in Darwin, northwest Australia, has started loading its first shipment of LPG, destined to an Asian buyer. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The announcement comes after S&P Global Platts reported Thursday that Read More

Australia's Ichthys project starts up LPG shipment: Japan's Inpex

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Tokyo — Japan’s Inpex said Friday that its operated Ichthys onshore gas liquefaction plant in Darwin, northwest Australia, has started loading its first shipment of LPG, destined to an Asian buyer. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The announcement comes after S&P Global Platts reported Thursday that Read More

Japan may halt Iranian oil loadings by March even after resumption

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Highlights Uncertainty on next round of sanction waivers Japan shipping insurance expiry clouds import picture Refiners preparing for all eventualities Tokyo — Japanese refiners are considering resuming Iranian oil imports from January following Washington’s recent sanctions waiver, but the window to load cargoes could halt in two months amid uncertainty about whether the waiver would Read More