No discounts for oil, Iran says
Iran is not marking its return to the global crude oil market in the post-sanctions era with price discounts, a director at the state-run oil company said. Iran this weekend Continue Reading
UAE Offers India Free Oil To Ease Storage Woes
In an oil sector first, the oil-rich United Arab Emirates (UAE) has offered free oil to India in return for a storage deal at India’s planned underground facility as the Continue Reading
Libya intercepts tanker suspected of fuel smuggling out of country
Libya’s Coast Guard has intercepted a tanker suspected of involvement in fuel smuggling operations while in waters off the country’s western region and headed for Malta, local and international media Continue Reading
China Exports, Imports Fall More Than Expected in January
Chinese trade started 2016 on a weak note as exports in January declined far more than expected in the face of soft demand and slower production ahead of the just-ended Continue Reading
China’s January coal imports fall 9% on year
China’s coal imports, including lignite, thermal and metallurgical coal, totaled 15.23 million mt in January, down 9.2% year on year and 13.7% on the month, according to preliminary data released Continue Reading
China January new yuan loans climb to record high in seasonal surge
Chinese banks armed with fresh lending quotas extended a record 2.51 trillion yuan ($385.40 billion) of new loans in January, far more than markets had expected, suggesting Beijing is keeping Continue Reading
China Loses Control of the Economic Story Line
SHANGHAI—Sentiment on China among global investors has always veered between exaggerated optimism and excessive pessimism. Even so, the latest bout of gloom is unusually severe. The economic slowdown doesn’t properly Continue Reading
South Korea’s Kogas cuts 2015 LNG imports by 13.5% to 31.41 million mt on weaker demand
South Korean state-owned Korea Gas Corp.’s imports of LNG fell 13.5% to 31.41 million mt last year, as the country’s LNG demand dipped 10.6%, the company said Monday. It marks Continue Reading
High risk of bankruptcy for one-third of oil firms: Deloitte
Roughly a third of oil producers are at high risk of slipping into bankruptcy this year as low commodity prices crimp their access to cash and ability to cut debt, Continue Reading
Just How Accurate Are The EIA’s Predictions?
The EIA recently published the February edition of their Short-Term Energy Outlook . If you follow this month to month, and I do, you will notice their prognostications change a Continue Reading