Offshore Oil Ban May Cost New-Zealand Billions
New Zealand’s ban on new offshore oil and gas exploration could cost it billions in lost revenues, the head of the country’s oil and gas industry body Pepanz said , Continue Reading
S Korea to invest $2.3B in hydrogen fuel cell vehicle industrial ecosystem over next 5 years
The South Korean government and businesses will invest some 2.6 trillion won (US $2.33 billion) over the next five years in a public-private partnership to speed up the development of Continue Reading
China surpasses Japan as world’s largest natural gas importer
China has surpassed Japan to become world’s largest importer of natural gas, with China’s drive for a cleaner environment and a bluer sky on the increase, reports Bloomberg. In order Continue Reading
Korea Rapprochement Could Revive Energy Megaproject
The June 12 Trump-Kim summit in Singapore has had an overall positive effect on the oil industry, cooling down expectations about the imminence of a major conflict driven by the Continue Reading
China May gasoline exports up 134 percent at 1.47 million tonnes: customs
China’s gasoline exports in May surged from a year earlier, as state refiners sought to profit from good export margins and additional quota, customs data showed on Saturday. Gasoline exports Continue Reading
China Drops Oil Purchases to Dodge Tariff
Chinese oil buyers will keep taking crude from the United States through September, but plan to reduce future purchases to avoid a likely import tariff amid a trade spat between Continue Reading
The U.S.-China Trade War Is Great News For OPEC
The renewed U.S.-Chinese trade tit-for-tat threatens to limit U.S. crude oil exports to China that have been gaining pace in recent months and eating into OPEC’s share in the market, Continue Reading
China Set To Cut U.S. Oil Imports As Trade War Heats Up
Chinese oil customers plan to reduce their intake of U.S. crude oil from September onwards to avoid a possible import tariff on American oil in China, due to the uncertain Continue Reading
Shell continues divestment streak with Thai gas sale
Royal Dutch Shell said Thursday it made further advancements on its divestment effort by selling off its stake in a natural gas field in Thailand. Shell’s natural gas subsidiary said Continue Reading
US prepares for next wave of LNG exports
When China last week set out a list of US exports threatened with retaliatory tariffs, almost all fossil fuels were covered, including oil, coal and liquefied petroleum gases such as Continue Reading