News
February 19, 2020
Crude is being supported along with equities by signs that China, the world’s biggest oil importer, is considering steps to shore up its economy, such as direct cash infusions and mergers to revive its airline industry.
News
February 14, 2020
The spree is probably a sign that independent refiners are getting ready for an eventual rebound in demand, taking advantage of the slump in crude prices to buy cheaply.
News
February 12, 2020
The cartel reduced projections for demand growth in the first quarter by 440,000 barrels a day, or about a third, in its monthly report.
News
February 12, 2020
Distressed oil supplies are being offered to India as the spread of the coronavirus crimps fuel consumption across China, prompting requests for cargo deferrals and cancellations by Asia’s no. 1 importer.
News
February 11, 2020
In today's episode, we look at what the coronavirus is doing to Chinese gas demand, and the rare steps China is taking in response; gas prices in the U.S. fall to a four-year low; and oil holds around $50 in spite of OPEC's inaction.
News
February 10, 2020
Three of the world’s largest oil traders are seeking to store crude on tankers at sea as the industry tries to deal with a glut that’s emerged since the outbreak of the coronavirus in China.
News
February 07, 2020
In a sign of how desperate shortages may be getting, companies from PetroChina Co. to Geely Automobile Holdings Ltd. are scouring the world for medical supplies to send back home.
News
February 07, 2020
Two of Europe’s biggest energy companies rejected a Chinese force majeure on liquefied natural gas contracts in the latest twist to a drama that’s gripping global commodities markets.
News
February 06, 2020
In a dramatic and rare step, China National Offshore Oil Corp. declared what’s known as force majeure, meaning it won’t take delivery of some LNG cargoes, because the virus is constraining its ability to import the fuel.
News
February 04, 2020
Oil sellers are looking for alternative buyers in Asia for prompt cargoes as Chinese demand dries up because of the coronavirus and some customers ask to defer purchases.
News
February 03, 2020
Oil fell below $50/bbl for the first time in more than a year as China’s oil consumption was said to plunge by 20% amid the spread of coronavirus, threatening what could be the largest demand shock since the since the global financial crisis.
News
January 30, 2020
Sales of Latin American oil cargoes to China have ground to a halt this week as the deepening crisis around the coronavirus further stifles an already quiet holiday period.
News
January 27, 2020
Energy stocks have quickly reverted to being among 2020’s worst performers as fears increase that China’s deadly coronavirus will hit oil demand.
News
January 20, 2020
The U.S.-China trade agreement is set to intensify the battle for the world’s most prized oil market.
News
January 15, 2020
“The phase one trade deal reached between the U.S. and China is a positive step forward, creating greater certainty across the American economy,” API President and CEO Mike Sommers said.
News
January 15, 2020
While trade pacts traditionally set the rules and leave the details of actual commerce to markets, the one that Trump’s team has negotiated includes a classified annex that details $200 billion in Chinese purchasing categories.
News
January 13, 2020
The agreements signed with Pertamina and Chandra Asri will potentially help ADNOC to secure additional in-market presence in one of Southeast Asia’s fastest-growing economies, enabling new domestic value-creation opportunities across the hydrocarbon chain.
News
January 13, 2020
The world’s biggest oil import market could see demand growth in 2020 of just half of last year’s levels as the trade war’s ripple effects continue to be felt, according to researchers at China National Petroleum Corp.
News
January 09, 2020
China said it will open up oil and gas exploration to private and foreign firms, offering further details of a policy that will help assuage concerns over access to the industry ahead of next week’s signing of an interim trade deal with the U.S.
News
December 19, 2019
One of China’s top liquefied natural gas buyers offered to sell a cargo on the cheap – and in the throes of winter – a fresh sign of the massive oversupply that has weighed on the market.
News
December 17, 2019
China is breaking records for crude oil imports, and isn’t likely to stop soon as new refineries ramp up and hopes grow that the easing of trade tensions with the U.S. will bolster the economy.
