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S. Arabia to invest $2.5 billion in Uzbekistan's energy
- Uzbekistan aims to generate 40% of electricity from renewable sources, constructing 30 solar and wind power plants by 2031
BP delivers LNG for downstream customers in China
- BP develops business model to provide more LNG to China and to increase access to downstream gas markets, says BP official
Oil prices down as China tightens virus restrictions
- Hopes for $1.9 trillion aid package in US limits further declines in oil price
S. Arabia becomes largest oil supplier to China in 2020
- Saudi's oil exports to China amounts to approximately 1.69 million barrels per day in 2020, up 1.9% year over year
Oil down over estimated rise in US stocks
-Fueling weak demand fears, US crude oil inventories are forecast to rise by over 2.5 million barrels, API figures show
Oil prices down as virus cases on rise in China
- Further falls capped when US President-elect unveiled virus relief plan to provide direct payment of $1,400 to individuals
Ecuador secures historic deal with US development bank
- Funds set to alleviate country’s longstanding debt with Asia and boost its economy amid COVID-19 pandemic
US crude oil inventories fall for week ending Jan. 8
- Commercial crude oil stocks decrease by 3.2 million barrels, more than market expectation of 2.7-million barrel draw
How aftermath of Gulf crisis will shape energy trade
- Lifting of blockade will save Qatar extra shipping costs of oil and LNG exports, and pave way for energy deals, expert says
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Oil prices down over reemergence of virus in China
- Increasing number of US oil rigs also weighs on prices, signaling greater short-term output and raising supply glut concerns
China: Daily COVID-19 cases top 100 mark in 5-month 1st
- Latest virus outbreak in Hebei province leads to emergency measures in affected areas in China
Turkey launches trade center in Chicago
- Country wants to expand Turkish exporters' network, creating new business opportunities in US
Oil prices up still buoyed by OPEC+ output cut
- OPEC+ decision to cut output by more than expected in February and March relieves markets from low demand amid lockdowns
Oil up on inventory fall, protests in US
- Commercial crude oil stocks decrease by 8 million barrels against market expectation of 1.5-million barrel fall
US crude oil inventories fall for week ending Jan. 1
- Commercial crude oil stocks decrease by 8 million barrels, more than market expectation of 1.5-million barrel draw
NYSE decides again to delist 3 big China telecoms
- World's largest stock exchange reverses decision after 2 days
Saudis unilaterally cuts 1M bpd to solve OPEC+ tie
- Group agrees to cut production by 925,000 bpd in February and 850,000 bpd in March from rate of January
Turkey's energy import bill down 24.8% in November 2020
- Last month, overall energy imports fall with increase in country's domestic and renewable energy production
Saudi Arabia discovers four new oil fields
- State-oil firm Saudi Aramco is working on determining size and volume of discovered fields, says country’s energy minister
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US crude oil inventories fall for week ending Dec. 18
- Commercial crude oil stocks decrease by 600,000 barrels against market expectation of 3.2-million barrel fall
China’s economy to grow nearly 8% in 2021: World Bank
- World Bank however urges China to strengthen its ‘still fragile private demand’
Brent oil price up 1.68% for week ending Dec. 18
- Vaccine campaigns in UK, Canada and US support prices while negative 2021 outlook exerts downward price pressure
Oil prices reach 9-month high over US stocks drop
- US commercial crude oil inventories rise by 3.1 million barrels relative to market expectation of 3.5 million-barrel fall
US crude oil inventories fall for week ending Dec. 11
- Commercial crude oil stocks decreased by 3.1 million barrels against market expectation of 3.5-million barrel fall
US sanctions 4 entities over Iran's petrochemical sale
- Treasury Dept. blacklists companies for 'facilitating export of Iranian petrochemical products'
Brent oil price up 1.81% for week ending Dec. 11
- Imminent vaccine releases in UK, Canada and US contribute towards positive market outlook during week
US crude oil stocks show strong rise for w/e Dec. 4
- Commercial crude oil stocks increase by 15.2 million barrels against market expectation of 1.5-million barrel fall
Oil prices up over bullish sentiment on vaccines
-Large build in US crude oil inventories block further rise amid ongoing weak global demand