Crude and politics mingle as Saudi crown prince visits India, China: Russell

26 February 2019, Singapore — Trade and investment were the reported themes of Saudi Crown Prince Mohammed bin Salman recent visits to India and China, but it’s probably more than coincidence that those two countries also happen to be the biggest buyers of Iranian crude oil. Last week’s trips to New Delhi and Beijing were centred … More »

Our Sea Swift platform is a game changer in Nigeria – Aquaterra boss

26 February 2019, Sweetcrude, Lagos — Helping offshore oil and gas industry increase efficiencies and reduce costs, through a range of products, systems, and projects, is our main driver, says Aquaterra Energy’s Stewart Maxwell, the company’s helmsman in charge of its technical operations.  In this chat with OpeOluwani Akintayo, he says the company’s major contract … More »

China Jan crude oil imports from Russia rise 25 pct -customs

26 February 2019, Beijing — Russia remained China’s largest crude oil supplier in January, with imports rising 25 percent year on year to hold off rival Saudi Arabia, Chinese customs data showed on Monday. Imports from Russia – China’s top supplier for the past three years – stood at 6.97 million tonnes, or 1.64 million barrels … More »

Global LNG trade to rise 11 percent this year: Shell

26 February 2019, London — Global liquefied natural gas (LNG) trade will rise 11 percent to 354 million tonnes this year as new facilities increase supplies to Europe and Asia, Royal Dutch Shell said in an annual LNG report on Monday. Shell, the largest buyer and seller of LNG in the world, said trade rose by … More »

Total loses as 3 other firms gain at NSE trading

26 February 2019, Sweetcrude, Lagos — Total recorded a loss in Monday’s trading activities on the floor of the Nigerian Stock Exchange for energy companies. Double One, Oando and Japaul were gainers. Top Gainers  Double One: 2k Oando: 0.1k Japaul: 0.02k Top Loser  Total: -5k More »

President Trump urges OPEC to exercise restraint over oil price push

25 February 2019, News Wires — President of the United States, Trump, on Monday, called on the Organization of the Petroleum Exporting Countries to slow down on their cuts in a bid to shoot up crude oil prices. In a tweet, President Trump, said oil prices are getting “too high”, asking the group and its … More »

Oil tumbles after Trump tells OPEC to ‘relax’

25 February 2019, News Wires — Oil fell on Monday, reversing earlier gains after U.S. President Donald Trump told OPEC producers to “relax” as prices were too high. Brent crude oil futures were down 91 cents at $66.21 a barrel at 1246 GMT, having earlier risen to a 2019 high of $67.47, while U.S. West … More »