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HomeInternational News

International News

Price
EIA News

China’s natural gas consumption and LNG imports declined in 2022, amid zero-COVID policies

June 1, 2023 Mariel Alumit

 June 1, 2023 Data source: S&P Global Commodity Insights, China National Bureau of Statistics, China Energy Statistical YearbooksNote: Industrial consumption includes natural gas feedstock. Other includes district heating and transport. In 2022, annual […]

Equinor
Crude Oil News

Equinor delays Canadian offshore oil field for three years due to escalating costs

June 1, 2023 Mariel Alumit

(Bloomberg) – Equinor ASA has delayed by as many as three years its Bay du Nord project due to escalating costs, the company said Wednesday. The project to develop an oil field about 500 kilometers […]

Indonesia
Energy Crisis

Indonesia Considers Limits on LNG Exports in New Trade Curbs

June 1, 2023 Mariel Alumit

(Bloomberg) — Indonesia will consider new limits on exports of liquefied natural gas, a potential extension of trade curbs that’ve previously disrupted nickel to coal and palm oil markets. The nation wants to ensure adequate […]

Turkey
Energy Policy

Turkey’s inflation fell in May due to free natural gas, Reuters poll shows

June 1, 2023 Mariel Alumit

ISTANBUL, May 31 (Reuters) – Turkish annual inflation is seen dropping below 40% in May, to its lowest since late-2021, a Reuters poll showed on Wednesday, as the government’s decision to provide natural gas free […]

BRICS
Finance

Now Isn’t The Best Time For Venezuela To Join BRICS

June 1, 2023 Mariel Alumit

The arguments shared in this analysis about why Venezuela won’t join BRICS during this summer’s summit raise the question of why Lula publicly supported Maduro’s membership bid despite the near impossibility of it being approved. […]

Russia
Downstream

Drones Target Southern Russia Oil Refineries

May 31, 2023 Mariel Alumit

A fire erupted at an oil refinery in southern Russia’s Krasnodar region on Wednesday after a likely drone attack, its governor said as local officials reported a downed drone near another refinery. Governor Venyamin Kondratyev wrote on […]

Finance

Faced With New Round Of Demonetization Indians Turn To Gold

May 31, 2023 Mariel Alumit

Authored by Michael Maharrey via SchiffGold.com, The Indian central bank has announced another round of demonetization with a plan to withdraw 2,000-rupee notes from circulation.   The announcement led to a big jump in gold […]

US
Downstream

Clean tanker demand drop weighs on US Gulf rates

May 31, 2023 Mariel Alumit

New York, 24 May (Argus) — A sharp drop-off in tonne-mile demand for US Gulf coast medium range (MR) clean tankers so far this year has pressured freight rates for the segment to the lowest […]

Geopolitical

‘Time is now’ for Sweden to join NATO, Blinken says

May 30, 2023 Mariel Alumit

The United States has urged Turkey to approve Sweden’s accession into NATO, with Secretary of State Antony Blinken saying that “the time is now” for the northern European country to join the alliance. Speaking alongside […]

Talos
Exploration and Production

Talos Energy, Grupo Carso accelerate Zama development with $125 million transaction

May 30, 2023 Mariel Alumit

(WO) – Talos Energy Inc. announced that Zamajal, S. A. de C.V., a wholly owned subsidiary of Grupo Carso (“Carso”), has agreed to acquire a 49.9% interest in Talos’ Mexican subsidiary (“Talos Mexico”), which holds […]

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