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South Korea’s November U.S. crude imports up 80.4% on-year

SEOUL (Reuters) - South Korea’s U.S. crude oil imports rose 80.4% in November from a year earlier, with imports in the first 11 months soaring 165.3%, customs data showed on Sunday. South Korea, the world’s...

Qatar sees ‘small progress’ in resolving Gulf dispute, still believes in GCC

There has been small progress in resolving a bitter dispute between Qatar and some of its neighbors, the Gulf state’s foreign minister said on Saturday, just days after its premier visited Saudi Arabia. Saudi Arabia,...

FreightWaves oil report: a big writedown by Chevron doesn’t signal the end of the...

An enormous writedown by Chevron this past week on the value of mostly North American assets could be viewed, in an odd way, as a tremendous sign of success. Chevron wrote down between $10 billion...

Tanker report – Week 50

13 December 2019 VLCC Rates for 270,000mt Middle East Gulf (MEG) to China pushed up, from WS100 at the start of the week, to WS112.5. However, they came under pressure mid-week and have now fallen back...

India and IEA hold workshop on EV charging infrastructure

The IEA, together with the India Bureau of Energy Efficiency and the Electric Vehicles Initiative, held a high-level workshop on policy frameworks to deploy electric vehicle (EV) charging infrastructure in Delhi on November 19. The event brought...
naftogaz

No date yet for next Ukraine-Russia gas talks: RIA cites Naftogaz

No date has been set so far for Russia and Ukraine’s next round of talks to agree on a gas transit deal to replace the one that expires at the end of this year,...

Oil nears three-month high as trade hopes, UK election lift sentiment

Oil rose on Friday to its highest in nearly three months as investors cheered progress in resolving the U.S.-China trade dispute and a decisive general election result in Britain. China’s Vice Finance Minister said the...

US, China reach deal to remove tariffs: Beijing

The US and China have reached an interim trade agreement that includes the removal of tariffs imposed by Washington, the Chinese government said today. The interim deal includes commitments by Beijing to purchase more US...

SoCalGas begins December with more flexibility in its natural gas supply than last winter

Source: U.S. Energy Information Administration, based on IHS Markit data On December 10, 2019, Southern California Gas Company’s (SoCalGas) working natural gas inventory totaled 74.4 billion cubic feet (Bcf), nearly equal to the year-ago stock level and 9%...

SHELL SIGNS INNOVATIVE $10 BILLION REVOLVING CREDIT FACILITY

Royal Dutch Shell plc (“Shell”) today announces that it has signed a $10 billion revolving credit facility. The new facility replaces Shell’s existing $8.84 billion revolving credit facility and is provided by a syndicate...