South Korean refiners’ exports hit record high in 2018

Seoul - Exports of oil and related goods by South Korean refiners reached an all-time high last year on strong demand and higher oil prices.


Iran discovers oil in Abadan region

Geneva - Iran has discovered oil in the southwestern Abadan region for the first time, Oil Minister Bijan Zanganeh was quoted as saying by the Mehr news agency on Wednesday.


China’s record 2018 oil and gas imports may be cresting wave

Singapore - Amid increasing signs of China’s industrial slowdown in 2019, data this week showing record oil and natural gas imports likely indicates a country at peak energy growth, with its thirst set to wane as the slowdown bites


Lithuania LNG port aims to be Baltic hub

Vilnius - Lithuania’s Klaipeda liquefied natural gas (LNG) import terminal will more than double its LNG volumes once gas pipelines to Poland and Finland open after 2021


China resells LNG to Japan amid lacklustre winter demand

Singapore - China National Offshore Oil Corp has resold a liquefied natural gas cargo floating offshore South Korea, according to data from Refinitiv Eikon and three industry sources, highlighting the drop in winter gas demand in China

Canadian railways ration space as commodity congestion problems worsen
Germany bans Iranian airline on suspicion of spying, terror
Erdogan: Turkey is ready to take over Syria’s Manbij
Australia’s solar, wind boom to power past grid woes in 2019
Don’t hijack Brexit, minister warns Britain’s parliament