China’s oil demand growth is expected to slow dramatically this year, a trend that should have a substantial impact on the global oil market.close [x]PauseUnmuteLoaded: 0%Progress: 0%Remaining Time -1:20Fullscreen CNPC said that oil demand in China will expand by 2.4 percent in 2020, less than half of the 5.2 percent growth rate seen in 2019, as reported by Bloomberg. That will also be the…
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Strong demand for heavy-sweet crude grades amid the new shipping fuel regulations has resulted in a recent spot tender in which a crude from Australia sold for close to US$100 a barrel, making it what traders said was probably the most expensive crude in the world.close [x]PlayUnmuteLoaded: 0%Progress: 0%Remaining Time -0:49Fullscreen According to the new rules by the International Maritime Organization (IMO), only…
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The Oil and Gas Regulatory Authority (OGRA) on Monday notified a decrease in prices of imported Re-gasified Liquefied Natural Gas (RLNG) for January 2020 in its monthly review. The regulator has decreased the prices of RLNG for the month of January 2020 for Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC) over December 2019. The regulator…
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