Post Tagged with: "Asia"

Iran is Undercutting Saudi Oil Prices

Iran is Undercutting Saudi Oil Prices

Iran selling Forozan Blend to Asia at a $2.43 discount

Iran is increasing pressure on fellow OPEC members as its attempts to retake lost market share in major markets like Asia.

The Islamic Republic is now undercutting the price of …

Waning Coal Demand in Asia Pushes Global Trade Down for the First Time in 21 Years

Waning Coal Demand in Asia Pushes Global Trade Down for the First Time in 21 Years

Coal loses support as demand in China falters

The global coal trade declined for the first time in 21 years in 2014, and likely contracted further this year as well, according to information from the Energy Information Administration (EIA). The …

The Next Decade’s Oil Demand Growth Story:  U.S. and India Overtake China

The Next Decade’s Oil Demand Growth Story: U.S. and India Overtake China

The U.S. and India will drive oil demand growth in the future – Raymond James

China’s economy has been a demand-growth powerhouse over the course of the last decade as the country’s industrial sector boomed, but China’s role in global …

OPEC Members Undercutting Each Other in Fight for Market Share

OPEC Members Undercutting Each Other in Fight for Market Share

The spread on OPEC members’ crude widens as competition increases

Members of OPEC are beginning to cut their own prices relative to one another as the competition over share of global markets, particular Asia, continues to intensify. Traditionally, members of …

October 20, 2015 - 1:53 pm International, Oil and Gas 360 Articles, OPEC
Saudi Arabia Loses Market Share in Asia

Saudi Arabia Loses Market Share in Asia

Saudi’s market share in 7 Asian countries declined to 23.2% in the first half of the year

Crude oil imports from Saudi Arabia to seven major Asian markets declined 0.7% in the first half of 2015 compared to the same …

September 9, 2015 - 5:23 pm International, Oil and Gas 360 Articles, OPEC
IEA Revises Down Natural Gas Demand Growth

IEA Revises Down Natural Gas Demand Growth

Weaker than expected demand in Asia prompts agency to lower future growth expectations

The International Energy Agency (IEA) revised down its expectations for natural gas global demand growth to 2% from 2.3% a year ago in it its latest Medium-Term

June 4, 2015 - 3:13 pm International, Oil and Gas 360 Articles
OPEC Producers Follow Saudi Arabia: Cut Prices to Asia

OPEC Producers Follow Saudi Arabia: Cut Prices to Asia

Iraq, Kuwait and Iran decided to cut prices to Asian markets, following a similar move by OPEC’s largest producer

Other OPEC producers have decided to follow in the footsteps of the organization’s largest producer and cut prices to Asian markets. …

February 11, 2015 - 6:06 pm Oil and Gas 360 Articles, OPEC
Saudi Cuts Prices in Asia (Again) to Defend Market Share

Saudi Cuts Prices in Asia (Again) to Defend Market Share

OPEC’s biggest producer prices oil at record lows to the Asian market, raises rates in the U.S. and Europe

Saudi Aramco announced its prices for March, dropping prices to the Asian markets to their lowest in over a decade in …

February 6, 2015 - 4:15 pm International, Oil and Gas 360 Articles
Alberta pushes for rule change to spur Chinese investment, gain access to global markets

Alberta pushes for rule change to spur Chinese investment, gain access to global markets

Alberta’s new political leadership is calling on Ottawa to take another look at foreign investment rules blamed for a dramatic drop in energy investments from China.When the