News / International
Polish gas supply via Ukraine falls 11 percent
Russian gas deliveries to Poland through Ukraine fell further on Saturday, dropping by 5 million cubic metres a day, but deliveries through Belarus made up for the shortfall, the director of gas operator Gaz System said. Dow Chemical’s Kuwait venture collapses
A multibillion-dollar joint venture by Dow Chemical and a Kuwaiti company fell victim to the financial crisis and the collapse of oil prices when the Kuwaiti government said Sunday that it was backing out of the venture in the face of opposition in Parliament. LNG carrier “Lijmiliya” delivered to Nakilat and Qatargas
On January 1st, 2009 another of the world's largest Q-Max LNG carriers was delivered to Nakilat and Qatargas Operating Company Limited at Daewoo Shipbuilding & Marine Engineering Co. Ltd., Okpo shipyard on Geoje Island. Crude Ends 2008 with a Bang, Optimistic for Demand
Crude futures ended the year on a high note, surging over a glimmer of hope that the worst of the decline in oil demand would be confined to 2008. Entry of Reliance reshapes Asian product supplies
The days may be numbered for Asian refiners and oil traders who have long profited from intermittent arbitrage for selling surplus regional motor fuel cargoes into Western markets - Reliance has arrived. Saudi oil production cut likely in February
Top exporter Saudi Arabia is set to cut oil supplies further in the new year, potentially taking output below its agreed Opec target, as it strives to shore up a collapsing market, oil market sources said. Russia set to cut Ukraine gas flows
Russia was preparing to turn off gas deliveries to neighbouring Ukraine today, raising the spectre of disruptions to EU supplies, after contract talks for 2009 broke down. Baghdad puts 10 fields on the block
Iraq's Oil Minister Hussein Shahristani said today that 10 undeveloped or underdeveloped gas and oil fields will be offered in the country's second licensing round, which kicks off. 
