Russia’s Putin says global oil inventories need cutting to ‘reasonable level’ – Arabiya

Russian President Vladimir Putin said global oil inventories need cutting to “reasonable levels” and that attacks in recent months on tankers in the Gulf and Saudi oil sites will bolster cooperation between OPEC, Russia and other oil producers. Putin was speaking in an interview with Arab...

https://www.hellenicshippingnews.com/russias-putin-says-global-oil-inventories-need-cutting-to-reasonable-level-arabiya/

Ecuador’s decision to withdraw from OPEC came as surprise to organization

Ecuador’s decision to leave OPEC, where it has been a member since 1973, came as a surprise to the organization, OPEC Secretary General Mohammed Barkindo said in an interview with TASS during the Russian Energy Week. “I was surprised when I received the correspondence from Quito because Ecuador has...

https://www.hellenicshippingnews.com/ecuadors-decision-to-withdraw-from-opec-came-as-surprise-to-organization/

Qatar sees new LNG mega-trains coming online in 3-6 month intervals: al-Kaabi

The head of Qatar Petroleum, Saad al-Kaabi, said Tuesday his country’s four new LNG mega-trains would come online at intervals of three to six months after the first starts up in 2024. Al-Kaabi, who is also Qatar’s energy minister, told the Oil & Money conference in London that the producer was...

https://www.hellenicshippingnews.com/qatar-sees-new-lng-mega-trains-coming-online-in-3-6-month-intervals-al-kaabi/

Iran says China’s state oil company has pulled out of $5 billion deal

China’s state oil company has pulled out of a $5 billion deal to develop a portion of Iran’s massive offshore natural gas field, the Islamic Republic’s oil minister said Sunday, an agreement from which France’s Total SA earlier withdrew over U.S. sanctions. The South Pars field deal, struck in the...

https://www.hellenicshippingnews.com/iran-says-chinas-state-oil-company-has-pulled-out-of-5-billion-deal/