Daily Archives: November 19, 2020

11 NOV – ICE signs deals with oil traders to use Murban for U.S crude sales to Asia

    LONDON, The Intercontinental Exchange has signed memorandums of understanding with Chevron, Trafigura and Occidental Petroleum to use the new Murban oil futures contract as a pricing benchmark for U.S. crude sales to Asia, the president of ICE Futures Europe said.   ICE said on Tuesday it planned to launch ICE Futures Abu Dhabi…

11 NOV – Malaysia starts LNG bunkering operations, makes first delivery

  Malaysia, through state oil firm Petronas, has ventured into the liquefied natural gas (LNG) bunkering business and made its first delivery in the southern state of Johor this week, the country’s marine department said on Tuesday. The maiden operation involved supplying 1,150 tonnes of LNG from bunkering vessel MV Avenir Advantage, which Petronas leased…

11 NOV – GECF Ministerial Meeting and associated events to be held virtually

  The yearly Ministerial Meeting of the Gas Exporting Countries Forum (GECF) will take place on 12 November under the rotating Presidency of the Democratic People’s Republic of Algeria. The meeting, and its related events, will convene virtually owing to the COVID-19 pandemic.   The 22nd Ministerial Meeting will discuss the current issues related to…

11 NOV – G20 countries still backing fossil fuels through COVID-19 response

  ROME,The G20 major economies are “moving in the wrong direction” in response to the coronavirus pandemic by using stimulus spending to support industries and companies that rely heavily on planet-warming fossil fuels, researchers said on Tuesday. Despite repeated pledges to end subsidies for oil, gas and coal, G20 governments continue to fund fossil fuels,…