ConocoPhillips, China Oil Imports: Your Daily Energy News

Energy Market highlights gathered by Industrial Info and IIR Energy

CRUDE OIL
China May Oil Imports from Russia Hit New Record - China's crude oil imports from Russia soared 55% from a year earlier to a record level in May, displacing Saudi Arabia as the top supplier. Imports of Russian oil totaled nearly 8.42 million metric tons, according to data from the Chinese General Administration of Customs. (Reuters)

Oil Settles Up - Oil prices swung higher in volatile trading on Monday, as traders focused on tight supplies over slowing global economic growth. Brent oil crude futures settled up $1.01, or 0.9%, at $114.13 a barrel. U.S. West Texas Intermediate crude oil traded up 61 cents, or 0.56%, at $110.17. (Reuters)

LNG
QatarEnergy, ConocoPhillips Ink Deal for LNG Expansion Project -- Qatar Energy (Doha, Qatar) on Monday signed a deal with ConocoPhillips (NYSE:COP) (Houston, Texas) for the Gulf state's North Field East expansion, the world's largest liquefied natural gas (LNG) project. Qatar is partnering with international companies in the first and largest phase of the nearly $30 billion expansion that will boost Qatar's position as the world's top LNG exporter. Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Project Database can click here for related reports. (Reuters)

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About Industrial Info
Industrial Info Resources (IIR) is the world's leading provider of market intelligence across the upstream, midstream and downstream energy markets and all other major industrial markets. IIR's Global Market Intelligence Platform (GMI) supports our end-users across their core businesses, and helps them connect trends across multiple markets with access to real, qualified and validated project opportunities. Follow IIR on: LinkedIn.