China’s natural gas storage capacity currently equals just 3.3 percent of the country’s demand for the commodity. This needs to change—and fast—if China is to succeed in its shift away from coal and oil to gas and avoid a repeat of the gas crunch that left several million homes without heating and electricity this winter. Source: Oil Price
Officials close to Saudi Arabia’s Crown Prince, Mohammed Bin Salman, discussed plans in 2017 with businessmen to potentially use private companies to assassinate Iranian enemies, The New York Times reported on Sunday. Source Arutz Sheva
Khalid al-Falih told reporters that Saudi Aramco’s customer crude oil nominations would fall by 500,000 bpd in December versus November due to seasonal lower demand. The cut represents a reduction in global oil supply of about 0.5 percent. Source: Reuters
Iran sold 700,000 barrels of crude oil to private companies for export on Sunday in a second round of sales aimed at countering U.S. sanctions on the country’s exports, oil ministry news website SHANA reported. Source: Reuters
