Baghdad bombing death toll rises to 281
Iraqi officials have again raised the figure for the number of people killed in Sunday’s suicide bombing in Baghdad. The health ministry said 281 were now known to have died Continue Reading
KRG’s June oil exports fall on pipeline outage
First pipeline problem in over two months causes exports to drop, but Kurdistan looks ahead to production hikes through the end of the year. Oil tanks at Turkey’s Mediterranean port Continue Reading
Saudi Strategy Working: OPEC Captures Largest Market Share Since 1975
OPEC has captured its largest share of the oil market since 1975, which could be seen as a vindication of the cartel’s strategy over the past two years. But it Continue Reading
Libyan Oil Unity May Not Happen After All
Last week the two administrations of Libya’s National Oil Company made a breakthrough , reaching an agreement to unify their oil operations for the greater good, but now the eastern Continue Reading
Nigeria Rebels Strike Chevron, Put Output Recovery in Doubt
Oil producers seen struggling to restore ‘normal’ volumes soon Worker walkout starts, threatening to hobble industry further Nigerian militants claimed an attack on oil pipelines less than two weeks after Continue Reading
Shell Nigeria lifts force majeure on Bonny Light crude oil
Shell on Thursday announced it had lifted force majeure on the export of Nigeria’s benchmark Bonny Light crude oil, almost two months after militant attacks on a pipeline. Such attacks Continue Reading
Niger Delta Avengers strike Chevron infrastructure
A Nigerian militant group maintained it was not negotiating a suspension to hostilities with the government, claiming responsibility for an attack on Chevron. The Niger Delta Avengers surfaced early this Continue Reading
Nigerian Oil-Export Terminal Back On Line
Crude-oil exports can resume from a Nigerian terminal capable of exporting 200,000 barrels a day after two months of outages there had contributed to a petroleum-price rally, Royal Dutch Shell Continue Reading
Shrinking Chinese Demand About To Slam Oil Prices
The oil markets have fallen back from the $50 per barrel mark due to questionable Chinese demand and an expectation of early restoration of supply outages. Crude is currently entering Continue Reading
Pemex sees oil output boost from looming joint ventures
Mexican state oil company Pemex expects to boost crude output over the next few years with a handful of joint ventures that will focus on onshore and offshore fields, a Continue Reading