Iran Says Gas Exports to Iraq to Start in Next Month After Delay
Shipments set to rise to 70 million cubic meters a day Iranian gas to fuel power plants in Baghdad and later Basra Iran, holder of the world’s biggest natural gas Continue Reading
Iraq Appoints Oil Minister as Costly War Limits Growth in Output
Jabbar al-Luaibi was former head of state-run South Oil Co. Al-Luaibi replaces Adel Abdul Mahdi who resigned in March Jabbar al-Luaibi, former head of Iraq’s biggest oil producer, was appointed Continue Reading
Cargo Headed for South Sudan Plunges to All Time Low on War
Port cleared 525 TEUs in July, from average 4,000 TEUs at peak Forex shortage hurting shipment through Kenya’s Mombasa port Imports to South Sudan through Kenya’s main port have fallen Continue Reading
Russia bombs Syrian militants from Iran base for first time
A still image, taken from video footage and released by Russia’s Defence Ministry on August 11, 2016, shows a Russian Tupolev Tu-22M3 long-range bomber dropping off bombs at an unknown Continue Reading
Opium Rules: Afghan Oil Will Never Get Out Of The Ground
Opium Farming Afghanistan may have mouth-watering oil riches, but opium still rules this economy amid a lack of any real investment in getting oil and gas out of the ground. Continue Reading
Cuban oil surveys progressing
A study assessing the resource potential for parts of Cuba is progressing as planned and quickly becoming a key portfolio component, MEO Australia said. The Australian company said it was Continue Reading
Lack of investment, payment delays hamper Venezuela oil output
The flow of drilling mud is seen in a container while an oilfield worker works on a drilling rig at an oil well operated by Venezuela’s state oil company PDVSA, Continue Reading
China’s overcapacity cut not to harm global growth: spokesperson
BEIJING, Aug. 16 (Xinhua) — China’s overcapacity cut efforts will not generate a drag effect on the country’s growth or harm the world economy, an official from the country’s top Continue Reading
U.S. shale output drop seen for 10th straight month in September: EIA
U.S. shale oil production is expected to fall for a tenth consecutive month in September, according to a U.S. government forecast released on Monday, as low oil prices continue to Continue Reading
Private Explorers Lead U.S. Rig Count to Longest Rally in Years
Closely held E&Ps account for nearly half of U.S. working rigs Public companies grew rigs 11% vs private explorers’ 77% climb The longest rally for U.S. oil rigs in years Continue Reading