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Month: August 2016

Category:
  • Saudi Arabia

Saudi Energy Minister Says Kingdom Willing to Help Rebalance Oil Market

Saudi Arabia’s Energy Minister Khalid al-Falih said OPEC members and other oil producers may discuss… Saudi Arabia would “take any action to help” the crude-oil market and will discuss acting Continue Reading

Posted On : 12 Aug 2016 Published By : Tom Whipple
Category:
  • Libya

ISIS Fighters Are Still Lurking in Surt, Libyan Officials Warn

Libyan officials were cautious on Thursday about declaring complete victory over the Islamic State in the coastal city of Surt, saying unknown numbers of the militant organization’s extremists remained ensconced Continue Reading

Posted On : 12 Aug 2016 Published By : Tom Whipple
Category:
  • Iraq

Iraq’s Deal With Oil Majors Could Crush OPEC’s Output Freeze Plans

Iraq and oil majors BP ( NYSE:BP ), Shell ( NYSE:RDS.A ) and Lukoil have agreed to resume investments in oil fields the foreign groups are developing, which is expected Continue Reading

Posted On : 12 Aug 2016 Published By : Tom Whipple
Category:
  • Iraq

Kurdistan hamstrung by pipeline outages, oil field attacks

The cash-strapped KRG has lost millions due to export pipeline malfunctions and attacks on a key oil field. Twin oil pipelines run north to a processing facility at the Avana Continue Reading

Posted On : 12 Aug 2016 Published By : Tom Whipple
Category:
  • Iran
  • Turkey

Turkey wants to buy more gas from Iran, resolve price dispute: foreign minister

Turkish Foreign Minister Mevlut Cavusoglu smiles as he attends a news conference with the Adviser to Pakistan’s Prime Minister on National Security and Foreign Affairs, Sartaj Aziz (unseen) at the Continue Reading

Posted On : 12 Aug 2016 Published By : Tom Whipple
Category:
  • Nigeria

Nigeria Oil Output Seen Stuck at Lows as New Militants Emerge

Rise in number of militant factions complicates peace: BMI Nigeria saw biggest decline of all OPEC members in July: IEA Nigeria’s crude oil production, depressed to near 30-year lows as Continue Reading

Posted On : 12 Aug 2016 Published By : Tom Whipple
Category:
  • Nigeria

New Militant Group Hits Nigeria Pipeline

There appears to be yet a new player in the violence in the attacks on the oil infrastructure in the Niger Delta, and if you’re finding it hard to keep Continue Reading

Posted On : 12 Aug 2016 Published By : Tom Whipple
Category:
  • Nigeria

Nigeria: New Militant Group Fulfils Threat, Blows Up Pipeline in Delta

Barely 24 hours after it threatened to bomb oil installations in the Niger Delta region if the Federal Government did not stop its one-sided talks with the Ijaw ethnic nationality, Continue Reading

Posted On : 12 Aug 2016 Published By : Tom Whipple
Category:
  • Australia

Australia counting on offshore oil, gas for economy

The more than two dozen areas opened up to energy explorers off the western coast of Australia could help with global energy ambitions, a minister said. The government opened 28 Continue Reading

Posted On : 12 Aug 2016 Published By : Tom Whipple
Category:
  • Venezuela

Venezuela’s Maduro Says He Discussed Oil Prices With Saudi King

Venezuelan President Nicolas Maduro said he spoke to Saudi Arabia’s king about boosting oil prices and is reaching out to the heads of state of fellow producers Russia, Iran and Continue Reading

Posted On : 12 Aug 2016 Published By : Tom Whipple

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