East Libyan AGOCO’s Oil Production Rises To 320,000 Bpd
Libyan Oil Facilities In a sign that Libya may very soon add even more crude to the global oil glut, spokesman Omran al-Zwai told Reuters on Monday that Libya’s Arabian Continue Reading
Basra: Hopes of Iraq’s oil capital going up in flames
When Munir started out as an oil contractor in Basra in 2007, Iraq was under occupation and suffering a brutal insurgency. Even that, he laments, was better than what he Continue Reading
Libya Oil Output Rises as Nation Exempted From OPEC Supply Cap
Country’s output rose to 500,000 barrels a day: NOC official Production to further advance by end of month, Al-Awami says Libya’s oil production rose to 500,000 barrels a day and Continue Reading
This $16B Project Could Add Up To 200,000 Bpd To Nigerian Output
Offshore rig Nigeria’s daily crude oil output may increase by 200,000 barrels by the end of March 2018, the Nigerian National Petroleum Corporation said. The new output will come from Continue Reading
Nigerian Militants Are Getting Ready to Strike Oil Again
If the Nigerian government wants to fight militants blowing up oil pipelines, it should send troops into the creeks and mangrove swamps of the Niger River delta. Not the city. Continue Reading
Venezuelan Credit Dashboard: October Payments Total $1.8 Billion
PDVSA swap could reduce amount due next month by $2 billion Country’s oil price hasn’t been rising like West Texas crude Venezuela, which has the largest crude reserves on the Continue Reading
U.S. Break-Even Rate Jumps on Oil as Mester Pushes for Fed Hike
Odds of Fed rate increase climb to highest since Sept. 21 meet New York’s Dudley urges caution in raising interest rates A Treasury market gauge of inflation expectations climbed to Continue Reading
Shale Oil Firms Hedge 2017 Prices in ‘Droves’ on OPEC Rally
Morgan Stanley says hedging may be highest so far this year OPEC effectively threw ‘lifeline’ to shale producers, BNP says Independent oil companies are using the post-OPEC rally to hedge Continue Reading
Trudeau Outlines Canadian Carbon Pricing Plan
Canadian Prime Minister Justin Trudeau, shown here at a news conference last month, presented a… OTTAWA—Canadian Prime Minister Justin Trudeau on Monday unveiled a national carbon-pricing proposal that sets a Continue Reading
Hurricane Matthew Threatens Petroleum Terminals in Bahamas
The Emergency Operation Centre (COE) in Santo Domingo, monitors the path of Hurricane Matthew on Oct. 3. Statoil plans to evacuate personnel before storm arrives About 33 million barrels of Continue Reading