Since 2011, political instability and regional insecurity have plagued Egypt’s economy, and the energy sector has not been spared. Until recently a net gas exporter, Egypt turned into a net Continue Reading
Iraq plans to acquire a “large fleet” of oil tankers to transport the OPEC nation’s crude to global markets, Oil Minister Jabar al-Luaibi said in a statement on Friday. The Continue Reading
Complications restructuring Saudi Arabia’s state-owned oil company and disentangling its finances from those of the government are slowing the march toward what is expected to be the biggest initial public Continue Reading
“The old expression, ‘to the victor belong the spoils’—you remember. I always used to say, keep the oil. I wasn’t a fan of Iraq. I didn’t want to go into Continue Reading
Saudi Arabia has led the way among major energy exporters in cutting oil production. At the same time, the kingdom is adding to global supply in a surprising way. The Continue Reading
The Nigerian National Petroleum Corporation, NNPC, said on Thursday that it has recorded about 58 per cent reduction in cases of pipeline sabotage. This was disclosed in the Corporation’s monthly Continue Reading
On bad days, you can smell the stench from a mile away, drifting over a nowhere sprawl of highways and office parks. When the Grand Canal was completed, at the Continue Reading
Saudi Aramco’s major crude oil buyers in Northeast Asia and Southeast Asia are receiving full term allocations for Saudi crude oil loading in March, according to traders contacted by S&P Continue Reading
North Dakota has released December production data for the Bakken and for all North Dakota . They were a little shocking. (Click to enlarge) Bakken production down 86,150 barrels per Continue Reading
The biggest oil producers in the Middle East are helping crude from Western Siberia boldly go where it’s rarely gone before. Top South Korean refiner SK Innovation Co. is set Continue Reading
