Iran Oil Minister Says “No Ban on U.S. Oil Firms”
Iran’s Oil Minister Bijan Zanganeh has said that U.S. oil companies willing to do business in Iran will not be banned from doing so. The remark, quoted by local and Continue Reading
Saudi Arabia may raise U.S. oil investments under Trump: Falih
Saudi Arabia may increase its oil investments in the United States due to a more fossil fuel-oriented energy policy by the U.S. administration of President Donald Trump, the kingdom’s energy Continue Reading
Iraq Plays Ball With OPEC as Tanker Tracking Shows Flows Are Cut
Oil flows out of Iraq suggest that the Middle East country is complying, at least in part, with OPEC’s plan to curb production. Observed shipments in January were 109,000 barrels Continue Reading
Is Iran Planning On Breaking Its OPEC Pledge?
According to a provision of the recent OPEC production deal , the Islamic Republic of Iran is mandated to keep production below a threshold of 3.797 million bpd. Yet this Continue Reading
Shell Sells $4.7 Billion of Fields as Disposal Push Accelerated
Royal Dutch Shell Plc, looking to pare debt swollen by last year’s acquisition of BG Group Plc, accelerated its drive to shed assets on Tuesday by agreeing to the sale Continue Reading
West Africa Oil Floods to Asia in Latest Sign of OPEC Impact
West African oil producers will next month send the most crude to Asia in at least five years, the latest sign of how refineries in the world’s biggest demand region Continue Reading
Trump’s Mexican Standoff May Send U.S. Gas to $2 If Exports End
Natural gas prices in the U.S. may tumble about 40 percent if President Donald Trump’s diplomatic showdown with Mexico becomes an all-out trade war. Prices could slide to $2 per Continue Reading
Mexico’s Growth Slows as Oil Output Drop Outweighs Services
Mexico’s growth slowed in the fourth quarter, dragged down by falling oil production, even before the full impact of President Donald Trump’s potential to hurt the economy was fully felt. Continue Reading
Exxon’s Profit Miss Shows No One Immune From Market Ravages
Oil’s ‘New Normal’ at $60 in 2-3 Years: Fadel Gheit Exxon Mobil Corp.’s biggest profit miss in at least a decade is the starkest sign yet that major oil explorers Continue Reading
Parliament jump-starts stalled oil corruption inquiry
Iraq’s Parliament has re-launched a committee to investigate oil sector corruption – the latest in a series of attempts to hold senior officials accountable for allegedly taking bribes.In a Jan. Continue Reading