The Saudi Power Balance Is On A Knife-Edge
The sweltering heat of Saudi Arabian summer will feel like a cool breeze compared to the geopolitical fire that could soon take over the country if ongoing internal power struggles Continue Reading
Saudi Arabia Growing Nervous Over OPEC Compliance
OPEC officials are hoping to limit the production of both Libya and Nigeria, as fears grow that the two exempted members are undermining cuts from the rest of the cartel. Continue Reading
Kuwait To Curb Oil Exports To US—Will Iraq Step In?
In the latest round of OPEC promises, Kuwait’s state run oil company has pledged to cut “contractual sales volumes of oil for 2017” according to Bloomberg Markets . Kuwait Petroleum Continue Reading
Nigeria To Shake Off The Shackles Of Oil
Nigeria is now saying that “era of oil booms” may be over—for good. According to its national petroleum policy approved this week by the federal executive council, the country plans Continue Reading
U.S. sanctions Venezuelan officials, one killed in anti-Maduro strike
The Trump administration imposed sanctions on 13 senior Venezuelan officials as the country’s opposition launched a two-day strike on Wednesday, heaping pressure on unpopular President Nicolas Maduro to scrap plans Continue Reading
US sanctions 13 Venezuelan officials, readies oil sector penalties
The US Treasury Department sanctioned 13 Venezuelan government officials Wednesday, including officials with state oil company PDVSA, in an effort to pressure Venezuelan President Nicolas Maduro to abandon plans for Continue Reading
Indonesia May Return To OPEC But Won’t Cut Production
Indonesia is open to rejoining OPEC, but only if it can determine its own production levels, the country’s Energy and Mineral Resources Minister Ignasius Jonan told Reuters in an interview. Continue Reading
China willing to sacrifice economic growth to control systemic risks: senior party official
A Chinese economic official on Thursday indicated that policymakers would be willing to sacrifice some short-term economic growth in order to deal with systemic risks. “(China can’t let smaller risks) Continue Reading
Analysis: China’s record US crude imports to give OPEC more sleepless nights
China’s import of US crude oil crossed 1 million mt for the first time in June, an eight-fold rise year on year, as elevated Dubai prices prompted both state and Continue Reading
A Worldwide Gas Glut Claims $27 Billion Victim in Canada
A $27 billion energy project in Canada just became the latest casualty of a worldwide glut of natural gas. Malaysia’s Petroliam Nasional Bhd abandoned on Tuesday its plans for the Continue Reading