OPEC Seeks to Contain Its ‘Problem Children’
The oil refinery in Warri, Nigeria, pictured in August 2015, has roared back to life after years of neglect. Nigeria and Libya have added 550,000 barrels a day of crude-oil Continue Reading
Kemp: Mission Accomplished? OPEC Banishes Contango
“There is no doubt that the oil market is moving in the right direction,” the Organization of the Petroleum Exporting Countries noted with satisfaction in its most recent bulletin published Continue Reading
OPEC’s Strategy To Clamp Down On Cheating
The latest chapter of the “what will OPEC do next” saga unfolded on Thursday as reports emerged that the cartel and the non-OPEC producers led by Russia may discuss a Continue Reading
OPEC panel to discuss extending oil cut deal, tracking exports
OPEC and non-OPEC nations meeting on Friday will discuss a possible extension of an oil supply cut deal to support prices and will consider monitoring exports to assess compliance. The Continue Reading
Kurdish vote hurts trade, U.S. says
Sending oil north through Turkey, trade relations for the Kurdish north of Iraq could be hurt through a vote for independence, the U.S. State Department said. A referendum of independence Continue Reading
The ‘new’ Saudi Arabia is still a dungeon
ONCE AGAIN, news from Saudi Arabia points toward the old thinking and not the modern society promised by the new crown prince, Mohammed bin Salman. Despite the lofty rhetoric of Continue Reading
How Mexico’s Energy Reform Will Impact The U.S.
The liberalization of Mexico’s energy sector has the potential for big impacts on American operations, as the country is a major market for U.S. oil and gas. Demand for oil, Continue Reading
Exclusive: Brazil’s Braskem terminates supply contract with Venezuela’s PDVSA
Brazil’s Braskem has terminated a contract to buy light virgin naphtha and natural gasoline from Venezuela’s state-run oil company PDVSA that would expire this month, the petrochemical company said on Continue Reading
China Focus: Beijing-Shanghai railway speed rises to 350 kph
China Thursday increased the maximum speed of bullet trains on the Beijing-Shanghai high-speed railway to 350 kph, making it once again the world’s fastest train service some six years after Continue Reading
Japan fires up biomass energy, but fuel shortage looms
As the sun sets on Japan’s solar energy boom, companies and investors are rushing into wood-burning biomass projects to lock in still-high government subsidies. More than 800 projects have already Continue Reading