UAE, Qatar Warily Extend Joint Oilfield Concession
The United Arab Emirates and Qatar have extended a concession for an offshore oilfield that the two share—but warily, since the UAE is part of a regional blockade against Qatar, Continue Reading
Post Tillerson: Is The Iran Nuclear Deal At Risk?
President Donald Trump sacked Secretary of State Rex Tillerson via Twitter on Tuesday, replacing him with current CIA Director Mike Pompeo. The move has some grim implications for the U.S.’ Continue Reading
Kirkuk fields begin to re-start
The Bai Hassan oil field and the Avana Dome of the Kirkuk field have started initial runs of production, five months after they were shut in following a federal military Continue Reading
Kazakhstan Offers Shell Up To 20% In State Oil Firm
Kazakhstan’s sovereign wealth fund has offered to Shell up to a 20 percent stake in KazMunayGas (KMG) in a bid raise the value of the state oil company ahead of Continue Reading
Nigeria: Refinery Overhaul Begins in Q2 – NNPC
The Nigerian National Petroleum Corporation hinted yesterday that overhaul projects of the nation’s ailing refineries will commence in the second quarter of 2018. According to Reuters, the chief operating officer Continue Reading
Nigeria Finally Moves To Cut Sulfur In Fuels, A Year After Deadline
West Africa’s biggest fuel consumer Nigeria will start reducing the sulfur levels allowed in fuel imports in July 2018, a year after a July 2017 deadline it had initially pledged Continue Reading
India’s Oil Imports From Venezuela Plunge To Lowest Since 2012
As crisis-stricken Venezuela is struggling with a steep decline in its oil production, India’s average oil imports from the Latin American OPEC member have slumped over the last few months Continue Reading
Venezuela’s crude oil production declines amid economic instability
Venezuela’s crude oil production has been on a downward trend for two decades, but it has experienced significant decreases over the past two years. Crude oil production in Venezuela decreased Continue Reading
China steel mills boost output despite winter curbs
China’s daily steel output rose in January and February as mills in the world’s top producer raced to take advantage of high prices, even as worries mount about a growing Continue Reading
China Now Produces More Oil Abroad Than At Home
China is among the most import-dependent large oil consumers, but imports, it seems, are not its only problem when it comes to oil. Apparently, production from assets the Chinese state Continue Reading