Iraq to launch new Basrah crude oil grade over quality concerns
Iraq plans to launch a new Basrah Medium crude export grade in a bid to help stabilize the quality of its existing Basrah Heavy and Light export grades as more Continue Reading
Angola’s First Offshore Oil Project Prepares To Begin Producing
Even as OPEC-member Angola continues to comply to bloc-wide crude production cuts, its progress on its first offshore oil project remains unhindered, according to a new report by Reuters. Total, Continue Reading
Nigeria: Glut Looms As Buyers Reject Nigerian Crude
Lagos — Nigeria’s oil supply to the international market is facing glut as ample supply of light and medium grades from the North Sea and the Mediterranean are limiting buying Continue Reading
Venezuela faces a terrible new crisis: A critical shortage of blood
Mayra Linares, a 40-year-old sickle-cell anemia patient at Caracas University Hospital, waited for 10 days until she got one of three units of blood she needed in February. Her mother Continue Reading
Oil And Gas Is Under Attack In Latin America
“The energy reform has a lot of benefits to the country, to the people, so the worst case scenario in my point of view is that the speed that we Continue Reading
China To Consolidate Energy Industry Authority In New Ministry
China’s government plans to consolidate its energy industry authority into a new ministry, to replace the National Energy Administration, unnamed sources told Reuters. The NEA was set up ten years Continue Reading
Shell looks to meet growth in LNG trucking in Asia
Royal Dutch Shell is planning to build a truck loading facility at its Hazira liquefied natural gas (LNG) terminal on India’s west coast as it looks to meet demand from Continue Reading
Indonesia caps domestic coal price for power stations, could hit miners
Indonesia has capped the price of domestic coal for power stations at $70 per ton for two years, in new rules issued this week, a government spokesman said on Friday. Continue Reading
The Mysterious Chinese Company Looking To Buy Rosneft
When a little-known private Chinese company said in September 2017 that it would be buying 14 percent in Rosneft, many analysts were wondering how an obscure fuel trading company rose Continue Reading
Refiners, traders brace for fuel-market volatility ahead of sulfur caps
Global executives and traders are bracing for higher volatility in fuel markets as they expect refiners to process more light crude oil in the lead-up to new rules aimed at Continue Reading