Iran Pushes Back Against The OPEC Deal
Extending the OPEC cuts beyond their current expiry date at the end of 2018 would seem unnecessary if oil prices keep rising, Iran’s Oil Minister Bijan Zangeneh told the Iranian Continue Reading
EU naval force unaware of Red Sea tanker seizures after Saudi embassy report
The European Union naval force responsible for monitoring shipping around the Horn of Africa region is unaware of a tanker security situation off Yemen reported by the Saudi Embassy in Continue Reading
Oil Slips as Trump and France’s Macron Talk Iran Deal
Oil prices slipped on Tuesday as concerns that the United States might reinstate sanctions against Iran faded somewhat, alleviating worries about the future of Iranian exports. U.S. President Donald Trump Continue Reading
Iraq oil exports from south average 3.5 million bpd so far in April: oil executives
Iraq’s crude exports from its southern region on the Gulf averaged 3.5 million barrels per day so far in April, two oil executives told Reuters on Wednesday. Reporting by Aref Continue Reading
Sudan: Fuel Shortage Further Paralyses Transport
Reports from various parts of Sudan to Radio Dabanga tell of the paralyzing effect the fuel shortage has had on traffic and public transportation for nearly two consecutive weeks. On Continue Reading
Pemex CEO says must move towards IPO, but not currently planned
The chief executive of Mexico’s national oil company Pemex [PEMX.UL] said on Wednesday it must move towards a stock exchange listing like Saudi Arabia’s Aramco has done but that such Continue Reading
Colombia’s Migrant Crisis Worsens With Venezuela Nearing ‘Implosion’
The flow of migrants fleeing Venezuela’s collapsing economy is increasing every day, putting a strain on Colombia’s health and education systems and its jobs market, Colombian President Juan Manuel Santos Continue Reading
Shell holds tight to shale basin in Argentina
Royal Dutch Shell sheds assets in Argentina, including it’s retail operation, but will maintain it’s grip on one of the more promising shale basins in the world. Photo courtesy of Continue Reading
Can China Combat Its Natural Gas Crisis?
Last December, LNG imports into China hit a record high amid natural gas shortages due to the government moving too fast with its shift from coal to gas as well Continue Reading
China to issue rest of 2018 fuel export quotas in single round: sources
BEIJING (Reuters) – China is expected to issue fuel export quotas for the rest of this year in one allocation round rather than in batches, keeping the total allowances for Continue Reading