How Much Iranian Oil Can Trump Disrupt?
Trump did not offer any new justification for how Iran was violating the nuclear accord – the IAEA confirmed on May 9 that Iran is in compliance with its nuclear Continue Reading
Iran Upbeat About Oil Exports Despite Sanction Threat
Iran is confident that its oil exports will not be disrupted by the re-imposition of sanctions after the United States vowed to withdraw from the Nuclear Deal, according to Iranian Continue Reading
Analysis: US expected to take hard line on Iran oil import cuts
The Trump administration will likely grant Iranian crude buyers less leeway from sanctions that snap back in November than the Obama administration granted in 2012-15, but an oil price spike Continue Reading
Riyadh offers oil assurances after U.S. walkout on JCPOA
With the United States reneging on the Iranian nuclear deal, Saudi Arabia is committed to ensuring oil market stability, its energy ministry said. “I do not believe that continuing to Continue Reading
More gas coming from mega field offshore Egypt
Natural gas production from the largest field ever discovered off the coast of Egypt is on pace for a 9 percent increase in output, Italy’s Eni said Thursday. Eni said Continue Reading
Iraq’s oil sector faces delays and reshuffle after elections
Iraqis go to the polls Saturday in a general election which could reshape its oil ministry and delay output expansion projects in OPEC’s second-largest member. With no political bloc expected Continue Reading
Nigeria oil production rebounds to 2.07 million b/d in April
Nigeria’s oil production rebounded to 2.07 million b/d in April this year, after it slipped to 2.02 million b/d in the preceding month, according to estimates released Thursday by the Continue Reading
Sudan: Fuel Crisis Protest in Capital of Sudan’s El Gezira
Hundreds of residents took to the streets of the Geziratelfil district of Wad Madani, capital of El Gezira, on Tuesday evening to demonstrate in protest against the fuel crisis, rise Continue Reading
Venezuela suggests ready to pay after Conoco moves on its Caribbean assets
Venezuela on Thursday rejected ConocoPhillips’s moves to seize the country’s Caribbean assets to collect on a $2 billion arbitration award, but in a sign the U.S. oil company’s pressure might Continue Reading
The Demise Of Petrocaribe
Petrocaribe was a mechanism created in 2004 under the sponsorship of former Venezuelan President Hugo Chavez, allegedly to promote energy cooperation and integration between Venezuela and a number of states Continue Reading