OPEC Has A Global Inflation Problem
The rise in oil prices in recent months has been a concern to oil-importing nations and to retail consumers as the rally has been inflating their oil import bills and Continue Reading
U.S. Sanctions Start to Pinch Shipping in Iran
It will be months before new U.S. sanctions against Iran take hold, but global shipping operators are already pulling back from the big oil-exporting nation. The world’s two biggest shipping Continue Reading
There’s No Getting Around Iranian Sanctions
“I personally think none of us will be able to get around it,” Vitol’s chief executive Ian Taylor said last week, commenting on the effects that renewed U.S. sanctions against Continue Reading
Terrorist Attacks Un Libya’s Oil Crescent Raises Security Alert
Libya’s oil crescent on Sunday announced a maximum security alert over possible terrorist attacks in vital oil ports and oilfields, as OPEC’s third disruptor—after Iran and Venezuela—threatens to further unsettle Continue Reading
Total pushing OPEC-member Angola back to life
Total announced it’s made a $1.5 billion final investment decision to get more oil out of a field in the deep waters off the coast of OPEC-member Angola. File Photo Continue Reading
India Won’t Pay For Venezuelan Oil With ‘Petro’ Cryptocurrency
India doesn’t plan to use Venezuela’s ‘petro’ cryptocurrency to pay for crude oil imports from the Latin American nation of which it is a large regular customer, India’s Foreign Minister Continue Reading
Truckers’ Strike in Brazil About To End, Another Coming
Just as the Brazilian government made some progress towards settling matters with truckers that have paralyzed the country with protests against high fuel prices, another strike is looming on the Continue Reading
Petroperu suspends pumping on North Peruvian crude pipeline
State-owned Petroperu halted pumping on its 200,000 b/d North Peruvian Oil Pipeline as it sought to investigate an apparent leak. Operations were stopped after crude was detected in a jungle Continue Reading
Brazil Truckers Strike to Cost Government $2.6 Billion Through End of Year
Brazil’s government said Monday that concessions to end a crippling truckers strike will have a high cost for taxpayers even as the country’s businesses and consumers struggle with shortages of Continue Reading
How the world’s biggest private equity oil and gas industry bid collapsed
Blame it on Trump, Iran or Venezuela. Rising oil prices combined with a heavy debt load killed the world’s biggest private equity oil and gas industry deal last week. Harbour Continue Reading