The U.S.-China Trade War Is Great News For OPEC
The renewed U.S.-Chinese trade tit-for-tat threatens to limit U.S. crude oil exports to China that have been gaining pace in recent months and eating into OPEC’s share in the market, Continue Reading
Core OPEC Ramps Up Production Ahead Of Meeting
As discussed on CNBC Asia last night , Core OPEC has been ramping up exports this month ahead of tomorrow’s OPEC meeting in Vienna. Historically, production typically rises ahead of Continue Reading
Oil depots in Libya recaptured
As the U.S. government weighs in on the conflict in the OPEC member, military forces in Libya regained control over key oil installations, reports read Thursday. Al-Jazeera reported Thursday that Continue Reading
Turkey Plans World’s Biggest Offshore Wind Farm
Turkey said on Thursday that it would be accepting applications for the construction and operation of a 1,200-MW offshore wind farm— the world’s biggest —by October 23. The Renewable Energy Continue Reading
Third Oil Storage Tank Set Ablaze Amid Clashes At Libyan Port
Clashes at Libya’s oil port of Ras Lanuf resulted in a third storage tank set on fire, a witness and an oil engineer told Reuters on Thursday. Over the past Continue Reading
Saudi Aramco Clears Another IPO Hurdle
Saudi Arabia has cleared another hurdle on its way to successfully launching Aramco’s initial public offering after MSCI granted it emerging market status in its latest review, Morningstar reports . Continue Reading
Supreme Court supports recount, raises new questions
Iraq’s highest court largely backed a Parliament law requiring a manual recount of the May 12 elections, but political leaders disagree about how to interpret the ruling. Iraq’s Federal Supreme Continue Reading
Brazil opens door to oil production advances
New policies enacted by Brazilian energy regulators facilitate construction of the production infrastructure needed to crack into offshore oil, a report found. A compromise solution from the National Agency of Continue Reading
Venezuela: U.S. Sanctions Are “An Attack On The Oil Market”
The U.S. sanctions against Venezuela are affecting consumers worldwide and are an attack on the oil market, Venezuelan Oil Minister Manuel Quevedo said on Thursday. The minister, speaking at an Continue Reading
Nigeria: We’ll Stop Fuel Importation, Begin Export By 2019 – Baru
By the year 2019, Nigeria is not only aiming to end fuel importation but to becoming a net exporter of the product, the Group Managing Director of the Nigerian Petroleum Continue Reading