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Month: June 2018

Category:
  • OPEC
  • Shale Oil

Continental Resources CEO Harold Hamm pulls out of OPEC meeting

Continental Resources Inc Chief Executive Harold Hamm has decided not to attend an OPEC event this week in Vienna, according to a company spokeswoman. Hamm, the founder of one of Continue Reading

Posted On : 19 Jun 2018 Published By : Tom Whipple
Category:
  • Iran
  • Iraq

Iranian Influence In Iraq Grows

Iran has effectively won the struggle to dominate the future of Iraq. It has done so against the formidable Shi’ite Arab populace, and after nearly a month of raw pressure, Continue Reading

Posted On : 19 Jun 2018 Published By : Tom Whipple
Category:
  • Libya

Fighting Cuts Libyan Oil Storage Capacity By 400,000 Barrels

Continued clashes between the Libyan National Army and rival groups has cut the storage capacity at Ras Lanuf oil export terminal by 400,000 barrels, after a second tank was set Continue Reading

Posted On : 19 Jun 2018 Published By : Tom Whipple
Category:
  • Iran

Iran says South Pars not affected by U.S. actions, upgrading oilfields

The possible withdrawal of French oil major Total from Iran’s South Pars gas field has not slowed down the project, a senior Iranian official said, adding that Tehran is in Continue Reading

Posted On : 19 Jun 2018 Published By : Tom Whipple
Category:
  • Egypt
  • Saudi Arabia

Saudi Aramco to supply Egyptian refineries for another six months: minister

Saudi Aramco, the world’s largest oil producer, agreed to supply Egyptian refineries with crude oil for another six months from July, Egypt’s Petroleum Minister Tarek El Molla said on Tuesday. Continue Reading

Posted On : 19 Jun 2018 Published By : Tom Whipple
Category:
  • Climate
  • Iraq

Iraq Bans Rice, Yellow Corn Planting Due to Water Shortages

 Iraq has informed farmers of a ban on planting rice and other water-intensive crops in the face of increasing shortages because of drought and shrinking river flows. A letter from Continue Reading

Posted On : 19 Jun 2018 Published By : Tom Whipple
Category:
  • Libya

Fighting Cuts Libyan Oil Storage Capacity By 400,000 Barrels

Continued clashes between the Libyan National Army and rival groups has cut the storage capacity at Ras Lanuf oil export terminal by 400,000 barrels, after a second tank was set Continue Reading

Posted On : 19 Jun 2018 Published By : Tom Whipple
Category:
  • OPEC
  • United Arab Emirates

UAE energy minister says oil market moving ever closer to becoming rebalanced

United Arab Emirates’ Energy Minister Suhail Al- Mazrouei said on Monday that the oil market is moving closer to rebalancing, according to a statement sent by his ministry.  Mazrouei, who Continue Reading

Posted On : 19 Jun 2018 Published By : Tom Whipple
Category:
  • Egypt

More gas production expected from Egypt

New natural gas production should come from Egypt by the end of the year, SDX Energy said after announcing a new gas discovery on Monday. The company said it found Continue Reading

Posted On : 19 Jun 2018 Published By : Tom Whipple
Category:
  • Libya

Libyan oil depots suffer catastrophic blow

Damage from militant attacks on a crude oil terminal on the Libyan coast was described by a national oil company Monday as catastrophic. Libya’s National Oil Corp. said Monday it Continue Reading

Posted On : 19 Jun 2018 Published By : Tom Whipple

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