India’s oil minister said on Wednesday Saudi Arabia and other OPEC producers are “revisiting” their output-cutting policy, referring to a discussion he had with his Saudi counterpart. “For the first Continue Reading
While many market participants view the recent talk of OPEC potentially raising oil production by as much as 1 million bpd as a bearish factor for oil prices, Goldman Sachs Continue Reading
It is a mid-sized Belgian business that oils the wheels of global finance from a tranquil lakeside south-east of Brussels, across the road from a 19th-century château. But the peaceful Continue Reading
The OPEC meeting on June 22nd could become a major showdown of internal conflicts. The media has been focusing on the possible split between the Arab producers and Iran, and Continue Reading
After an initial hesitance over how the returning U.S. sanctions will affect Iran’s oil buyers, European refiners are beginning to wind down purchases from Iran after tanker providers, insurers, and Continue Reading
Parliament retroactively amended Iraq’s election law Wednesday to require a full manual recount of the May 12 voting results, adding new uncertainty to an already volatile political landscape. The legislation Continue Reading
OPEC member Angola’s southern neighbor, Namibia, could be a focal point with a quarter-million barrels of potential reserves, an Atlantic-focused company said. Atlantic-focused Chariot Oil & Gas Ltd. had little Continue Reading
Although Nigeria has managed to restore its oil production to around 1.8 million bpd, following major militant attacks on oil infrastructure in 2016, sabotages in parts of the oil-rich Niger Continue Reading
A massive oil spillage from Shell Petroleum Development Company, SPDC pipeline has been reported in Aghoro communities in Ekeremor Local Government Area of Bayelsa State. Confirming the spillage to newsmen, Continue Reading
Development of oil basins off the coast of Brazil remains a core focus, Norwegian energy company Equinor said after selling off interests to Exxon Mobil. Equinor, formerly known as Statoil, Continue Reading
