Coming Soon to an Ocean Near You: Ships Moving a Tiny Bit Slower
If you happen to be at the beach this summer, make a mental note of any giant freighters crossing the horizon. In a few years’ time those same ships will Continue Reading
Iran says U.S.-caused oil spike will slow growth, add to tariff impact
A rise in oil prices caused by the United States’ sanctions policies will hurt economic growth in China, Europe and other consumers, much like President Donald Trump’s trade measures, a Continue Reading
Western powers welcome return of Libyan oil
Mustafa Sanalla, the head of Libya’s U.N.-backed oil company, said work is under way to bring production back to normal after four weeks of unrest. Photo courtesy of the National Continue Reading
Police End Protests At Iraq’s Southern Oil Fields
Iraqi police have managed to impose control over protesters at some of Iraq’s biggest oil fields in the south, who had been demanding that companies running the fields hire local Continue Reading
Iran Assures India It Will Supply Enough Oil
Iran will take care to supply India with all the oil it needs, the country’s embassy in India said , a day after deputy ambassador threatened India that Iran could Continue Reading
Libya’s Oil Production Ramps Up After Ports Reopen
Libya’s Abu Attifel oil field has restarted operations after a two-week halt due to the closure of oil ports—a closure that ended on Wednesday after Libya’s National Oil Corporation (NOC) Continue Reading
Government offers oil job promises to settle protestors
The Iraqi government on Thursday attempted to quell five days of protests outside vital Basra oil fields with promises of jobs, electricity, and clean water. One protestor was killed on Continue Reading
S. Arabia will be ‘Reluctant to Exhaust’ its ‘Substantial’ Spare Capacity
Saudi Arabia will be “reluctant to exhaust” its “substantial” spare capacity, according to oil and gas analysts at BMI Research. “Questions are being asked as to the extent to which Continue Reading
No End In Sight For Venezuela’s Oil Crisis
Venezuela’s oil production plunged by another 47,500 barrels per day (bpd) in June, compared to a month earlier. An exodus of workers and field shut downs were reported for the Continue Reading
Nigeria: Oil Sector Loses 754,000bpd to Pipeline Disruption
Nigeria’s oil sector is estimated to have lost over 754,000 barrels per day (bpd) in February, to production shut-in occasioned by pipeline vandalism, according to the latest monthly financial report Continue Reading