Gas production a vote of confidence for Libya
The start of natural gas production off the coast of Libya is a breath of fresh air for a country facing significant security risks, a company chairman said. A joint Continue Reading
OPEC June crude oil output rises 90,000 b/d from May to 31.99 mil b/d: Platts survey
Highlights Libya turmoil sees output plummet 250,000 b/d Angola continues slide to 20-month low Venezuela posts 610,000 b/d year-on-year drop Iran falls to 3.8 mil b/d, Iraq rises to 4.54 Continue Reading
South Korea suspends Iranian oil loading in July for first time since 2012: sources
South Korea will not lift any Iranian crude and condensate in July, halting all shipments for the first time in six years amid U.S. pressure to cut all imports of Continue Reading
U.S.-Iran tensions rise over oil route as EU tries to save nuclear deal
The U.S. Navy stands ready to ensure free navigation and the flow of commerce, the U.S. military’s Central Command said on Thursday, as Iran’s Revolutionary Guards warned they would block Continue Reading
Energean ready to take Gaza Marine gas field stake if Israel, Palestinians agree
Greek oil and gas company Energean ( ENOG.L ) is ready to buy and operate a 45 percent stake in the offshore gas field Gaza Marine as soon as both Continue Reading
China chides Iran over threat to block oil exports through Strait of Hormuz
Iran should make more effort to ensure stability in the Middle East and get along with its neighbors, a senior Chinese diplomat said on Friday, as Iran’s Revolutionary Guards warned Continue Reading
Iran Looks To Barter Oil As U.S. Sanctions Bite
Faced with the return of U.S. sanctions, Iran is studying a revival of a plan to barter crude oil for goods, possibly resuming the scheme that it used to try Continue Reading
East Libyan Government Accuses Qatar Of Aiding Militants
The eastern Libyan government based in Tobruk has accused Qatar of aiding the militant groups that tried to take over the country’s oil ports last month, Sputnik reports , citing Continue Reading
Analysis: Iran’s June oil exports up, but US sanctions start to worry key buyers
Iran’s oil exports recovered in June as demand from its key customers in Asia increased with an appetite for Iranian oil picking up this summer. Receive daily email alerts, subscriber Continue Reading
Aramco Looks To Launch New Oil Price Benchmark
Saudi Arabia has turned its oil market fortunes around over the past 1 ½ years. From facing potential financial collapse due to a historic supply overhang of crude on the Continue Reading