Iran on verge of political volcanic eruption
Those who watched the spectacular volcanic eruptions in Hawaii in June will have seen the tremors and earthquakes that were followed by massive explosions, as great floods of molten lava Continue Reading
Preparations for listing Aramco stalled: WSJ
Public listing preparations of state-run Saudi Aramco have stalled, the Wall Street Journal reported on Thursday. Aramco, the world’s biggest oil producer, has been expanding its global footprint by signing Continue Reading
Saudi Arabia raised oil output by around 500,000 bpd in June: sources
ABU DHABI (Reuters) – from the level it said it produced in May, OPEC sources told Reuters on Thursday. Saudi Arabia’s total supplies to the market in June were even Continue Reading
Nigeria: NNPC Says Nigeria Will Increase Crude Oil Reserves By One Billion Barrels Yearly
The Nigerian National Petroleum Corporation (NNPC) has said that the country will increase crude oil reserves by one billion barrels yearly to meet 40 billion barrels target by 2020. Group Continue Reading
China’s ethanol push in doubt as U.S. trade dispute widens
China’s ambitious push to use biofuel in cars nationwide by 2020 is in doubt amid concerns about supplies of raw material such as corn, complicated by an escalating trade dispute Continue Reading
Asia’s oil refiners rush to deal with U.S.-China trade war, looming Iran sanctions
Asian oil refiners are racing to secure crude supplies in anticipation of an escalating trade war between the United States and China, and as Washington plans tough sanctions against Iran Continue Reading
This Year’s Selloff in Chinese Markets Isn’t Like 2015. It Looks Worse.
This year’s selloff in China’s stocks and currency is reviving painful memories of the country’s last market rout, in the summer of 2015. If anything, things look more worrying this Continue Reading
China Issues Second Batch Of Crude Oil Import Quotas For 2018
China has issued its second batch of crude oil import quotas to independent refiners and trading companies for 2018—a much smaller batch, but the low volumes were expected because the Continue Reading
Why Trump is pressing Saudi Arabia to lower oil prices: Kemp
LONDON (Reuters) – The United States and Saudi Arabia appear to have reached an understanding: Washington will reduce or eliminate Iran’s oil export revenues and in return Riyadh will guarantee Continue Reading
Weekly Petroleum Status Report
Summary of Weekly Petroleum Data for the week ending June 29, 2018 U.S. crude oil refinery inputs averaged 17.7 million barrels per day during the week ending June 29, 2018, Continue Reading