Iraqi oil exports steady in June though federal revenues fall
Nationwide oil exports were virtually flat in June from a 2018 peak in May, with the largest monthly federal Iraq tanker loadings of the year offset by a multi-day outage Continue Reading
Trump says Saudis must compensate for drop in Iran oil supply
President Donald Trump lashed out at OPEC with a warning to stop manipulating oil markets and piled pressure on U.S. ally Saudi Arabia to raise supplies to compensate for lower Continue Reading
Saudi Arabia’s next oil move in spotlight after Trump call
US president Donald Trump has called on Saudi Arabia to increase oil production by an extra 2m barrels a day, as he tries to keep oil prices in check while Continue Reading
Saudi Arabia Won’t Bring 2 Million Bpd Online
President Trump said in a tweet on Saturday that Saudi Arabia agreed to boost oil production by 2 million barrels per day (mb/d), a claim that surely came as news Continue Reading
South Africa: Fuel Price Spike Pushes Costs into Record Territory
Cape Town — Motorists’ wallets are in for another shock after the June petrol price hike. Minister of Energy Jeff Radebe has announced a 23 cents price increase for 93 Continue Reading
Mexico’s New President Has The Energy Sector On Edge
Andrés Manuel López Obrador (AMLO) won a landslide victory in Mexico’s presidential election on Sunday, and appears poised to win majorities in both houses of Congress, granting him sweeping power Continue Reading
Cuban oil drilling window opening
Australian energy company Melbana sees drilling window opening at a field near the northern coast of Cuba. Map courtesy of Melbana Energy Ltd. July 2 (UPI) — A window for Continue Reading
U.S. Oil Exports Overtake OPEC’s Number 3
Two and a half years after the U.S. removed export restrictions on its crude oil, its exports hit 3 million bpd —the latest all-time high set in recent months. The Continue Reading
US abandons plans for refined product reserves: Energy Department official
The US Department of Energy has abandoned all plans to build petroleum product reserves on the West Coast and in the Southeast, citing high costs and the potential for market Continue Reading
China Will Need More US Natural Gas
China will stay the largest incremental natural gas user for as far as we model. To help clear hazy skies and cut CO2 emissions, China must expand the role of Continue Reading