Iran Sanctions Could Backfire On U.S. Drillers
The United States is upping the ante in its effort to sanction Iran, and its efforts may further complicate its ongoing trade war with China and affect the flow of Continue Reading
Exclusive: China shifts to Iranian tankers to keep oil flowing amid U.S. sanctions – sources
Chinese buyers of Iranian oil are starting to shift their cargoes to vessels owned by National Iranian Tanker Co (NITC) for nearly all of their imports to keep supply flowing Continue Reading
Iraq’s Basra Oil, Chevron agree to implement MOU to develop oil fields: Iraqi oil ministry
Iraq’s state-run Basra Oil Company and Chevron agreed to begin implementing a memorandum of understanding to develop fields in the south of the country, the Iraqi oil ministry said on Continue Reading
Egypt Aims For Natural Gas Dominance In The Mediterranean
The natural market gas in the Eastern Mediterranean is in full ebullition – with Egypt determined to be the center of this regional marketplace. The country faces challenges, including maintaining Continue Reading
Nigeria Wasted $1 Trillion Earned in Oil Booms, Says Report
But for the recurring wastefulness of federal government, the country could have used about $1 trillion it earned from its production and sale of crude oil in five different oil Continue Reading
Shell shuts Trans Ramos pipeline feeding into Nigeria’s Forcados oil terminal
London — Oil major Shell shut-in the Trans Ramos pipeline which feeds into Nigeria’s Forcados oil export terminal, to clean up crude oil spilled from a ruptured section, it said Continue Reading
India’s surging coal imports driven by captive power users: Russell
India’s coal imports appear headed for another strong month in August, raising the question as to why the usually cost-sensitive market hasn’t scaled back purchases given a surge in prices Continue Reading
Venezuela’s Key Refineries At Risk Of Seizure
In 2007, following Venezuela’s expropriation of billions of dollars of assets from U.S. companies like ExxonMobil and ConocoPhillips, I suggested a potential remedy. Since Venezuela’s state-owned oil company, PDVSA (Petróleos Continue Reading
Ecuador tightens entry rules for Venezuelan migrants
Venezuelan migrants stuck at Ecuador border Ecuador has brought in new rules to stop Venezuelan migrants entering the country without a passport, leaving many stranded in neighbouring Colombia. Thousands of Continue Reading
Venezuelan Crisis Escalates as President’s Economic Plans Fuel Tensions
The exodus of Venezuelans gained pace as the government’s plans to address the collapsing economy fueled anxiety, while tensions grew in neighboring countries that have strained to absorb refugees. Over Continue Reading