Is A Supply Crunch In Oil Markets Inevitable?
A series of second quarter earnings reports over the past two weeks has revealed surging profits across the oil industry, with some companies posting earnings that are double or triple Continue Reading
Earth Overshoot Day Offers Sustainability Lessons
August 1 will mark Earth Overshoot Day, the day that worldwide humanity will, in only seven months, have taken more resources from the Earth than can be replenished within a Continue Reading
Iran rejects Trump offer of talks as a dream, without value
Senior Iranian officials and military commanders on Tuesday rejected U.S. President Donald Trump’s offer of talks without preconditions as worthless and “a dream”, saying his words contradicted his action of Continue Reading
Iran again vows action in the Strait of Hormuz
Economic sanctions imposed on Iran will impact maritime traffic in the Strait of Hormuz, a main oil artery, an Iranian naval commander said Tuesday. “The cruel sanctions being imposed on Continue Reading
Major Asian Buyers Slash Iranian Oil Imports To 7-Month-Low
The top Asian oil importers and Iranian oil customers—China, India, Japan, and South Korea—bought in June their lowest combined volume of Iranian oil in seven months, as South Korea slashed Continue Reading
Iran: Saudis Can’t Replace Our Oil
U.S. President Trump is wrong to expect that Saudi Arabia and other large producers can compensate for the decline in Iranian crude oil supply resulting from the renewed U.S. sanctions Continue Reading
Iran MPs summon Rouhani as U.S. pressure squeezes economy
Iranian lawmakers have given President Hassan Rouhani one month to appear before parliament to answer questions on his government’s handling of Iran’s economic struggles, state media reported on Wednesday. It Continue Reading
Iraq’s oil exports from southern ports rise to 3.54 million bpd in July
Iraq exported 3.543 million barrels per day (bpd) of crude oil from its southern ports in July, slightly above the June average, the oil ministry said on Wednesday. Iraq exported Continue Reading
UAE’s July crude production hits one-year high: source
The UAE boosted its crude production by about 85,000 b/d in July, an industry source familiar with the country’s oil operations told S&P Global Platts, as OPEC loosens the taps Continue Reading
Iraq struggles to contain Basra oil protests
Protests continued to escalate in Basra on Tuesday, as demonstrators threatened shut down all roads leading to the super-giant West Qurna 1 oil field. Outraged protesters have flocked back to Continue Reading