Why Diesel Prices Are Set To Soar
The world is ticking down to a deadline that promises to have major ramifications in the global fuel markets. On January 1, 2020, the International Maritime Organization (IMO) will require Continue Reading
European Firms Hit Hard By U.S. Sanctions On Iran
As Iran is turning to the UN’s International Court of Justice to have the US-imposed sanctions against its oil suspended, the EU is preparing for the hit its economies will Continue Reading
Iraq oil exports hit 2018 peak in August
Iraq’s oil exports for August hit their highest monthly figure this year, the oil ministry said Saturday, with nearly 112 million barrels of crude bringing $7.7 billion to the war-torn Continue Reading
Hundreds escape Libya prison amid deadly clashes in Tripoli
Civilians in Libya’s capital have been caught up in the deadly clashes between rival militias Some 400 prisoners have escaped from a facility near the Libyan capital Tripoli amid deadly Continue Reading
Iraqi oil exports and revenues skyrocket in August
Terminals in the Basra Gulf and Kurdistan-controlled Ceyhan in August combined for a record average of 4.028 million barrels per day (bpd) of oil exports, representing a 4 percent increase Continue Reading
Iraq’s Aug southern crude oil exports hit new record high of 3.853 million b/d
OPEC’s second-largest producer, Iraq, boosted its southern crude oil exports to a new record high of 3.583 million b/d in August, according to the latest oil ministry data. Receive daily Continue Reading
Saudi Arabia Plans to Dig Canal Turning Qatar Into an Island
A senior Saudi official has appeared to confirm Riyadh’s plans to dig a canal separating Qatar from the mainland, turning it into an island. Qatar has been diplomatically isolated from Continue Reading
Nigeria: Risking Fresh Attacks On Nigeria’s Oil Production
Against the backdrop of recent threats by militant groups to resume disruption of oil production in the Niger Delta, James Emejo and Chineme Okafor write that the Nigerian economy could Continue Reading
KPT hits back, says all piers open
The Karachi Port Trust (KPT) on Friday hit back at the Petroleum Division and the oil industry, saying they were not giving the full picture and hiding their own shortcomings Continue Reading
China Doubled Its Battery Storage Capacity In Just Six Months
China is looking to boost its energy storage market and projects as it adds growing renewable power capacities. At the end of last year, the Chinese authorities issued a unified Continue Reading