Iran Suspends Gas Exports To Iraq After Earthquake
Iran halted late on Tuesday gas exports to neighboring Iraq for several days, in order to repair pipeline damages caused by an earthquake near the Iraqi border on Sunday night, Continue Reading
Iraq Looks To Squeeze Out Resellers Of Its Crude
Iraq is increasingly edging out resellers of its Basra crude grades on the spot market as its state oil marketing company SOMO aims to have greater share and control over Continue Reading
Nigeria: Refineries Now to Be Fixed in 2020, Not 2019
Plans by Nigerian government to fix Nigeria’s moribund refineries and make them work in utmost capacity will not materialise until 2020, Ibe Kachikwu, Nigeria’s oil minister has said. Mr Kachikwu Continue Reading
Pemex adds 1B barrels of oil reserves in biggest onshore find in 25 years
State oil company Pemex is set to add a billion barrels of oil equivalent to reserves after discovering a gas field that, within four years, will yield 80,000 barrels per Continue Reading
Petrobras sells stakes in Brazilian fields worth $823M to focus on deepwater
Brazilian state oil company Petrobras said Wednesday it has sold onshore and shallow offshore fields in Brazil for $823 million, part of the company’s efforts to divest assets to focus Continue Reading
Brazil Backs Out of Hosting 2019 Climate Change Meeting
Brazil this week pulled out of hosting next year’s United Nations global summit on climate change, the latest signal that Latin America’s largest nation no longer aspires to be an Continue Reading
U.S. crude stockpiles build for tenth straight week: EIA
U.S. crude oil stockpiles rose for a 10th week in a row last week even as refineries boosted output and exports increased, the Energy Information Administration said on Wednesday. Crude Continue Reading
Analysis: US crude stocks build for 10th week, defying expectations
Rebounding refinery utilization and stepped-up export activity failed to blunt US crude stock growth, which extended for a 10th consecutive week, US Energy Information Administration data showed Wednesday. Receive daily Continue Reading
Is The Trade War Coming To An End?
Oil markets appear to be full of uncertainty, awaiting the outcome of the OPEC+ meeting for more direction. But some clues about the trajectory of oil prices in 2019 may Continue Reading
Natural Gas Prices Fall Below Zero In Texas
Surging U.S. oil production in the Permian basin has helped crash oil prices. But the Permian is also home to skyrocketing natural gas production, and output is growing so fast Continue Reading