Climate change: CO2 emissions rising for first time in four years
Carbon emissions have not yet peaked in many countries the report says Global efforts to tackle climate change are way off track says the UN, as it details the first Continue Reading
Saudis Say Nuclear Energy Will Speed Up Economic Development
Saudi Arabia’s plans to build a nuclear power plant will speed up the Kingdom’s economic development as it would diversify its over-reliance on crude oil, a Saudi energy expert told Continue Reading
Iraq Looks To Seize Greater Oil Market Share In Asia
Iraq has allocated 67 percent of its 2019 oil sales to Asia, the country’s oil ministry said on Tuesday, as OPEC’s second-biggest producer aims to sell more of its oil Continue Reading
How Much Oil Production Will The Saudis Cut?
Donald Trump continues to take credit for lowering oil prices. So great that oil prices are falling (thank you President T). Add that, which is like a big Tax Cut, Continue Reading
Iraqi power supply plunges with Iran gas pipeline outage
Power generation plummeted Tuesday after the shutdown of a pipeline carrying natural gas from Iran, which provides more than one-quarter of Iraq’s electricity feedstock. “The pipeline delivering gas to Iraq Continue Reading
Iraq southern oil exports around 3.3 million bpd in November: oil executives
Iraq’s crude oil exports from its southern ports on the Gulf stood at around 3.3 million barrels per day (bpd) so far in November, three oil executives said on Tuesday. Continue Reading
Iraq approves China drilling deal for West Qurna Two oilfield: sources
Iraq has approved a $156.74 million drilling deal with China’s Bohai Drilling Engineering Co. for the West Qurna Two oilfield, two Iraqi oil officials said on Tuesday. Under the 24-month Continue Reading
Exclusive: Brazil oil tanker collision reveals offshore regulatory gaps
Brazil has more than doubled the number of risky ship-to-ship oil transfers this year, but its monitoring of such offshore maneuvers is lax, to a point where a July 2017 Continue Reading
Three Reasons Why LNG Prices In Asia Are Plunging
Prices for liquefied natural gas (LNG) remain weak going into what forecasters are claiming will be a warmer than usual winter season in the Northern Hemisphere. In fact, last week Continue Reading
Oil Prices Steady After API Reports Crude Build, Gasoline Draw
The American Petroleum Institute (API) reported a crude oil inventory build of 3.453 million barrels for the week ending November 23, compared to analyst expectations that we would see a Continue Reading