Iraq-Iran oil ties hampered by US sanctions
Energy relations between Iraq and Iran are increasingly coming under pressure from the US government, which has forced OPEC’s second largest producer to end a crude supply deal with its Continue Reading
U.N.-backed government dispatches force to Libya’s Sharara oil field, al Jazeera TV says
A Petroleum Facilities Guard unit belonging to the Libyan government backed by the United Nations is heading to the El-Sharara oil field, Qatar-based al Jazeera TV reported in a tweet Continue Reading
Kazakhstan’s Oil Dilemma
It was a hot July morning in 2000 when a helicopter carrying Kazakhstan’s President Nursultan Nazarbayev landed on a drilling barge on the Caspian Sea. An anxious-looking Nazarbayev emerged from Continue Reading
Rosneft upbeat on Venezuela, sees oil output rising in 2019
Russia’s largest oil producer Rosneft said on Tuesday the political upheaval in Venezuela was only temporary, while the country had cut its debt, and expected its own total oil output Continue Reading
Venezuela oil output likely to fall 300,000 b/d by end-February on lack of diluent: sources
Venezuela is preparing to shut more than a quarter of its already reeling oil production in the coming weeks, with US sanctions preventing state-owned PDVSA from importing diluent needed to Continue Reading
Venezuelan Opposition Plans to Import Aid, in a Slap at Maduro
U.S.-backed members of Venezuela’s opposition converged on the Colombian border city of Cúcuta to arrange a new challenge against Venezuela’s autocratic leader, Nicolás Maduro: food shipments that would be transported Continue Reading
PDVSA sanctions affect flows, accelerating output declines
Just more than a week old, US sanctions on PDVSA, Venezuela’s state-owned oil company, have already had a dramatic impact on global crude and diluent flows and likely hastened the Continue Reading
Loss of Venezuelan oil exports won’t leave huge gap in global market
There is ample spare capacity in other oil producers and strategic reserves to compensate for a loss of Venezuela’s crude exports, helping explain the tepid reaction of global oil prices Continue Reading
Global EV car sales surge 63% in 2018
Global sales of passenger car electric vehicles (EVs) jumped by 63% last year to top 2 million units for the first time, helped by surging sales of plug-in EVs in Continue Reading
China Faces An Uphill Battle For Energy Independence
A Reuters report last week examining China’s renewed oil and gas exploration and production push should make the country’s oil majors, Beijing energy planners, and just about everybody else in Continue Reading