IS Attacks Oil-Guarding Security Forces In Iraq
Two attacks by the Islamic State in Iraq occurred this weekend, targeting oil police and other security forces, local media report . “One member of an oil police unit died Continue Reading
Iran criticizes Greece, Italy for not buying its oil despite U.S. waivers
Iran’s oil minister on Tuesday criticized Greece and Italy for not buying its oil despite U.S. waivers and said they had not offered Tehran any explanation for their decision. The Continue Reading
Kuwait sees risk of oil supply shortage in 2019 due to Venezuela
The head of state-run Kuwait Petroleum Corp, Hashem Hashem, said on Tuesday that global oil supply could be hit this year by big reductions in exports from Venezuela. The Trump Continue Reading
Iraq sustains near-record exports to start 2019
Iraqi crude sales in January hit their second-highest monthly average ever, as the federal government and autonomous Kurdistan Regional Government (KRG) combined for 4.081 million barrels per day (bpd), according Continue Reading
Nigeria: Govt, Lack of Commitment Fuelling Gas Flaring – Operators
Federal Government has been accused of failing to show the necessary commitment needed to end gas flaring in the Nigerian petroleum industry. This was the view of former Chairman of Continue Reading
A terrifying assessment of Himalayan melting
By now everyone, except die-hard climate deniers, know that the Earth’s surface is warming rapidly and this is going to have a catastrophic effect on the Himalayan mountains. But it Continue Reading
Venezuela Struggles to Pump, Ship Oil After U.S. Sanctions
Venezuelan crude exports are declining sharply as new U.S. sanctions push the country’s oil industry closer to collapse, threatening a bigger impact on global markets than many experts anticipated, people Continue Reading
Venezuela crisis: Guaidó ridicules ‘civil war’ threat
Why Venezuela matters to the US… and vice versa Venezuela’s opposition leader Juan Guaidó has dismissed warnings from President Nicolás Maduro the country’s political crisis could spark civil war. Mr Continue Reading
Sanctions Cut Off Venezuelan Crude Supply To U.S. Refiners
U.S. refiners will not be able to complete transactions for shipments of crude from Venezuela’s PDVSA for cargoes they had contracted before the U.S. Treasury slapped sweeping sanctions on the Continue Reading
Wood Mac: Venezuela’s Oil Output To Fall Below 1 Million Bpd
Venezuela’s crude oil production could fall below 1 million bpd after the United States imposed new sanctions on its already struggling state oil company PDVSA, Wood Mackenzie analyst Ann-Louise Hittle Continue Reading