Iran’s oil ministry said on Sunday that it had been receiving revenues from selling oil despite difficulties caused by U.S. sanctions, denying allegations made by former President Mahmoud Ahmadinejad over Continue Reading
Kuwait’s Oil Minister Khalid al-Fadhil said current oil prices are good for producers and consumers, Kuwaiti newspaper Al-Rai reported on Sunday. Al Rai cited al-Fadhil saying “current oil prices are Continue Reading
Saudi Arabia plans to cut its crude oil exports in April to below 7 million barrels per day (bpd), while keeping its output “well below” 10 million bpd, a Saudi Continue Reading
Saudi Aramco’s board is set to meet this week in Saudi Arabia where it will approve a bond issuance plan that will likely help finance a potential acquisition of a Continue Reading
Normal crude oil export operations were restored, March 7, on the 150,000 barrels per day Nembe Creek Trunk Line (NCTL) following the plugging of a leak which resulted in the Continue Reading
Asia is drowning in Chinese fuels and things are about to get worse over the next three years as new refining capacity in the world’s second-largest economy begins operating. There Continue Reading
The Oil Companies International Marine Forum (OCIMF) and international shipping associations have reduced the so-called High Risk Area for piracy attacks on ships and tankers in the Indian Ocean, but Continue Reading
Venezuela watchers have been talking about the “collapse” of the country for a long time. They were mainly using the word metaphorically, applying it to statistical oddities such as fast Continue Reading
Sporadic looting and spontaneous protests. Desperate patients begging doctors to be kept alive. Residents bracing for wider attacks on markets and restaurants after the sun goes down. Sunday was the Continue Reading
At least 15 people have died as a result of a massive electricity outage that has crippled Venezuela, as doctors struggled to assist patients, telecommunications networks were wiped out and Continue Reading
