Iranian Oil Exports Drop As Waiver Expiry Draws Near
Iranian oil exports have dropped this month as waivers are soon set to expire, Refinitiv Eikon and tanker tracking data showed, according to Reuters. The United States is set to Continue Reading
Floods in Iran force minor shut-in of production at West Karun oil fields
Heavy crude production in Iran’s flooded West Karun oil fields has dropped by about 10,000 b/d to 20,000 b/d, the state-run company in charge of the operations said Wednesday, according Continue Reading
Libya’s Fragile Oil Renaissance Is Under Threat
Libya’s oil production has yet to suffer disruptions, even as oil prices have climbed on fears of potential outages. However, the longer fighting drags on, the more likely Libya’s oil Continue Reading
Kuwait Could Add 400,000 Bpd Heavy Oil Output By January 2020
Kuwait will start this year the first phase of a heavy oil field production, aiming to boost heavy crude output to 430,000 bpd from 60,000 bpd by January, the official Continue Reading
How Low Can It Go? Angola’s Oil Exports To Hit Decade Low In June
Production outages and maintenance are set to push Angola’s oil exports to a 13-year low, according to an industry source quoted by Reuters. There are just 38 oil cargoes scheduled Continue Reading
The Giant Floating LNG Project You’ve Never Heard Of
One of Africa’s brightest LNG prospects, Tortue FLNG is edging increasingly closer to its estimated commissioning date, 2022. It is one of the largest deepwater gas find of recent years Continue Reading
U.S. slaps new sanctions on Cuba and Venezuela to pressure Maduro
The Trump administration on Wednesday imposed new sanctions and other punitive measures on Cuba and Venezuela, seeking to ratchet up U.S. pressure on Havana to end its support for Venezuela’s Continue Reading
Exclusive: Spain’s Repsol suspends swap deal for Venezuelan oil under U.S. pressure
Spain’s Repsol has suspended its swaps of refined products for crude with Venezuela’s state-run oil company PDVSA, people familiar with the matter said, as U.S. officials weigh penalties for foreign Continue Reading
Foreign Carmakers Fight Uphill Battle Against Chinese EV Giants
With China’s notoriety as the world’s largest electric-vehicle market, it’s hardly any wonder that all international carmakers are vying for a piece of the EV pie that is only going Continue Reading
Californians Paying Most Expensive Pump Prices in Five Years
Pump prices have spiked in California as unexpected and planned maintenance and the switchover to more-expensive summer blend gasoline continues, ultimately increasing the national average. Out of California’s 10 refineries, Continue Reading