Crude, Gasoline Draw Boost Oil Prices
The American Petroleum Institute (API) reported a draw in crude oil inventory of 3.096 million barrels for the week ending April 12, coming in over analyst expectations of a 1.711-million-barrel Continue Reading
Oil up 1 percent as market focuses on supply risks
Oil prices rose 1 percent on Tuesday, as fighting in Libya and falling Venezuelan and Iranian exports raised concerns over tightening global supply, but uncertainty surrounding an OPEC-led production cut Continue Reading
Oil Could Fall To $40 If OPEC Abandons Its Deal
In more proof that U.S. oil production is continuing to alter global oil markets, Russia’s finance minister Anton Siluanov said on Saturday that Russia and OPEC might decide to increase Continue Reading
The 2018 heatwave may not have been possible without climate change
The northern hemisphere experienced a long heatwave in 2018 Tom Nicholson/Lnp/REX/Shutterstock We know climate change made the heatwave that swept the northern hemisphere last year more likely , but is Continue Reading
New measures to curb Syria fuel shortages
Government blames problem on Western sanctions impacting import of petroleum products Addressing Syria’s fuel shortages is the aim of new measures adopted by Damascus on Sunday. President Bashar al-Assad’s government Continue Reading
Syria imposes new fuel rations as sanctions bite
The regime, backed by Iran and Russia, controls almost two-thirds of Syria after a series of victories against rebels and jihadists since 2015, but the country’s main oil and gas Continue Reading
Haftar Receives Egypt’s Backing in Combating Terrorism in Libya
Egyptian President Abdul Fattah al-Sisi (C) receives LNA commander Khalifa Haftar (L) in Cairo on Sunday. (Reuters) Libyan National Army commander Khalifa Haftar received on Sunday Egypt’s backing for his Continue Reading
Iran’s oil exports hit new 2019 low so far in April: sources
Iran’s crude oil exports have dropped in April to their lowest daily level this year, tanker data showed and industry sources said, suggesting buyers are curbing purchases before Washington clamps Continue Reading
Qatar Petroleum wins offshore exploration rights in Argentina
Qatar Petroleum has won exploration rights in five offshore blocks in Argentina as part of two consortia, the company said in a statement on its website. The consortium for three Continue Reading
The Top 5 Hotspots For Renewables In The Middle East
A great positive story coming from the Middle East and North Africa (MENA), countering much of the negative news these days, is one of energy. Here, in one of the Continue Reading