Iran Shutters Oil Fields To Cope With Deadly Floods
Iran has shut down some oil fields in its southwest Khuzestan province bordering Iraq and the Persian Gulf, as the Islamic Republic is looking to control the damage from recent Continue Reading
Iran Peddling 1MM Barrels of Oil Again
An Iranian exchange has offered investors as much as 6 million barrels of oil so far this year. Only a single deal closed, for the minimum 35,000 barrels. Iran’s oil Continue Reading
Aramco in talks for 25 percent of Reliance’s refining, petrochemical units: report
Saudi Aramco, the world’s largest crude oil producer, is in “serious discussions” to acquire up to a 25 percent stake in Reliance Industries’ refining and petrochemicals businesses, the Times of Continue Reading
Nigeria: Govt Begins Real-Time Monitoring of Gas Flaring, Oil Spill
The Federal Government, yesterday, disclosed that it has started the real-time tracking and monitoring of gas flaring and oil spillage across the country. Speaking during the launch and handover of Continue Reading
Exxon Mobil wins three exploration blocks offshore Argentina
U.S. oil major Exxon Mobil Corp said on Tuesday its unit and an affiliate of Qatar Petroleum had won three exploration blocks offshore Argentina. The three blocks will add about Continue Reading
Venezuela’s Guaido to seek to annul $8.7 billion Conoco award
Venezuelan opposition leader Juan Guaido will seek to annul an $8.7 billion arbitration award to U.S. oil producer ConocoPhillips as he moves to preserve foreign assets, Guaido’s chief legal representative Continue Reading
China warns of soaring pork prices as virus curbs output
Chinese pork prices are set to jump 70 percent in the second half of the year, a senior official said on Wednesday, after data showed an outbreak of African swine Continue Reading
China Growth Beats Expectations Thanks to Humming Factories
China’s economic growth held to a 6.4% rate in the first three months of the year as factory production picked up significantly amid signs authorities worked forcefully to stabilize business Continue Reading
China’s Economy Stabilizes After Beijing Opens the Bank Vaults
China’s economy stabilized in the first three months of the year, according to official figures released on Wednesday, after Beijing flooded the financial system with money in a whatever-it-takes approach Continue Reading
Scientists Find Oil-Eating Superbacteria On Bottom Of The Ocean
Scientists from Ocean University in Qingdao, China and the University of East Anglia in Norwich, England have made an incredible discovery that could one day save the planet from the Continue Reading