How climate change is sinking an Indian island. Scientists believe that global sea levels could rise far more than predicted, due to accelerating melting in Greenland and Antarctica. The long-held Continue Reading
OPEC+ is considering increasing production in the second half of 2019, as the oil market tightens following a series of major outages. OPEC+ met in Jeddah over the weekend to Continue Reading
OPEC and its partners may decide to keep the oil production cuts until the end of the year as the cartel fears a steep price drop if cuts were to Continue Reading
The Houthi rebels in Yemen said over the weekend that last week’s attack on an Aramco oil pipeline in Saudi Arabia was the start of military operations against some 300 Continue Reading
Supply risks abound from Iran to Venezuela to Libya and the peak summer oil demand season is just around the corner, but Saudi energy minister Khalid al-Falih still sees a Continue Reading
Highlights Saudi Arabia to hold production steady in May, June Crude burn set to increase to 491,000 b/d in July, on A/C use Iraq, Kuwait also will consume more crude Continue Reading
Iranian officials said Monday that within weeks they could exceed an internationally agreed cap on their stockpile of low-enriched uranium, as tensions between Iran and the U.S. escalated. Iran threatened Continue Reading
“Unacceptable and unjustified” are the words Iraqi Oil Minister Thamer Ghadhban used to describe ExxonMobil’s hasty exit from the troubled country, according to Reuters , but a late-night rocket strike Continue Reading
Venezuelans are having their fuel rationed with the rationing overseen by the military, Reuters reported on Sunday as fuel shortages begin to bite deeper. As local crude oil production continues Continue Reading
If China follows through on its retaliatory threat of raising U.S. liquefied natural gas (LNG) tariffs from 10 to 25 percent, U.S. exports will be hit hard — but another Continue Reading
