Growing U.S. pressure on Iran has weakened pragmatic President Hassan Rouhani and made his hardline rivals more assertive at home and abroad, recent developments show. When he succeeded firebrand leader Continue Reading
Saudi Arabia’s state oil giant Aramco says that it doesn’t believe all the ‘peak oil demand hype’ and expects that its crude oil will be in high demand for decades Continue Reading
OPEC de facto leader and the world’s largest crude oil exporter Saudi Arabia is still trying to pivot away from over-reliance on crude oil export revenue. But, to achieve this Continue Reading
Venezuela’s crucial oil upgraders have stopped processing heavy crude because a decline in exports due to U.S. sanctions has left the OPEC nation without sufficient storage space, seven sources familiar Continue Reading
The Department of Homeland Security said it was suspending all commercial passenger and cargo flights between the U.S. and Venezuela, citing safety concerns stemming from political instability in the South Continue Reading
The President of Angola Joao Lourenço has fired Sonangol CEO Carlos Saturnino, as well as the whole board of directors. Now there are several things which seem wrong at first Continue Reading
Venezuela’s oil production held up last month, but appears to be falling off a cliff once again. Output in Venezuela rebounded a bit in April, following the horrific electricity blackouts Continue Reading
China is running out of options to hit back at the United States without hurting its own interests, as Washington intensifies pressure on Beijing to correct trade imbalances in a Continue Reading
Chinese refineries returned to record-high processing rates last month driven by the so-called teapots, which added a substantial amount of new refining capacity. According to Reuters , the average daily Continue Reading
The escalation of the trade war between the US and China could jeopardize several LNG mega projects that are awaiting final approval, according to Rystad Energy. China announced on Monday Continue Reading
