Saudi Aramco bets on oil supply to Europe, trading expansion
Saudi Aramco aims to boost its oil supply to Europe by 300,000 barrels per day (bpd) within the next two years as it expands its trading operations there with an Continue Reading
Saudi Arabia shuts oil pipeline after attack in latest sign of rising Middle East tensions
Highlights Houthis claim drone attack on pipeline East-West line pumps around 2 million b/d Tensions rising over Iran sanctions Tensions over threats to oil flows from the Middle East escalated Continue Reading
Iran Accuses U.S. of Framing It for Tanker Sabotage to Provoke Conflict
Attacks on oil tankers and facilities in the Persian Gulf set the Middle East on edge, as Iranian officials on Tuesday accused officials in the Trump administration of trying to Continue Reading
Iranian Official: Europe Can Still Buy Iran’s Oil
European firms can still buy oil from Iran as some companies don’t have interests in the United States and aren’t concerned about the U.S. sanctions on Tehran, former Iranian foreign Continue Reading
U.S. Orders Partial Evacuation of Embassy in Baghdad
The State Department ordered a partial evacuation of the United States Embassy in Baghdad on Wednesday, responding to what the Trump administration said was a threat linked to Iran, one Continue Reading
Eni Strikes More Oil In Angola’s Deep Offshore
Italy’s oil and gas major Eni said on Tuesday that it had made a new discovery in Angola’s deep offshore estimated to contain up to 250 million barrels of light Continue Reading
Nigeria: Shell’s ‘All On’ Advises Nigeria to Heavily Tax Petrol, Diesel Generators
All On, which is a seeded company of Shell, has advised Nigeria to initiate and implement a graduated and weighty tax system on the production, assemblage and importation of power Continue Reading
Analysis: Policy vacuum ahead of polls clouds India’s oil demand growth
India’s oil demand growth has slowed to a trickle on the back of sluggish sale of transport fuels, as consumers defer vehicle purchases until clarity on new taxes and policies Continue Reading
Mexico’s rising oil nationalism faces debt-rating crisis
Mexican President Andres Manuel Lopez Obrador took office in December vowing to revive state-owned energy company Pemex and put the brakes on foreign investment to give the public a bigger Continue Reading
Mexico Approves Stimulus Measure To Boost Oil Production By Up To 400,000 Bpd
The Mexican government has approved a fiscal stimulus measure that could see Pemex raise oil production by as much as 400,000 bpd, S&P Global Platts reports , quoting the country’s Continue Reading