Can Iraq rebuild its economy?
Iraq is looking to strengthen its economy after decades of war, sanctions, sectarian division and the rise of the Islamic State of Iraq and the Levant ( ISIL or ISIS). Continue Reading
The Battle For Control Over Iraq’s Oil
Iraq regards the U.S.’s refusal to extend waivers for countries importing oil from Iran as a tacit endorsement for it to pump its own oil to the maximum. This dovetails Continue Reading
Angola: Sonangol Reshuffle Puts Anti-Graft Campaign Into The Spotlight
The head of state energy giant Sonangol is replaced just as the company plans extensive asset divestments. There is ample precedent indicating that Angola?s new ruling elite is seeking to Continue Reading
India Not Rushing To Buy Extra Saudi Oil To Offset Lost Iranian Supply
Just one Indian refiner has agreed to buy additional crude oil supply from Saudi Arabia to compensate for the loss of Iranian barrels, as India’s firms have been looking for Continue Reading
Guaido Seeks U.S. Military Help To Overthrow Maduro
Juan Guaido, the leader of the Venezuelan opposition, has instructed his envoy to the United States Carlos Vecchio to start talks with the U.S. military for help in overthrowing the Continue Reading
Pemex Secures $8B Loan to Avoid Junk Status
Mexico moved to bolster investor confidence in its embattled state oil company, announcing an unprecedented $8 billion syndicated loan along with new tax breaks for the energy producer. Petroleos Mexicanos Continue Reading
Doomed From The Start: Mexico’s Oil Refinery To See Cost Overruns
Mexico’s newest oil refinery project is set to exceed the planned budget—and in a big way—according to Moody’s cited by Reuters. The massive undertaking—by Mexico itself, no less—will most likely Continue Reading
U.S. prepares to slap tariffs on remaining Chinese imports, which could add levies on roughly $300 billion in additional goods
The United States and China traded blows on Monday in the latest escalation of their tariff war, unnerving Wall Street and threatening to draw American consumers into the fray for Continue Reading
Trump plans to meet Xi after China hits U.S. with new tariffs
U.S. President Donald Trump said on Monday he would meet with Chinese President Xi Jinping next month and that he expected their discussions would be “very fruitful,” as the trade Continue Reading
U.S. liquefied natural gas shipments to China face mounting tariffs
China said on Monday it would raise tariffs on liquefied natural gas (LNG) imports from the United States amid a series of additional levies, a move that could further reduce Continue Reading