Saudi Arabia has received several “moderate” requests to replace Iranian oil next month, Bloomberg reports , citing an anonymous source familiar with Riyadh’s oil plans. The report comes on the Continue Reading
Saudi Arabia Deputy Crown Prince Mohammed bin Salman (Nicolas Asfouri – Pool/Getty Images) Saudi Arabia has come to the rescue for India as Iranian oil shipments have come to an Continue Reading
Iran’s oil exports are plunging. Waivers on U.S. sanctions for Iranian oil purchases expired earlier this month, and there is evidence that most countries are steering clear of running afoul Continue Reading
With its legal oil export avenues cut off by the end of all U.S. sanction waivers for its crude oil buyers, Iran has recently resumed illicit shipping of oil to Continue Reading
Highlights Currency crunch sparks fuel crisis Crude output continues to slump London — Angolan president Joao Lourenco began a major shake-up at state-owned Sonangol Thursday, dismissing Carlos Saturnino as chairman Continue Reading
Two Venezuelan lawmakers sought refuge at foreign embassies in Caracas on Thursday, as the government of President Nicolas Maduro cracked down on allies of opposition leader Juan Guaido who supported Continue Reading
President Andrés Manuel López Obrador said state oil company Petróleos Mexicanos would build an oil refinery after bids by private companies came in above his government’s $8 billion budget. The Continue Reading
The Movement for the Survival of the Ogoni People (MOSOP) said it had uncovered plans by the Nigerian government to commence oil drilling in Ogoniland using security agencies and criminally Continue Reading
Notwithstanding its increased production output of 1.95 million barrels daily (mbd) for April, according to the latest S&P Global Platts survey, Nigeria’s output remains below the 2019 budget benchmark of Continue Reading
China continues to set records in numerous sectors, but there are some records better left alone, including drawing near to becoming the all-time global crude oil imports leader. The country Continue Reading
