$1 Billion In Iranian Crude Is Stuck At This Chinese Oil Hub
It’s no secret that Beijing has chafed at American audacity to try and dictate whom Chinese refineries can and can’t buy oil from. And in the latest example of just Continue Reading
IMF Has Bad News For The Middle East And Oil Is To Blame
Heightened volatility in oil prices as well as political instability will combine to pressure economic growth in the Middle East, the International Monetary Fund warned in the latest edition of Continue Reading
The Militarization Of Libya’s Oil Industry
Haftar Could Theoretically Take Over Libya’s Oil Exports Without Tripoli As General Haftar continues his offensive designed to take control of Tripoli and oil revenues, he is using the National Continue Reading
US push to zero Iran oil exports may be more like 500,000 b/d: analysts
Highlights Months-long wind down of Iranian crude purchases expected US has given no indication of sanctions leeway Debt, equity trade might be permitted Washington — The Trump administration’s push to Continue Reading
Gambia Awards Disputed Offshore Oil Block To BP
The small West African country Gambia has awarded BP the exploration rights to drill for oil and gas in an offshore block which another company claims it has the rights Continue Reading
Nigeria: Dutch Court Rules Against Shell, in Favour of Wives of Slain Ogoni Leaders
A Dutch court on Wednesday ruled in favour of four Nigerian women who sued oil giant Shell. The women, including Esther Kiobel, sued Shell for its alleged role in the Continue Reading
Thousands begin protest against Venezuela’s Maduro, U.S. and Russia at odds
Thousands of marchers began street protests on Wednesday to try to force leftist Venezuelan President Nicolas Maduro from power as tension grew between Russia and the United States over the Continue Reading
Panama Canal reduces maximum authorized draft in Neopanamax locks | S&P Global Platts
The Panama Canal Authority has reduced the maximum authorized draft for vessels transiting the Neopanamax locks for the fifth time this year, following a serious drought that has reduced water Continue Reading
Vietnam’s Dung Quat refinery receives first US crude oil cargo
Vietnam’s 148,000 b/d Dung Quat refinery has received its first cargo of US crude oil, an official at refinery operator Binh Son Refining and Petrochemical said Wednesday. The Suezmax vessel Continue Reading
U.S. oil output decelerates in response to lower prices: Kemp
The second U.S. shale oil drilling boom has started to cool as a decline in oil prices since the end of the third quarter of 2018 filters through to lower Continue Reading