Qatar Petroleum signed an agreement with U.S. oil major Chevron on Monday to develop a new petrochemicals complex at Ras Laffan Industrial City. Chevron will own a 30% stake in Continue Reading
Despite frequent oil field outages and now an open conflict between the UN-recognized government and the eastern-affiliated LNA, Libya’s oil production could double to 2 million bpd by 2023, IHS Continue Reading
Yemen’s Houthi movement launched an attack on Abha civilian airport in southern Saudi Arabia on Sunday that killed one person and wounded seven others, the Saudi-led coalition battling the group Continue Reading
Five underwater pipelines have been damaged and put out of order after a sabotage attack off the coastal town of Banias, Syria’s oil ministry said Sunday. The damage was discovered Continue Reading
The fuel supply gap in the country is growing as PdV has failed to replace refined products previously imported from the US Venezuela’s severe motor fuel deficit is starting to Continue Reading
Venezuela’s oil production fell to a new low last month, as economic crisis and sanctions continue to strangle the industry. Venezuela’s output fell by 35,000 bpd in May, plunging to Continue Reading
Mexican President Andrés Manuel López Obrador has been a vocal critic of the energy reform of his predecessor Enrique Peña Nieto, who opened in 2013 Mexico’s oil and gas sector Continue Reading
The alkylation unit involved in a massive fire on Friday at Philadelphia Energy Solutions Inc’s oil refinery has been completely destroyed, which will hamper the supply of gasoline from the Continue Reading
New tight oil estimates were recently released by the EIA. The chart below compares estimates from Dec 2018 to May 2019, where the Dec 2018 estimate is that estimate with Continue Reading
For the European Central Bank, a softening job market might also kill off its already distant hopes of lifting inflation to its target of just below 2%. And for the Continue Reading
