Rockets hit multiple Basra oil sites
Katyusha rockets struck two oil sites in Basra on Wednesday, raising fears that tensions between the U.S. and Iran could destabilize Iraq’s oil sector. While nobody has claimed responsibility for Continue Reading
US presses other countries to police Strait of Hormuz
The Trump administration Tuesday pressed other countries to step up their efforts to protect navigation through the Strait of Hormuz, while also downplaying the market impact of recent attacks on Continue Reading
Saudi Plant Struck by Missile, Apparently From Yemen
“The President has been briefed on the reports of a missile strike in the Kingdom of Saudi Arabia,” White House press secretary Sarah Sanders said in a statement late Wednesday. Continue Reading
Iraqi Basrah crude prices plummet on fading Chinese demand
Premiums for Iraq’s Basrah Heavy crude grade fell sharply this month as Chinese demand for the grade dimmed on lower refinery run rates, traders said on Thursday. A spot tender Continue Reading
Zimbabwe: Charging of Fuel in Us Dollars Riles Motorists
Motorists here have expressed concern over service stations which are charging for fuel in US dollars only despite a directive from Government that they should accept all forms of payment. Continue Reading
Nigeria Daily Oil Production Hits 2.3 Million Barrels Per Day – NNPC GMD
The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, says the country’s daily oil production is currently 2.32million barrel per day. Mr Baru disclosed this on Tuesday when Continue Reading
Parts of southern India facing acute water shortages
Millions of people are turning to water tank trucks in the southern Indian state of Tamil Nadu as house and hotel taps run dry in an acute water shortage caused Continue Reading
India Picks New Site For $44B Aramco-ADNOC Mega Refinery
The Indian state of Maharashtra has identified a new location where India, in partnership with the state oil companies of Saudi Arabia and the UAE, plans to build a giant Continue Reading
Analysis: India’s growing affinity for US crude may trigger more term deals
India is witnessing a dramatic surge in US crude inflows and volumes could rise further as refiners look to seal long-term and spot deals to ensure steady supplies and cushion Continue Reading
Mexico’s Pemex says new refinery environmentally viable despite risks – Reuters
Mexican President Andres Manuel Lopez Obrador’s push to build a new oil refinery involves high risks of flooding and other environmental issues, according to government documents published late on Tuesday, Continue Reading