How Iran Was Swindled Out Of $3.2 Trillion
Underlying the one-year anniversary in mid-August of the signing of the ‘Convention on the Legal Status of the Caspian Sea’ is one of the greatest oil industry swindles in recent Continue Reading
Libya’s NOC Warns Army Is Inside Key Crude Terminal
Libya’s internationally recognized National Oil Corporation (NOC) said on Thursday that it is concerned about an increased military presence inside one of the country’s key oil terminals, Ras Lanuf, warning Continue Reading
Nigeria: Oil Pipeline Vandalism Affecting Investment, Says Shell
Citing the danger of continuous sabotage to people and environment, and attendant loss of revenue, Shell Nigeria has called for stakeholders’ support to curb the incessant vandalism of crude oil Continue Reading
India Heat Wave, Soaring Up to 123 Degrees, Has Killed at Least 36
One of India’s longest and most intense heat waves in decades, with temperatures reaching 123 degrees, has claimed at least 36 lives since it began in May, and the government Continue Reading
America’s Most Important Natural Gas Export Market
Recently the Trump Administration announced plans to impose a 5 percent tax on all goods imported from Mexico unless “the illegal migration crisis is alleviated.” These tariffs would potentially rise Continue Reading
Mexico to cancel October auctions for Pemex joint ventures
Mexico’s oil regulator plans to announce the cancellation of auctions scheduled for October to pick joint venture partners for state-run energy company Pemex in seven onshore areas, two sources close Continue Reading
China says won’t yield to any U.S. pressure over trade
China’s commerce ministry said on Thursday Beijing will not yield to any “maximum pressure” from Washington, and any attempt by the United States to force China into accepting a trade Continue Reading
Sinopec to substitute Iran crude with Saudi grades: exec
China’s Sinopec plans to substitute Iranian crude with that of grades from Saudi Arabia and other origins in the Persian Gulf, even as scope of more purchases from the US Continue Reading
Trump Could Retaliate if Xi Balks at Trade Meeting, Kudlow Says
The remarks followed comments by Mr. Trump on Monday. “We are expected to meet. If we do, that’s fine and if we don’t, that’s fine,” Mr. Trump said on CNBC. Continue Reading
China’s Trade Frontman Points, With Laser, to Bright Side of U.S. Tensions
During his presentation at Shanghai’s Lujiazui Forum, the 67-year-old technocrat didn’t refer directly to the U.S. or the trade talks that he has led. His arguments about China’s economic wherewithal Continue Reading