The Bearish Threat Within OPEC
After a prolonged oil price plunge, pushing price levels down to around $59 Brent per barrel, signs are showing that the market believes the downward trend has overshot its target. Continue Reading
Saudi’s Falih: only Russia is still undecided on OPEC deal extension – TASS
Saudi Energy Minister Khalid al-Falih said Russia was the only remaining oil exporter still undecided on the need to extend the global output deal between OPEC and its allies until Continue Reading
Saudi business feels ‘pain’ of the crown prince’s reforms
Among a network of alleyways and cobbled streets in Jeddah’s old town more than 20 stores are firmly shuttered, “for rent” signs plastered on large wooden doors. Traders in adjacent Continue Reading
Somalia: Defiant Somalia Puts Contested Oil Block Territory Up for Auction
The diplomatic spat between Kenya and Somalia was poised to take a turn for the worse after leaked Somalia government documents showed that Mogadishu had put on auction offshore oil Continue Reading
Nigeria: Saboteurs, Theft Account for Increased Oil Spills in Nigeria – Shell
Royal Dutch Shell, the parent body of Shell Nigeria Exploration and Production Company Limited (SNEPCo), has attributed the persistent oil pipeline spillage in the Niger Delta region of the country Continue Reading
Nigeria: Delta Community, Chevron Tackle Escalating Oil Well Fire
Facts emerged yesterday that the April 18, 2019 oil well fire on Chevron Nigeria Limited (CNL)’s Ojumole Well 1 in Polobubo (Tsekelewu) community in Warri North Council, Delta State, is Continue Reading
Childhood, disrupted: Venezuela is in danger of losing a generation
To be a child in Venezuela today is dangerous. Here in the capital on any given afternoon, emaciated teens pick through rotting garbage for food. Children have been abandoned to Continue Reading
Jailed Citgo Oil Executives Ordered to Stand Trial in Venezuela
In this Feb. 15, 2019, file photo, Sergio Cardenas holds a picture of himself with his father Gustavo as he sits on the lap of his mother Maria Elena Cardenas, Continue Reading
US Treasury Department Tightens Sanctions on Venezuela Oil Sector
Amuay refining complex in Falcon State. (Wikimedia Commons) Caracas, June 7, 2019 ( venezuelanalysis.com ) – The US Treasury Department has announced a hardening of measures against Venezuela’s oil industry. Continue Reading
China exports grow despite U.S. tariffs, but import slump most in nearly three years
China’s exports unexpectedly returned to growth in May despite higher U.S. tariffs, but imports fell the most in nearly three years in a further sign of weak domestic demand that Continue Reading