‘Climate Apartheid’ Is Looming, UN Warns
Because of relentless global warming, the world risks plunging into a ‘climate apartheid’—a scenario in which the rich will buy themselves out of the worst effects of climate change, while Continue Reading
Oil demand won’t peak until 2035
“At some point in the next 20 years, it’s likely we’re going to see oil demand peak. Our own view at Wood Mackenzie, is around 2035, 2036,” Wood Mackenzie chairman Continue Reading
Saudi Aramco can meet customer demand despite Gulf tension: CEO
SEOUL (Reuters) – Saudi Aramco can meet the oil needs of customers using its spare capacity despite developments in the Gulf that are a cause for concern, the head of Continue Reading
Trump Threatens Iran “Obliteration” As Rouhani Calls White House “Mentally Retar
In a cut above the usual barb-trading between Iran and the United States, President Trump threatened to meet any attack by Iran on “anything American” with “great and overwhelming force,” Continue Reading
The Last Truly Underdeveloped Oil Frontier In The Middle East
Over and above the petty party squabbling that characterises the politics of Iraq’s semi-autonomous northern region of Kurdistan, it can safely be conjectured that at least two groups of people Continue Reading
Aramco Can Keep Crude Flowing if Hormuz Hit
Saudi Arabian Oil Co. has the experience and infrastructure it needs to keep crude flowing should supply through the Strait of Hormuz be disrupted, according to the chief executive officer Continue Reading
Nigeria: ‘264.9 Million Barrels of Oil Deferred From Nigeria’s Oil Fields’
The Department of Petroleum Resources (DPR) has said that in 2017, a total of 264,938,662 barrels of crude oil were stopped from getting out of oil fields in the country Continue Reading
Pemex production decline continues despite government stimulus, output targets
Mexico’s state-owned producer Pemex reported a continued decline in its crude oil production last month, which was partially offset by a modest uptick in condensates, natural gas liquids and gas Continue Reading
China’s Risky Move To Boost Domestic Oil Production
China’s unprecedented economic development since Deng Xiaoping’s “Open Door Policy” , has transformed the Asian country into the second largest economy of the world. The booming economy has had the Continue Reading
Russia leads as top crude supplier to China, overtakes Saudi
Russia became the largest crude oil supplier to China in May, supported by robust demand from private refiners and alongside a fall in supplies from Iran. Imports from Russia came Continue Reading