American Airstrikes Rally Iraqis Against U.S.
Associated Press Iraq has been caught for years in a tug of war between its two most powerful patrons, the United States and Iran. In recent months, public opinion began Continue Reading
Iran Looks To Boost Offshore Oil Production By 85,000 Bpd
The Iranian Offshore Oil Company (IOOC) is currently implementing US$2.6 billion worth of projects expected to boost Iran’s offshore oil production by 85,000 barrels per day (bpd), Iranian media reported Continue Reading
Political vacuum could upend key Oil Ministry plans
A project to double the Nassiriya field’s production capacity is tied to a federal budget likely strangled by political fighting. Flares burn at the Nassiriya oil field on May 7, Continue Reading
White House adviser says China trade deal signing expected soon
The White House’s trade adviser on Monday said the U.S.-China Phase 1 trade deal would likely be signed in the next week, but said confirmation would come from President Donald Continue Reading
Beijing likely to allow independent refiners to export oil products in 2020
China’s Ministry of Commerce is expected to award the independent refining sector with oil products export quotas next year as Beijing steps up efforts to support private companies to play Continue Reading
Thousands trapped on Australian beaches by dangerous bushfires
Thousands swarmed to beaches on Australia’s east coast on Tuesday to escape fierce wildfires bearing down on several seaside towns, as the government readied naval vessels and military helicopters to Continue Reading
What’s Behind Big Oil’s Promises of Emissions Cuts? Lots of Wiggle Room.
The oil and gas industry seems to have entered a state of cognitive dissonance. Like never before, energy companies are publicly acknowledging the threat posed by climate change and the Continue Reading
Bigger oil looks set to have its day in US shale
The shale energy revolution was not a feat of Big Oil. Independent exploration and production companies run by little-known executives fracked their way to a stunning rise in US oil Continue Reading
Why Is Warren Buffett Ditching His Coal Plants?
Warren Buffett, probably the world’s most successful investor, a man noted for the conservatism of his investment policy and aversion to high tech, wants out of coal? Buffett’s Berkshire Hathaway Continue Reading
US Returns to Being a Net Oil Exporter
Two factors could directly affect the future level of US crude exports. Thanks to the shale oil revolution, for the first time since the 1940s, the United States exported more Continue Reading