Saudi Arabia Strikes Back At Russia In Key Oil Market
The world’s top oil exporter Saudi Arabia is going after Russia’s oil market share in Europe with deeply discounted Arab Light crude at up to three times the usual volumes, Continue Reading
Iranians devastated by prospect of new year under quarantine As coronavirus strikes, people prepa
The run-up to Persian new year should be one of the busiest periods for shopkeepers in the vaulted streets of Tehran’s grand bazaar, the centre of commerce in the Iranian Continue Reading
Algerian protest movement faces new threat: coronavirus
Algerians are watching to see whether a global epidemic will do what the ruling authorities they describe as le pouvoir – the powers that be – have failed to achieve, Continue Reading
Xi Ordered China’s Oil Industry to Drill, Then the Crash Came
Oil’s historic price crash is presenting an uncomfortable dilemma to China’s energy majors: follow market signals to cut drilling, or heed President Xi Jinping’s orders to boost output. While China’s main Continue Reading
China’s coronavirus epicenter of Wuhan sees single-digit new cases for second day
China’s Wuhan city, ground zero of the new coronavirus outbreak, reported five new cases on Friday, the second day in a row the tally has been less than 10, while Continue Reading
Top China Oil Trader Is Looking to Back Out of Some Crude Deals
China’s top oil trader is trying to get out of loading some cargoes from the Middle East next month in the latest twist to the drama engulfing global crude markets. Unipec, Continue Reading
Sinopec lifts Mar throughput by 473,000 b/d on month to store cheap crudes
Refineries along the coast lift crude runs Sinopec cuts oil product outsourcing from independent refineries China’s Sinopec has gradually lifted its throughput by more than 2 million mt, or 473,000 Continue Reading
Exclusive: Sinclair Oil weighs offers for company sale: sources
Sinclair Oil Corp, which operates two Wyoming refineries and has licensed more than 1,000 branded gasoline stations, is reviewing offers to buy the company, according to three people familiar with Continue Reading
Canadian firm starts US prep work for Keystone XL pipeline
A Canadian company said Wednesday it has started preliminary work along the route of the proposed Keystone XL oil sands pipeline through the U.S. in anticipation of starting construction next Continue Reading
The U.S. Is Ramping Up Its Wind Power Production
We already know that in order to meet the international greenhouse emissions standards set by the Paris climate agreement, we are going to have to do a lot more to Continue Reading