Oil prices have surged more than 75% in the U.S. this month. But don’t expect a quick rebound in supply from shale explorers. The quick turnaround in oil markets is exposing the shale Continue Reading
Oil prices have climbed nearly uninterrupted since late April, but the gains could be coming to an end. On Friday, oil prices fell sharply, hitting the pause button on a Continue Reading
We who have been suggesting that a peak in world oil production was nigh almost from the beginning of this century looked like we might be right when oil prices Continue Reading
While this post updates Non-OPEC production to January 2020, we are now in late May and the direction for future production for the next few years is clear, LOWER than Continue Reading
Businesses in Iran, including those deemed “high risk,” should resume work Tuesday, the state-run Islamic Republic News Agency reported, citing the head of the Tehran Chamber of Trade Unions. The Continue Reading
The GNA’s militias and Turkish forces backed by Syrian refugee-mercenaries in Libya are no match for the combined firepower of General Haftar’s LNA, allied militias, and a host of powerful Continue Reading
Domestic flights will resume across India on Monday after a day of “hard negotiations”, the federal civil aviation minister said on Sunday, after some states sought to limit the number Continue Reading
A total of around 210,000 mt to arrive in five tankers Venezuela faces severe fuel shortages due to sanctions, coronavirus Gasoline exports help Iran ease domestic supply glut London — Continue Reading
The first of five Iranian tankers carrying fuel to Venezuela has moored at Venezuela’s El Palito refinery, Iran’s English-language Press TV reported on Monday. Iran is providing Venezuela with 1.53 Continue Reading
Chile’s healthcare system is under strain and “very close to the limit,” President Sebastian Pinera said on Sunday, as the number of confirmed novel coronavirus infections approaches 70,000 after a Continue Reading
