Iraq Set To Fall Short Of Ambitious OPEC+ Targets
Iraq produced more than 650,000 barrels per day (bpd) above its target output level in May and is now being asked to make up for its non-compliance in future months Continue Reading
Analysis: Saudi Arabia’s restricted pilgrimage season in 2020 may hit jet fuel demand
Saudi Arabia’s plans to restrict the number of pilgrims during the annual Hajj pilgrimage to a few thousand will likely dent jet fuel demand in the Arab world’s biggest economy, Continue Reading
Nigeria: As Oil Pollution Continues…
Government is not sincere about the much-touted clean-up of Ogoni land and beyond. The recent statement by the National Oil Spill Detection and Response Agency (NOSDRA) Director-General, Idris Musa that an Continue Reading
India Confident Fuel Demand Will Return To Normal By September
Fuel demand in India, the world’s third-largest oil importer and third-largest oil consumer, is set to rebound to pre-crisis levels by the end of September, Indian Oil Minister Dharmendra Pradhan Continue Reading
Analysis: Pakistan’s low oil product inventory set to spur imports in Jul-Aug
Pakistan’s oil marketing companies are likely to import more spot barrels of motor fuels soon as the recovery in domestic demand amid low refinery run rates threatens to draw down Continue Reading
Colombia Is An Overlooked Victim Of The Oil Price War
The considerable optimism surrounding oil at the end of 2019, when Brent was trading at $68 a barrel has turned sour. The demand shock triggered by the coronavirus and subsequent Continue Reading
Argentina economic activity plunges record 26.4% in April amid pandemic
Argentina’s economic activity plunged 26.4% in April, the country’s official statistics agency said on Monday, the worst monthly fall on record as the country reeled from the impact of the Continue Reading
Chinese Oil Major Strikes It Big In South China Sea
The listed arm of China National Offshore Oil Corporation (CNOOC) said on Monday that it had made a significant discovery of oil and natural gas in the eastern part of Continue Reading
China study warns of possible new ‘pandemic virus’ from pigs
A new flu virus found in Chinese pigs has become more infectious to humans and needs to be watched closely in case it becomes a potential “pandemic virus”, a study Continue Reading
Samsung Heavy, Bloom Energy Partner to Develop Zero-Emissions Cargo Vessels
Samsung Heavy Industries Co. and Bloom Energy have announced an agreement to develop cleaner power for ships by jointly designing fuel cell-powered vessels that will reduce carbon emissions and help Continue Reading