In heat-struck Iraq, power shortages prompt protests
In Iraq’s oil-rich south, the scorching summer months pose painful new choices in the age of the coronavirus: stay at home in the sweltering heat with electricity cut off for Continue Reading
Record heat, politics inflame Iraq’s electricity shortages
Laith Jabbar, a gas station worker drinks water in Basra, Iraq, on Monday, July. 27, 2020. As temperatures soar to record levels this summer, Iraq’s power supply falls short of Continue Reading
Iraq to Be ‘Forced’ to 100% OPEC+ Compliance, Oil Minister Says
Iraq will be forced into 100% compliance with the OPEC+ deal in August and September as the producer group loses patience with the laggard, the country’s oil minister said on Continue Reading
After nearly 20 years, India’s oil demand seen slipping into the red
Hopes that India’s oil demand will recover in the second half of the year is fading fast as some provinces implement partial lockdowns to battle the COVID-19 pandemic, prompting refiners Continue Reading
Argentina Scrambles To Salvage Its Shale Boom
Only two years ago analysts were hailing Argentina’s emerging shale oil boom, which many believed would be the next major petroleum frontier in Latin America. The vast Vaca Muerta, or Continue Reading
Venezuela’s Rig Count Officially Falls To Zero
Venezuela no longer has any operational oil rigs after the last oilfield services firm that was still drilling for oil in the country holding the world’s largest crude oil reserves Continue Reading
Mexican President May Change Constitution To Strengthen Control Of State-Owned O
The Mexican government may need to effect changes in the country’s constitution to strengthen its control of state oil giant Pemex, President Andres Manuel Lopez Obrador said in a memo Continue Reading
China’s Crude Oil Imports Drop From Record Highs
China’s crude oil imports are estimated to have dropped in July by 3 percent from June, but they were still much higher than the import volumes in July 2019, data Continue Reading
Battle Over Gas Project May Shape Australia’s Energy Future
A key battle over the future of fossil fuels and climate change will soon be decided in a sleepy corner of Australia. After a decade-long struggle pitting a mix of farmers, Continue Reading
Toyota’s profit plunges as pandemic halves vehicle sales
Toyota’s profit plunged 74% in the last quarter as the coronavirus pandemic sank vehicle sales to about half of what the top Japanese automaker sold the previous year. Toyota Motor Continue Reading