An armed group attempted to break into the Tripoli headquarters of Libya’s National Oil Corporation on Nov. 23 as the state-owned company finds itself in a dispute over oil revenues Continue Reading
Iraq, OPEC’s second-largest oil producer, has nearly reached its limit in accepting the OPEC model of “one size fits all” in terms of output cuts without taking into account members’ Continue Reading
Iraq is seeking an upfront payment of about $2 billion in exchange for a long-term crude-supply contract, the latest sign of Baghdad’s growing desperation for cash as its economy unravels. The Continue Reading
The initial public offering (IPO) of Saudi Aramco that was heralded by Crown Prince Mohammed bin Salman (MbS) as being a showcase flotation for raising massive new capital for the Continue Reading
After weeks of speculation over how the new Biden Administration will approach U.S. relations in the Arab Gulf, the first real hurdles for a new JCPOA Iran agreement are already Continue Reading
Iraq’s proposal to offer crude buyers a five-year contract to supply 4 million barrels/month that is partially pre-paid has garnered interest from several Asian oil companies, a source familiar with Continue Reading
Nigeria has this past week indicated its gradual departure from over-dependence on oil sales in a new plan that banks on five major sectors of the economy. According to the Continue Reading
Highlights Pemex must evaluate potential of fields thoroughly Company may have to recognize fewer reserves Mexico City — Mexico’s state Pemex should avoid moving to production without properly evaluating the Continue Reading
Earlier this month, Royal Dutch Shell Plc pulled the plug on its Convent refinery in Louisiana. Unlike many oil refineries shut in recent years, Convent was far from obsolete: it’s fairly Continue Reading
A string of defaults by Chinese state-owned companies has sent shockwaves across the world’s second-largest credit market. But some bonds have fared much worse than others as investors clamber to avoid Continue Reading
