In April, the head of the WFP warned of devastating famines in dozens of countries due to the ramifications of COVID-19. World leaders responded with funds and stimulus packages and Continue Reading
OPEC and its allies will keep the oil market guessing for a few weeks on whether they will maintain their deep production cuts into 2021, as traders largely expect and Continue Reading
Crude futures were little changed Nov. 17 after the OPEC+ Joint Ministerial Monitoring Committee failed to offer insight as to whether the group would extend its current output quotas into Continue Reading
Despite its huge oil resources, Iraq’s practical readiness to hit its 7 million barrels per day (bpf) oil production target (by 2025) came into question again last week, with statements Continue Reading
Iraq’s state oil marketer has tweaked the crude assays of its key export grades for next year, which include a new medium sour crude known as Basrah Medium, according to Continue Reading
The UAE achieved 126% compliance with its OPEC+ quota in October, the energy ministry said late Nov. 17, as OPEC’s third-largest producer sought to compensate for overproduction in August. The Continue Reading
Medical experts have warned that the toxic pollution that envelops New Delhi annually will lead to more coronavirus deaths. By 7am in mid-November, the air in New Delhi smells of acrid Continue Reading
India’s oil and gas companies should consider selling stakes in their exploration acreage to foreign companies with the technology to tap more oil and gas resources, India’s Oil Minister Dharmendra Continue Reading
The US Treasury said Nov. 17 that Chevron and top oilfield services firms can remain in Venezuela until June, extending a wind-down deadline that was set to expire on Dec. Continue Reading
After a series of major oil discoveries offshore Guyana, ExxonMobil and partners found that the deepest well drilled so far offshore the Latin American country did not have commercial potential Continue Reading
