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Month: November 2020

Category:
  • OPEC

OPEC+ ministers to begin talks in earnest on extending oil cuts into 2021

Key oil ministers from OPEC and its allies will hold critical talks Nov. 17 on 2021 production quotas, steered towards an extension of current output cuts through March or June Continue Reading

Posted On : 17 Nov 2020 Published By : Tom Whipple
Category:
  • OPEC

OPEC+ Panel Suggests Delaying Output Hike by Three to Six Months

The OPEC+ oil alliance should consider delaying its planned output boost by between three and six months, a technical panel that advises ministers suggested. The coalition — led by Saudi Continue Reading

Posted On : 17 Nov 2020 Published By : Tom Whipple
Category:
  • Syria

Wheat and fuel shortages overwhelm Syria

Dr Khaled was queueing for petrol when he got an urgent call –   a patient was bleeding from an artery. Normally, he would drive straight to his hospital in Damascus Continue Reading

Posted On : 17 Nov 2020 Published By : Tom Whipple
Category:
  • Iraq

Approval of Iraqi budget allows for possible rice, wheat tenders

Highlights Government passes deficit budget, including provisions for rice, wheat Rice, wheat tenders not held since protests began in October 2019 US rice industry had expected private MoU negotiations New Continue Reading

Posted On : 17 Nov 2020 Published By : Tom Whipple
Category:
  • Refining

Libya’s output surge readily absorbed by refiners in sign of strong oil demand: traders

Refiners have quickly snapped up the faster-than-expected 1 million b/d rise in Libyan crude production with scant effect on market structure, indicating firm demand, two top oil traders said Nov. Continue Reading

Posted On : 17 Nov 2020 Published By : Tom Whipple
Category:
  • Iran
  • USA

Trump asked for options for attacking Iran last week, but held off: source

President Donald Trump, with two months left in office, last week asked for options on attacking Iran’s main nuclear site, but ultimately decided against taking the dramatic step, a U.S. Continue Reading

Posted On : 17 Nov 2020 Published By : Tom Whipple
Category:
  • Iran
  • USA

Trump Sought Options for Attacking Iran to Stop Its Growing Nuclear Program

President Trump asked senior advisers in an Oval Office meeting on Thursday whether he had options to take action against Iran’s main nuclear site in the coming weeks. The meeting Continue Reading

Posted On : 17 Nov 2020 Published By : Tom Whipple
Category:
  • Saudi Arabia

World’s Biggest Oil Firm Saudi Aramco Kicks Off Bond Sale

Saudi Aramco kicked off a jumbo bond sale Tuesday to help fund a $75 billion dividend, returning to the debt markets for the first time since April of last year. The Continue Reading

Posted On : 17 Nov 2020 Published By : Tom Whipple
Category:
  • Middle East
  • USA

What Biden’s Victory Means For Middle East Oil

Whilst new U.S. President-elect, Joe Biden, will almost certainly focus on dealing with the tail of the COVID-19 pandemic and repairing the economic damage to the U.S. that it has Continue Reading

Posted On : 17 Nov 2020 Published By : Tom Whipple
Category:
  • Climate
  • Nicaragua

Strongest Storm of Hurricane Season Strikes Central America

Hurricane Iota slammed into Central America late Monday with ferocious winds and rain, threatening to cripple a region already reeling from a deadly storm two weeks ago. Iota, the most powerful Continue Reading

Posted On : 17 Nov 2020 Published By : Tom Whipple

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