Light Sweet Crude Oil Is Taking Over The Market
The popularity of light sweet crude oil among refiners is growing at a solid clip. The ongoing push to combat climate change and ever stricter regulations over fuel emissions is Continue Reading
Which countries are responsible for all that ocean plastic?
China and Japan are among the “ many, many countries ” flooding U.S. beaches with plastic waste. At least, that’s what President Trump said in late 2018 as he signed Continue Reading
OPEC and Russia study deeper oil cuts: two sources
The Organization of the Petroleum Exporting Countries and Russia are considering deeper oil output cuts early next year to try to strengthen the oil market, one OPEC source and one Continue Reading
OPEC’s Oil Revenues Set To Plunge To 18-Year Low
The low oil prices and the record OPEC+ production cuts are set to nearly halve the net oil export revenues of OPEC members this year compared to 2019, sending them Continue Reading
OPEC+ may consider deeper oil cuts if coronavirus lockdowns squeeze global economy: sources
Cloudy global economic prospects, along with a recent slide in oil prices, could prompt OPEC and its allies to ratchet back their production cuts to historic levels, sources told S&P Continue Reading
Rise In COVID Cases May Force OPEC To Do The Unthinkable
With the most recent round of coronavirus-inspired lockdowns in various parts of the world, OPEC may face its biggest challenge yet: cutting even more production . Would the cartel and Continue Reading
Saudi Aramco Oil News: Aramco Sees Third-Quarter Profit Fall 45% From 2019
Saudi Aramco left its third-quarter dividend unchanged at $18.75 billion even as it failed to generate enough cash to cover the payout and reported a 45% drop in profit. The world’s Continue Reading
Iraq Boosted Oil Exports In October Despite OPEC+ Quota
Iraq exported an average of 2.876 million bpd last month, up by more than 200,000 bpd from September, data from the oil ministry showed, as quoted by Iraq Business News. Continue Reading
Qatar Bases Budget On $40 Oil To Withstand Volatility
Oil and gas producer Qatar will base its budget on an oil price of $40 a barrel—lower than the actual expected price—in order to protect its finances from volatility in Continue Reading
Export increase gives Iraq more oil revenues despite price drop
Iraq’s nationwide oil exports were an average 3.277 million barrels per day (bpd) in October, the highest volumes since May this year and an increase from 3.049 million bpd in Continue Reading