Crude cratered the most in six weeks as a new strain of the coronavirus in the U.K. is threatening additional lockdown measures across Europe and reducing global travel routes. Both Continue Reading
The oil market has rallied almost 40% in the last two months, pushing benchmarks to nine-month highs, in a euphoric response to progress on COVID-19 vaccines that has investors thinking Continue Reading
Just one week after the first doses of a coronavirus vaccine were administered in the United States, a new batch of vaccines fanned out across the country on Monday, an Continue Reading
OPEC+ will take a more hands-on approach to global oil markets now that it plans to meet more frequently, Bloomberg has reported , citing the leaders of the group, Saudi Continue Reading
5 million b/d net refining swing from West to East over 2020-2021 Petrochemicals shift in Asia, bio-refining switch in Europe, US China to be dominant refining force in 2021 as Continue Reading
Nearly a year after the U.S. airstrike that killed a revered Iranian military leader, a senior American general said that Tehran is still considering retaliatory steps, raising the possibility of Continue Reading
Drilling operations of the first well of the game-changing but highly-controversial Phase 11 of Iran’s supergiant South Pars non-associated natural gas field officially began last week. Significant gas recovery from Continue Reading
Iran has stated its interest in attracting investments from Russian oil companies to help develop its oilfields, Russia’s TASS news agency said on Monday, quoting Iranian Oil Minister Bijan Zanganeh. Continue Reading
With budgets already stretched thin, Iraq’s budget is being taxed even more by its policy of flaring natural gas while paying high prices to import natural gas from Iran. The Continue Reading
In an age where there’s not much oil left to discover on land and the supermajors have gone out to sea where development takes decades and costs are often prohibitive, Continue Reading
