Libyan Government Denies Gasoline Shortage
The Libyan government recognized by the UN has told Libyans not to panic and queue at gasoline stations in the country because there is enough supply of fuel, Libya Herald Continue Reading
IRAQ DATA: Nov oil output falls 4%, below OPEC+ quota, SOMO says
Iraq’s oil production, including output from the semi-autonomous Kurdistan region, fell 4% month on month in November, the State Oil Marketing Organization said Dec.14, falling below its OPEC+ quota as Continue Reading
Iran repairs pivotal crude oil pipeline
A ruptured pipeline arterial to Iran’s refining system has been repaired but yet to become operational again, the oil ministry news service reported Dec. 14. The Marun-Isfahan conduit broke Dec. Continue Reading
Dinar value falls as Iraq contemplates currency devaluation
The street value of Iraq’s currency is dropping, as markets anticipate the likelihood the dinar will soon be revalued in response to a dire economic crisis. Money exchangers in Iraq Continue Reading
Iran Contains Fire After Oil Pipeline Spill
Iran has brought a fire caused by an oil pipeline spill under control, local media reported . An oil pipeline ruptured on Sunday because of a landslide in southwestern Iran, Continue Reading
Explosion At Saudi Port Damages Oil Tanker
An explosion rocked a Singapore-flagged oil tanker at the Saudi Red Sea port of Jeddah, according to multiple media reports. The United Kingdom Maritime Trade Operations website reported the incident Continue Reading
Rouhani Urges Biden: Rejoin Nuclear Deal and Iran Will, Too
Iranian President Hassan Rouhani, in a direct appeal to U.S. President-elect Joe Biden, said his country was willing to return to full compliance with its nuclear deal with world powers Continue Reading
Fire halts crude exports from Nigeria’s Qua Iboe terminal
Crude loadings of Nigeria’s key crude Qua Iboe have been temporarily halted due to a fire at the terminal, traders and Nigeria-based sources said Dec. 14. Not registered? Receive daily Continue Reading
Nigeria’s Oil Output Drops By 14 Percent to an Average of 1.5mb/D
Nigeria might be under pressure to fund its N13.8 trillion 2021 budget following a significant drop of its oil output by 14.08 percent in the first 10 months of 2020, Continue Reading
Exxon’s Big Bet On Guyana’s Offshore Oil Basin Is Paying Off
The growing oil boom in the offshore Guyana-Suriname Basin continues to gain pace . After making a series of spectacular discoveries in offshore Guyana energy supermajor ExxonMobil announced that with Continue Reading