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Month: January 2021

Category:
  • Iran

Iran begins enriching uranium to 20 percent in new breach of nuclear deal

Iran on Monday resumed 20 percent uranium enrichment at its sensitive Fordow nuclear facility, state media reported — a major step away from a 2015 nuclear deal struck with world Continue Reading

Posted On : 5 Jan 2021 Published By : Tom Whipple
Category:
  • Iran

Iran resumes 20% enrichment at Fordow amid rising tensions with U.S

-Iran has resumed 20% uranium enrichment at an underground nuclear facility, the government said on Monday, breaching a 2015 nuclear pact with major powers and possibly complicating efforts by U.S. Continue Reading

Posted On : 5 Jan 2021 Published By : Tom Whipple
Category:
  • Nigeria

Nigeria’s oil revival unlikely in 2021 without major reforms

Nigeria’s oil industry looks set for a difficult 2021 as a delay in implementing key legislative reforms compounds problems for a sector still reeling under the weight of OPEC+ output Continue Reading

Posted On : 5 Jan 2021 Published By : Tom Whipple
Category:
  • Venezuela

Western Oil Majors Are Key To Reviving Venezuela’s Oil Industry

Venezuela’s rapidly disintegrating oil industry, which is the backbone of its economy, is a mere shadow of what it once was, despite the founding OPEC member possessing the world’s largest Continue Reading

Posted On : 5 Jan 2021 Published By : Tom Whipple
Category:
  • China

In sudden reversal, NYSE says will not delist three Chinese telecom firms

The New York Stock Exchange said it no longer intends to delist three Chinese telecom giants that have been targeted by U.S. President Donald Trump’s outgoing administration, in a shock Continue Reading

Posted On : 5 Jan 2021 Published By : Tom Whipple
Category:
  • Venezuela

Venezuela’s 2020 Oil Exports Plunged To The Lowest Level In 77 Years

Venezuela’s crude oil and refined product exports plummeted in 2020 to their lowest level in 77 years, as the U.S. continued to step up sanctions against Nicolas Maduro’s regime and Continue Reading

Posted On : 5 Jan 2021 Published By : Tom Whipple
Category:
  • Venezuela

Venezuela’s oil industry expected to deteriorate further

Venezuela’s oil industry will likely continue to deteriorate in 2021, with the country’s roughly 300 billion barrels of crude in reserves left largely untapped even if oil prices move higher, Continue Reading

Posted On : 5 Jan 2021 Published By : Tom Whipple
Category:
  • China

China’s Oil Giants Face NYSE Delisting

Chinese crude oil companies listed in New York may soon be kicked out, after the New York Stock Exchange delisted three telecoms with headquarters in China, Bloomberg reports, due to Continue Reading

Posted On : 5 Jan 2021 Published By : Tom Whipple
Category:
  • China

Chinese cities reportedly go dark as country faces shortage of coal, a major Australian export

Several major Chinese cities have reportedly gone dark as authorities limit power usage, citing a shortage of coal. Analysts said prices of the commodity in the country have shot up Continue Reading

Posted On : 5 Jan 2021 Published By : Tom Whipple
Category:
  • Shale Oil

Default warning as US energy sector’s financial woes persist

Defaults by US oil and gas producers are set to outstrip all other sectors again in 2021 as an industry battered by this year’s price crash faces yet more pain, Continue Reading

Posted On : 5 Jan 2021 Published By : Tom Whipple

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