The Middle East Needs To Wake Up To Renewables
The oil and gas reserves of the Middle East are unmatched. It has been the region’s most important source of revenue and wealth for the past decades. Although it is Continue Reading
OPEC sees oil outlook for first half of 2021 full of downside risks
OPEC sees plenty of downside risks for oil markets in the first half of 2021, its secretary-general said on Sunday, a day before meeting allies led by Russia to discuss Continue Reading
Iraq Picks Chinese Firm for $2 Billion Oil Prepayment Deal
Iraq confirmed that it’s selected a Chinese company for a multibillion-dollar oil-supply deal, as the Arab nation seeks funds to bolster an economy reeling from the coronavirus-triggered collapse in energy Continue Reading
Chanting anti-U.S. slogans, Iraqi militia supporters mark year since Soleimani’s killing
Tens of thousands of supporters of Iranian-backed Iraqi paramilitary groups chanted anti-American slogans in central Baghdad on Sunday to mark the anniversary of the U.S. killing of Iranian general Qassem Continue Reading
Covid-19 Shipping Problems Squeeze China’s Exporters
A logjam in the global shipping industry is testing the resilience of China’s exporters, who have driven the country’s economic recovery by churning out goods to meet surging global demand during Continue Reading
Iran parliamentary committee lowers oil export target to 1.5 mil b/d
Iran’s parliament has lowered the government’s oil export target from 2.3 million to 1.5 million to manage expectations, news agency ISNA reported Jan 2. Receive daily email alerts, subscriber notes Continue Reading
Iraq defuses mine attached to oil tanker, no impact on crude exports: ministry
Highlights Sea mine on Pola discovered Dec. 31 in international territorial waters Pola is floating storage for high sulfur fuel oil intended for export Latest incident heightens maritime security concerns Continue Reading
In Reversal, Pentagon Announces Aircraft Carrier Nimitz to Remain in Middle East
The Pentagon said on Sunday that it had ordered the aircraft carrier Nimitz to remain in the Middle East because of Iranian threats against President Trump and other American officials, Continue Reading
China Is Fueling South America’s Oil Boom
Oil demand from China has been one of the few bright spots for a global petroleum industry severely impacted by a long-term global supply glut and the economic fallout from Continue Reading
Xpeng delivered 27k EVs in 2020; 5,700 in December
Xpeng Inc, a Chinese smart electric vehicle company, announced its vehicle delivery results for December 2020, the fourth quarter and year-ended December 31, 2020. Xpeng achieved a record monthly delivery Continue Reading