With Brent prices within spitting distance of $60/b and Saudi Arabia shouldering an extra load of production cuts, OPEC+ ministers concluded a speedy monitoring committee meeting Feb. 3 with an Continue Reading
A Nigerian judge issued an arrest warrant for the managing director of Exxon Mobil Corp’s local unit for failing to appear before the nation’s anti-graft agency investigating what it says is Continue Reading
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has said asking the oil companies operating in the country to relocate to the Niger Delta without first addressing the Continue Reading
Climate change is bringing rising sea levels and increased flooding to some cities around the world and drought and water shortages to others. For the 11 million inhabitants of Chennai, Continue Reading
The oil production decline that the Covid-19 pandemic brought to Argentina’s Vaca Muerta formation now seems like a distant memory. The reserve’s oil output has not only rebounded to pre-pandemic Continue Reading
A new monthly record was set in January for LNG tanker transits of the Panama Canal, as US shipments to Asia surged, according to the operator of the Canal. Receive Continue Reading
Fracking activity in Vaca Muerta, Argentina shot up in January to its highest level in 17 months, according to data released Feb. 3, as demand recovers from an eight-month lockdown Continue Reading
Crude oil inventories in China have accelerated their decline in recent weeks, Bloomberg reported on Wednesday, quoting data analytics company Kayrros. At this time last year, Chinese stocks stood at Continue Reading
The EV unit of property giant China Evergrande said on Wednesday that it had started trial production of electric vehicles and showed photos and videos of SUVs on a winter Continue Reading
China’s independent refineries imported 18.16 million mt, or 4.3 million b/d, of crude and bitumen in January, a 35.1% on the month jump, as these privately-held companies started to actively Continue Reading
