OPEC Update, March 2021
The OPEC Monthly Oil Market Report for March 2021 was published this past week. The last month reported in each of the charts that follow is February 2021 and output Continue Reading
Libya forms new oil ministry as NOC eyes releasing revenues
Libya’s state-run National Oil Corporation is poised to release oil revenues to the central bank after the interim Government of Unity (GNU) was sworn in on March 15, creating a Continue Reading
Iranian Oil Surge to China Hurts OPEC Efforts to Tighten Supply
The torrent of Iranian oil that’s been gushing into China in recent weeks is crowding out imports from other nations and threatening to complicate efforts by the OPEC+ alliance to Continue Reading
Saudi Arabia Must Prepare For More Attacks On Its Oil Industry
As highlighted in OilPrice.com just after the last major attack on Saudi Arabian oil facilities on 14 September 2019, there are many positive aspects from Iran’s perspective in pursuing such Continue Reading
Kenya: Tullow Woes Scuttle Kenya’s Oil Dream
Had everything gone according to plan, Kenya would be reading to begin its commercial export of crude oil on a large scale next year. This was after success in sale Continue Reading
UAE Sheikh Lays Claim to Oil Cargo U.S. Says Is From Iran
The U.S. policy of stopping Iran from exporting oil suffered a setback after a United Arab Emirates sheikh laid claim to a cargo that Washington seized and alleged is from Continue Reading
Nigeria Unemployment Rate Rises to Second Highest on Global List
Unemployment in Africa’s largest economy surged to the second highest on a global list of countries monitored by Bloomberg. The jobless rate in Nigeria rose to 33.3% in the three months Continue Reading
South Africa Hopes To Become The Next Big Shale Success Story
It’s been nearly a decade since South Africa lifted a freeze on shale gas exploration, but the resource-rich nation’s potential ensuing shale revolution never quite materialized. Much attention and expectations Continue Reading
Expected oil discovery announcement in Mexico taken cautiously amid hurdles
Mexico is due to announce later this week a sizable oil and gas field in the Tabasco region, but observers doubt the find will be a game-changer or if it Continue Reading
The Worst Dust Storm in a Decade Shrouds Beijing and Northern China
The central business district in Beijing on Monday, when the capital was engulfed in a sandstorm.Gilles Sabrié for The New York Times The Communist Party has made great strides in Continue Reading