Oil Prices Get Boost from Fuel Inventory Data
Oil jumped the most in more than a week after a U.S. government report showed a record drop in domestic fuel inventories from the aftermath of a deep freeze that Continue Reading
OPEC+ Silence Has Oil Market Second-Guessing Next Supply Move – Bloomberg
OPEC and its allies kept oil-watchers guessing about their next move, after a day of preliminary talks offered few clues as to whether the market will get the April supply Continue Reading
OPEC+ Could Add 1.3MM Bpd and Keep Market Balanced
Rystad Energy’s latest analysis indicates that OPEC+ could raise production by 1.3 million barrels per day in April and keep the market balanced. Rystad Energy’s latest analysis indicates that OPEC+ Continue Reading
Yemen’s Houthis Claim Strike on Saudi Base, Aramco Oil Depot
Yemen’s Houthi rebels said they launched missile and drone strikes against a Saudi Arabian oil facility and a military base, as their attacks on the kingdom’s energy and security installations multiply. Continue Reading
Turkey’s Perfectly Timed Gas Discovery
Turkey’s energy import bill has been a major drag on its economy for decades. In 2019, the country imported $41 billion worth of energy among which 45 billion cubic meters Continue Reading
Israel accuses Iran of link to oil spill off its shores
Israel accused Iran on Wednesday of being linked to a recent oil spill off its shores that caused major ecological damage, calling the incident environmental terrorism. The spill was caused Continue Reading
Iran Taps Old Oil Customers as It Eyes End of U.S. Sanctions
ran is reaching out to old customers in Asia to gauge their interest in buying its oil as Tehran ramps up diplomacy to get U.S. sanctions lifted. The National Iranian Oil Continue Reading
India’s Record High Pump Prices Threaten Road to Recovery
India’s record pump prices of gasoline and diesel are the newest threat to the economy’s nascent recovery, as high local taxes on retail fuel risk fanning inflation and driving a Continue Reading
Debt Stricken Mexican Oil Major Pemex Scrambles To Boost Production
After decreasing production to match lower demand in 2020, Mexico plans to boost oil exports in 2021 as worldwide demand gradually increases once again. OPEC members heavily reduced oil production Continue Reading
IEA Head: India’s Coal Exit Cannot Happen Without Financial Support
India and other developing nations should get international financial support, as well as strong government commitment and aid, in order to phase out coal and contribute to emissions reduction, Fatih Continue Reading