Has IEA Resorted to Political Gimmickry?
Rigzone looks back at oil and gas market hits and misses for the week ending May 21, 2021. (The views and opinions expressed in this article are those of the Continue Reading
Global Food Prices Soaring As Demand For Biofuels Continues To Climb
As many of the world’s governments continue pushing to a greener future, the energy transition is colliding with another challenge facing the world as it struggles to emerge from the Continue Reading
Extreme Climate Displaced More People Than Conflicts in 2020
The number of new people forced to move within their own countries by climate disasters rose to the highest in at least a decade in 2020, more than three times Continue Reading
$150 Billion In Stolen Oil Money Smuggled Out Of Iraq
Some $150 billion in oil revenues has been stolen and smuggled out of Iran since the fall of Saddam Hussain in 2003, the president of Iraq said, as quoted by Continue Reading
Rising Saudi Exports Drive OPEC Shipments Increase In May
The ten OPEC members bound by the OPEC+ production agreement have increased their collective crude oil exports by more than 1 million barrels per day (bpd) so far in May, Continue Reading
Iran starts to store more barrels at sea ahead of potential sanctions relief
Around 32 million barrels of Iranian oil on water Floating oil volumes have more than doubled since January Iran laying the ground for an export revival Iran is starting to Continue Reading
Iran, IAEA extend monitoring deal to clear sanctions relief hurdle
Highlights Extension runs to June 24 Iran pumped 2.43 mil b/d in April: S&P Global Platts OPEC survey Fifth round of JCPOA talks set for this week Negotiations between Iran Continue Reading
Mysterious air base being built on volcanic island off Yemen
A mysterious air base is being built on a volcanic island off Yemen that sits in one of the world’s crucial maritime chokepoints for both energy shipments and commercial cargo. Continue Reading
Secret Meeting Between Saudi Arabia And Iran May Trigger Major Policy Change
A number of peculiar things have happened in the Middle East in the past few weeks involving the U.S., Saudi Arabia, and the UAE, all with some sort of focus Continue Reading
Nigeria: 52 Million Crude Oil Barrels Lost to OPEC Cuts – NNPC
Nigeria lost at least 52 million barrels of crude oil between May and December 2020 to COVID-19-induced compulsory supply cuts imposed by the Organisation of Petroleum Exporting Countries (OPEC), according Continue Reading