OPEC Update, May 2021
The OPEC Monthly Oil Market Report for May 2021 was published this past week. The last month reported in each of the charts that follow is April 2021 and output Continue Reading
The Latest: Israeli jets stage heavy airstrikes in Gaza City
Israeli warplanes have unleashed a series of heavy airstrikes at several locations of Gaza City. Explosions rocked the city from north to south for 10 minutes early Monday. The airstrikes Continue Reading
Israel Rules Out An Immediate Cease-fire With the Palestinians
Israeli Prime Minister Benjamin Netanyahu on Sunday ruled out the prospect of an immediate cease-fire with the Palestinians in the deadly flare-up of Middle Eastern violence, defying growing international demands Continue Reading
Israel says Gaza tunnels destroyed in heavy airstrikes
The Israeli military unleashed a wave of heavy airstrikes on the Gaza Strip early Monday, saying it destroyed 15 kilometers (nine miles) of militant tunnels and the homes of nine Continue Reading
Iran to develop offshore Farzad B gas field without India
The National Iranian Oil Co. is set to sign a $1.78 billion deal with a domestic company to develop the Farzad B gas field in the Persian Gulf, oil ministry Continue Reading
Why Vaccinating the World Against Covid-19 Will Be Hard
In delivering vaccines, pharmaceutical companies aided by monumental government investments have given humanity a miraculous shot at liberation from the worst pandemic in a century. But wealthy countries have captured Continue Reading
The Saudi Aramco Sale Is A Key Part Of Vision 2030
Higher oil prices this year are helping Saudi Arabia to reduce its budget deficit which soared with the oil price collapse last year. But the Kingdom and its de facto Continue Reading
Iran to Award $1.8 Billion Gas Field Contract to Local Company
Iran’s Petropars Ltd. will be awarded a $1.78 billion contract by the National Iranian Oil Co. to develop the giant Farzad-B gas field that was previously intended to be tapped Continue Reading
Iran Gears Up for Return to Oil Market as U.S. Talks Advance
Iran is preparing to ramp up global oil sales as talks to lift U.S. sanctions show signs of progress . But even if a deal is struck, the flow of Continue Reading
India’s Oil Demand Shrinks Further as Virus Crisis Persists
India’s oil demand worsened in the first half of May as large parts of the nation remained under local lockdowns to battle the world’s worst outbreak of Covid-19. Sales of Continue Reading