OPEC likely raised its total oil production in April, driven by another supply increase from Iran, one of the three OPEC members exempted from the OPEC+ production cuts, according to Continue Reading
Oil Minister Ihsan Ismaael has filed an official objection to several key provisions in Iraq’s 2021 national budget law, including problems that would result in payment delays for oil companies. Continue Reading
Nigeria’s state-owned energy company assured it will continue to meet its financial obligations to the government despite indicating the cost of gasoline subsidies may make it impossible to contribute to Continue Reading
The ongoing massive wave of the coronavirus in India is likely to reduce demand for ships amid a slowdown in the South Asian nation’s crude imports, and potentially refined products Continue Reading
India’s rampant second wave of COVID-19 topped 400,000 new daily cases for the first time on Saturday, as the country opened up its massive vaccination drive to all adults, although Continue Reading
India’s Covid-19 crisis has pummeled demand for transport fuels to the lowest in several months, highlighting the risks for energy consumption amid an uneven global recovery from the pandemic. April sales Continue Reading
The White House, citing guidance from the Centers for Disease Control and Prevention, announced Friday that it would begin restricting travel from India to the United States next week, a Continue Reading
A group of American oil executives held in a crowded Venezuelan prison were released to house arrest Friday, according to a person briefed on the negotiations. The employees of Houston-based Continue Reading
An Arctic cold blast that swept through the U.S. South in February caused a much bigger loss in oil supply than previously estimated, with output falling to a three-year low, Continue Reading
President Joe Biden’s plan to wean U.S. drivers off fossil fuels requires massive investment in public charging stations to power the electric-car revolution. So far, none of the companies that deploy Continue Reading
