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Month: June 2021

Category:
  • Nigeria

Nigeria: NNPC Decries Destruction of Rail Lines for Oil, Gas Pipe Transportation

The Nigerian National Petroleum Corporation (NNPC) has bemoaned the recent spate of attacks on the country’s rail lines, especially from Warri in Delta state to Itakpe in Kogi state, which Continue Reading

Posted On : 2 Jun 2021 Published By : Tom Whipple
Category:
  • India

Mumbai Gasoline Prices Now 2x More Expensive Than New York City

Citizens of Mumbai now pay twice as much for gasoline as a citizen of New York City, Bloomberg has reported , with prices at the pump up 11 percent since Continue Reading

Posted On : 2 Jun 2021 Published By : Tom Whipple
Category:
  • India

India’s Oil Demand Outlook Remains A Mystery

Oil demand in India has been clouding the outlook of global crude consumption since a devastating second COVID wave resurged in the world’s third-largest oil importer three months ago. India’s Continue Reading

Posted On : 2 Jun 2021 Published By : Tom Whipple
Category:
  • Venezuela

Biden administration renews Chevron license in Venezuela

The logo of Chevron Corp is seen in its booth at Gastech, the world’s biggest expo for the gas industry, in Chiba, Japan April 4, 2017. REUTERS/Toru Hanai/File Photo Chevron Continue Reading

Posted On : 2 Jun 2021 Published By : Tom Whipple
Category:
  • Venezuela

Analysis: Venezuela adjusts as sanctions spur Western oil partners to retreat

Venezuelan state oil company PDVSA is turning to local partners as it seeks to plug the gap left by Western companies in the OPEC nation’s oil sector, according to interviews Continue Reading

Posted On : 2 Jun 2021 Published By : Tom Whipple
Category:
  • Venezuela

Chevron Keeps Venezuela Foothold With U.S. Sanctions Waiver

Nicolas Maduro Chevron Corp. and top American oil-service companies won an extension to keep a limited presence in Venezuela despite U.S. sanctions intended to starve President Nicolas Maduro’s regime of Continue Reading

Posted On : 2 Jun 2021 Published By : Tom Whipple
Category:
  • Venezuela

US extends Venezuela wind-down for Chevron, oil service companies to Dec. 1

Highlights Platts Analytics expects output of 500,000 b/d through September China tax, Biden sanctions could sway Venezuelan outlook The Biden administration has given Chevron and four other US oil service Continue Reading

Posted On : 2 Jun 2021 Published By : Tom Whipple
Category:
  • China

China Electric Car Makers Outshine Peers on Growing Optimism

Electric-vehicle makers and suppliers rallied on Tuesday after a string of positive news for the industry, with Chinese companies clocking in the biggest gains. U.S.-traded shares of Nio Inc. and Continue Reading

Posted On : 2 Jun 2021 Published By : Tom Whipple
Category:
  • Asia

Asian Refinery Margins Crash To Nearly $0

Asian refiners are struggling with a major slump in profit margins because of the resurgence in Covid-19 infections in the region, Bloomberg has reported , citing the latest trends in Continue Reading

Posted On : 2 Jun 2021 Published By : Tom Whipple
Category:
  • China

China May Have Most at Risk From Prolonged JBS Meat Shutdown

A prolonged shutdown at global meat supplier JBS SA could hit China the hardest as the country is the world’s biggest beef buyer and accounts for almost a third of Continue Reading

Posted On : 2 Jun 2021 Published By : Tom Whipple

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