OPEC+ seeks oil policy consensus as UAE demands changes
An OPEC+ deal to release more oil to the market and extend its supply management policy to the end of 2022 hinges on agreement from the United Arab Emirates (UAE), Continue Reading
Iran restricts IAEA access to main enrichment plant after attack -diplomats
Iran has been restricting U.N. nuclear inspectors’ access to its main uranium enrichment plant at Natanz, citing security concerns after what it says was an attack on the site by Continue Reading
IRAQ DATA: Federal oil exports hold steady at 2.89 million b/d in June
Highlights Iraq’s quota rose in June to 3.954 million b/d Quota to rise further to 4.016 million b/d in July Iraq is OPEC’s second-biggest producer Iraq’s federal oil exports, excluding Continue Reading
Iraqi tax commission cracks down on international energy companies
Iraq’s top tax authority has ordered government departments to stop issuing visas and halt imports for nearly two dozen international energy companies whom it accuses of late tax payments. If Continue Reading
Coronavirus cases surge in Africa as countries face Delta variant with few vaccine doses – The Washington Post
The variant-driven coronavirus outbreak that public health officials across Africa had warned about for months is underway — and it’s happening without the urgently needed ramping up of the continent’s access Continue Reading
Angola Debt To Oil Field Operators Swells To $1 Billion
Angola owes foreign oil field operators some $1 billion, Reuters has reported , citing unnamed sources, adding this level of debt had forced the country to put up stakes for Continue Reading
India’s coronavirus death toll tops 400,000 as the delta variant spreads globally, including in the United States
India’s official coronavirus death toll crossed the 400,000 mark, as the nation continued to grapple with the fallout of a devastating spring surge in cases, an outbreak that was driven Continue Reading
Venezuela to Cut Six Zeroes Off Bolivar to Simplify Transactions
Venezuela is preparing to once again lop off zeroes from the national currency in an attempt to simplify daily transactions which sometimes barely fit on a calculator or require swiping Continue Reading
Venezuela’s oil exports rose in June via Malaysia trans-shipments -data
Venezuela’s oil exports inched higher in June, boosted by cargoes to Asia and expanded sales of upgraded crude, data from state-run oil firm PDVSA and tanker monitoring showed, as the Continue Reading
Vast majority of new coal-power plants ‘uneconomic’
The vast majority of new coal-power plants being planned will struggle to make back their upfront costs, including all of those under construction in China, according to a new report Continue Reading