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Month: August 2021

Category:
  • Iran

Iran’s Rapid Oil Comeback Looks Less Likely After Tanker Attack

Iran’s oil comeback, already taking longer than many traders expected, will be further complicated by shipping attacks in the past week, including a deadly drone strike on a tanker near the Gulf of Oman Continue Reading

Posted On : 4 Aug 2021 Published By : Tom Whipple
Category:
  • Iran

Possible Ship Hijack Near Iran Ends as Mideast Tensions Run High

A suspected hijacking of a vessel near Iran has ended, the British Navy said Wednesday, days after a deadly drone attack on a tanker in the same area that the U.S and Continue Reading

Posted On : 4 Aug 2021 Published By : Tom Whipple
Category:
  • Libya

Libyan crude output could rise 200,000 b/d by year-end: OMV executive

Technical, maintenance issues keeping a lid on current output Output could become more volatile ahead of Dec elections Libya currently producing near 1.20 million b/d of crude Libya has the Continue Reading

Posted On : 4 Aug 2021 Published By : Tom Whipple
Category:
  • Iran
  • OPEC

OPEC+ leaves Iran behind as it starts hiking crude oil production

Highlights Easing OPEC+ quotas squeeze Iran’s market share Iran’s oil hopes rest on stalled nuclear deal talks New Iranian president will be inaugurated Aug. 5 Iranian President-elect Ebrahim Raisi takes Continue Reading

Posted On : 4 Aug 2021 Published By : Tom Whipple
Category:
  • Saudi Arabia

Saudi crown prince Mohammed strips religious leaders of powers

In May, the Saudi government barred the use of loudspeakers to amplify prayers and sermons at mosques and ordered that the volume of the traditional call to prayer, which has Continue Reading

Posted On : 4 Aug 2021 Published By : Tom Whipple
Category:
  • Iran
  • Lebanon

Iran Uses Iraq To Tie Lebanon Into Massive Power Plan

Iran has spent a lot of its time, money, and lives of its direct and proxy military forces in building up its influence across the Shia Crescent of power in Continue Reading

Posted On : 4 Aug 2021 Published By : Tom Whipple
Category:
  • Libya

Libya: Shell Considers Resuming Activities In Country

Shell is considering resuming operations in Libya by contributing to oilfield developments and increasing marketing and refining activities, Libya Herald reported on Tuesday, citing Libya’s National Oil Corporation (NOC) as Continue Reading

Posted On : 4 Aug 2021 Published By : Tom Whipple
Category:
  • Nigeria

Nigeria Loses 2.5 Trillion Oil Barrels in 4 Years

Nigeria has lost 4.5 trillion barrels of oil to theft in the last four years, according to data from the Nigeria Natural Resource Charter (NNRC). Another data from the National Continue Reading

Posted On : 4 Aug 2021 Published By : Tom Whipple
Category:
  • Colombia

A New Civil War Would Decimate Colombia’s Oil Industry

The strife-torn South American nation of Colombia was rocked by anti-government protests which commenced in late April 2021 and lasted for roughly two months. By mid-May 21 road blockades had Continue Reading

Posted On : 4 Aug 2021 Published By : Tom Whipple
Category:
  • China

China’s Latest Outbreak Threatens to Derail Consumer Recovery

Bloomberg News A health worker takes a swab sample for Covid-19 at a voluntary nucleic acid test clinic in Beijing, on Aug. 2. Photographer: Noel Celis/AFP/Getty Images China’s broadest Covid-19 Continue Reading

Posted On : 4 Aug 2021 Published By : Tom Whipple

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