Iraq’s February oil exports rise
Iraq exported 3.719 million barrels per day (bpd) in February,* up from January exports of 3.619 million bpd, with revenues reaching a new 10-year high as global oil prices rose to their Continue Reading
Weather-related port closures, Sharara pipeline shutdown impair Libyan oil supply
Armed group closes pipeline valve connecting Sharara field Brega, Es Sider, Ras Lanuf, Zawiya, Zueitina ports closed Lack of storage could force NOC to cut oil output Libya’s crude production Continue Reading
Saudi crown prince plays the oil card in quest for U.S. recognition
Saudi Crown Prince Mohammed bin Salman is seen during the Emirates Formula One Grand Prix at the Yas Marina racetrack in Abu Dhabi, United Arab Emirates November 25, 2018. Bandar Continue Reading
Iran, U.S. Close to Reviving Iranian Nuclear Deal
The U.S. and Iran on Thursday were closing in on an agreement to restore the 2015 nuclear deal, although officials from both countries warned final issues still needed to be nailed down Continue Reading
Kazakhstan Braces For Russian Sanction Fallout
Russia’s continued war in Ukraine is having some unintended consequences in neighboring countries. Kazakhstan is rushing to minimize the fallout of Russian sanctions. The economies of Eurasia are so closely Continue Reading
Australia’s Victoria state sets out fast growth plan for offshore wind power
Australia’s Victoria state on Friday set targets of at least 2 gigawatts (GW) of offshore wind power by 2032, and 9 GW by 2040, setting up ambitious goals to help Continue Reading
China Declared Its Russia Friendship Had ‘No Limits.’ It’s Having Second Thoughts.
In the months leading up to Xi Jinping making common cause with Russian President Vladimir Putin, the Chinese leader was focused on one country, and it wasn’t Ukraine. His ambitions for Continue Reading
Pressure grows on Biden to ban U.S. imports of Russian oil
A bipartisan group of U.S. senators introduced a bill on Thursday to ban U.S. imports of Russian oil, saying the shipments could be replaced by boosting output in North America Continue Reading
Lawmakers Push to Ban Russian Oil Imports, Amid White House Resistance
Republicans and Democrats in Congress are pushing President Biden to ban Russian energy imports as they search for new ways to punish Moscow for its bloody invasion of Ukraine, even as the White Continue Reading
Lukoil, a Russian Oil Company, Calls for an End to the Ukraine War
Lukoil, Russia’s second-largest oil company, appeared to distance itself from President Vladimir V. Putin on Thursday by calling for a “fast resolution” to Russia’s invasion of Ukraine. The statement most likely reflects the Continue Reading