Efforts by OPEC+ oil producers to boost output are “not encouraging”, UAE energy minister Suhail al-Mazrouei said on Wednesday, noting the group was currently 2.6 million barrels per day short Continue Reading
Iran has begun further expanding its underground uranium enrichment and said on Wednesday it would switch off two of the U.N. nuclear watchdog’s cameras, as the watchdog’s 35-nation board overwhelmingly Continue Reading
The United Nations atomic agency’s board overwhelmingly passed a resolution rebuking Iran for failing to cooperate with an agency investigation, as Tehran said it had turned off some cameras monitoring Continue Reading
Iraq’s countrywide oil exports fell to an average 3.729 million barrels per day (bpd) in May, * a month-on-month decline of around 90,000 barrels per day. Despite the dip in Continue Reading
Eight months after national elections, Iraq still doesn’t have a government and there seems to be no clear way out of the dangerous deadlock. Political elites are embroiled in cutthroat Continue Reading
Some observers expressed hope that a trip by President Biden to Saudi Arabia could spark more production and bring prices down. In reality, there is no quick fix to the Continue Reading
Shell Plc is set to receive two final offers this week for its onshore oil and gas fields in Nigeria, according to people with knowledge of the matter. Local companies Heirs Continue Reading
In Cameroon, thousands of truckers spend weeks stranded at highways and border crossings due to lack of diesel. In Kenya, drivers are lining up overnight to fill their tanks. In Continue Reading
May crude oil imports around 10.79 mln bpd, up 11.8% on yr Jan-May crude oil imports down 1.7% yr/yr May refined oil product exports down 40% yr/yr Jan-May natural gas Continue Reading
Thousands of Tesla Inc. workers in Shanghai will be able to return to their homes from Friday, exiting a factory bubble set up to maintain operations during the city’s recent Continue Reading
