Stalled Iran Talks May Restart After EU Visit To Tehran
Nuclear deal talks between the West and Iran may soon be restarted after a visit by EU envoy Enrique Mora to Tehran. “The negotiations had stalled and now they have Continue Reading
Iraq feels pull of European demand for Russian crude alternatives
Med, NW Europe refineries replacing Urals with Basrah Medium, Basrah Heavy Asia taking more Russian crude as Europe turns away Medium sour Urals competes with many Middle Eastern crudes Iraq Continue Reading
From the Maldives to Venezuela: how Iran gets oil to an ally
A Venezuela-owned tanker in March sailed to a remote spot in the Indian Ocean and met an Iran-flagged vessel, took on a cargo of Iranian condensate and sailed home, according Continue Reading
Saudis, UAE: The World Has A Serious Energy Spare Capacity Problem
Prince Abdulaziz bin Salman: “The world is running out of energy capacity at all levels,”. Saudis see underinvestment in refining capacity as on of the reasons for soaring fuel prices. Continue Reading
Saudi, UAE energy ministers say NOPEC bill risks destabilizing the oil market
Ministers warn that energy investment at crisis levels No current shortage in the oil market, Mazrouei says OPEC+ blamed unfairly for high prices, Prince Abdulaziz says Targeted by so-called NOPEC Continue Reading
Venezuela begins imports of Iranian heavy oil for refining -PDVSA documents
Venezuela has begun importing Iranian heavy crude to feed its domestic refineries, documents from the state-run oil company PDVSA showed, a deal that widens a swap agreement signed last year Continue Reading
EXCLUSIVE Germany, Qatar at odds over terms in talks on LNG supply deal -sources
Germany and Qatar have hit difficulties in talks over long-term liquefied natural gas (LNG) supply deals amid differences over key conditions, including the duration of any contract, three people familiar Continue Reading
China’s Iranian oil imports ease on poor margins, lure of Russian oil
April imports estimated at 650,000 bpd – Vortexa Q1 Iran exports average 840,000 bpd, almost all to China – Kpler Independent refiners face shrinking margins Displaced Russian Urals crude heading Continue Reading
Another refinery attack signals rising threat
A rocket attack Sunday night damaged a storage tank at a refinery complex in Erbil — highlighting what appears to be an escalating threat against the Iraqi Kurdish company KAR Continue Reading
Iraq Moves to Implement Court Rule on Kurdistan Oil Operations
An oil field near Zacho, Iraq. Iraq said it will start implementing a court ruling that gives the federal oil ministry oversight of Kurdish production after failed talks with officials Continue Reading