China has decided to curb its oil exports to North Korea on top of stopping its textiles imports from the rogue country. China’s oil exports
Category: Oil
Market Update: Venezuela Abandons US Dollar in Oil Trade
Venezuela is no longer receiving or sending payments in US dollars in response to the sanctions imposed by the White House in August. Oil traders
The US Refinery Capacity Hit by Hurricane Harvey
Gasoline prices went up in the United States after Hurricane Harvey knocked out refining operations and traders gauged damage to the Houston area in preparations
OPEC’s Output Freeze Starts to Be Working as Consumptions Rises
OPEC predicts higher demand for its crude oil in 2018 in response to increasing global consumption. The cartel also commented that the oil market was
India Curbs Iranian Oil Imports Making Iraq Win
India has been curbing imports of crude oil from Iran as part of the efforts to reduce imports by around a fifth by March 2018. There
Libya’s Rising Output Disturbing OPEC’s Attempts to Tame Supply
Output from Libya’s largest oil field Sharara has returned back to normal after it was disrupted by riots and armed demonstrations in the city of
Market Update: Libya Adds More Oil Challenging OPEC’s Output Freeze
OPEC oil production went up in July by 90,000 barrels per day (bpd) to a 2017 high, driven by a recovery in supply from Libya.
Mexico Has ‘World Class’ Oil Discovery Of More Than 1 Bn Barrels
The energy companies Premier Oil, Talos Energy and Sierra Oil & Gas announced a potentially huge new oil discovery off the Mexican coast last week.
Donald Trump Approves Oil Drilling and Exploration Offshore Alaska
The US President Donald Trump has approved a drilling plan for oil exploration offshore Alaska. Eni US, a unit of Italy’s Eni, will thus become
Morocco Deepens Cooperation with IEA on Energy Security and Efficiency
Morocco signed a three-year joint program of work with the International Energy Agency (IEA) to deepen bilateral cooperation in the areas of energy security, energy