The Organization for Petroleum Exporting Countries (OPEC) has decided in favor of an oil output freeze extension. The cartel would extend the global deal to
Category: Oil
Exxon Seeks Waiver from US Sanctions to Drill in the Black Sea
The American energy giant Exxon Mobil is trying to get a waiver from the US Treasury Department from the sanctions on Russia in a bid
Trump’s Big Move on Controversial Keystone Pipeline: Production Set to Start in Mid-May
The controversial Dakota Access Pipeline, a 1,886-km underground oil pipeline from North Dakota travelling south-east through South Dakota and Iowa to Illinois, will start interstate
Market Update: Iraq to Fully Comply with OPEC Production Freeze
Iraq has pledged to fully comply with the agreement to cut oil supply in order to prop up crude prices, OPEC Secretary General Mohammed Barkindo
Libya’s Oil Output Reduced by 252,000 bpd Due to Riots
Libya’s oil production has been reduced by 252,000 barrels per day – the country’s National Oil Corporation (NOC) announced yesterday (28 March). Oil output from
Market Update: Future of OPEC Oil Output Freeze Extension Unclear
New production projects and a fresh shale boom are likely to boost oil production by a million barrels per year and result in an oversupply
Market Update: OPEC’s Output Cut Not Working as Expected
OPEC’s efforts to tame global oversupply of oil and gas have so far had a little effect as demonstrated by the fact that Asia is
Exxon Invests in Mozambique, Creating Gateway for Asian Markets
Exxon Mobil Corporation, the world’s biggest publicly traded oil producer, will pay Italy’s Eni $2.8 billion for a 25 percent stake in a massive Mozambique
Oil Geopolitics: Ukraine and Poland Team Up Against Gazprom
Ukrainian state-run energy company Naftogaz is planning to join the Polish gas company PGNiG in a court case questioning the European Union’s decision to provide
United States’ Iraqi Oil Dilemma: Seize or Not Seize It
The United States is not going to Iraq to seize oil, US Defense Secretary Jim Mattis stressed earlier this week, prior to his visit to