Iranian oil exports to Europe have started to rise following a slow start after the sanctions were lifted in January. However, Teheran is now facing
Category: Oil
Russia’s Rosneft’s Debt Likely on Rise
The credit ratings agency Moody’s said yesterday (20 March) that the debts of Russia’s major oil producer Rosneft will probably go up as a result
Nigeria’s State-Run Oil Company Fails to Pay $16Bn to Government
The Nigerian state-run company, the Nigerian National Petroleum Corporation (NNPC), has not paid its $16-billion due payment to the government in a suspected fraud. The
Iraqi Kurdistan’s Oil Reserves Being Downgraded
Kurdistan has been recently hit by a series of bad news regarding the future prospects of its oil industry, which had already been negatively affected
Russia Shows First Signs of the Implementation of Oil Production Freeze Deal
In February, Russia produced oil at the same rate as in January, at 10.88 million barrels per day (bpd), an almost 30-year high, regardless of
Brazil’s Petrobras to Slash Investment
Brazil’s energy giant Petrobras has announced that it will cut its five-year investment plan by about 20 percent next month due to the soaring debt,
Venezuela: Default of a Major oil Producing Company Looming
The Venezuelan state-run oil company PDVSA has about $5.2 billion in payments to bondholders this year, most of it due in October and November. Analysts
Global Oil Market Dynamics Changing: China and India on Rise
India and China have overtaken the traditionally dominant crude buyers, such as Japan, and challenged the United States as the world’s biggest oil consumer. The
Four Major Oil Producers Announce Freeze Output at January Levels
Four major oil producers decided to freeze their production at January levels if other big energy exporters join, in response to which oil prices fell
Iran’s Playing with the OPEC Giants
Iran has recently considered sitting down at the negotiation table with oil giants over the global oil surplus which some observers interpret as an indication