President Nicolas Maduro is trying to fight the sanctions imposed on Venezuela by funneling cashflow through Russian state energy giant Rosneft. The sanctions ultimately aim
Category: Oil
Iran-Venezuela Sanctions Fallout: EU Paying the Price for High Oil While Russia Benefits
European refiners are bearing the brunt of the impact of US oil sanctions on Venezuela and Iran as they are having a hard time to
Market Update: Saudis Mull Extending Oil Production Cut
The Saudi energy minister said that it was early to say whether there was a consensus among OPEC and its allies to prolong the existing
Tit-for-Tat: Saudi Arabia Threatens to Ditch Oil Dollars if NOPEC is Passed
Saudi Arabia is threatening to start selling its natural resources in currencies other than the US dollar if Washington passes the NOPEC bill exposing OPEC
Energy Geopolitics: Algeria’s Political Turmoil is Taking Toll on International Oil Deals
The political turmoil in Algeria is taking toll on the country’s energy industry. In the midst of the crisis, a number of pending contracts involving
Corporate Double Speak: Advertising Climate Action While Lobbying for Favourable Legislation
The world’s five largest oil and gas firms have collectively spent more than 1 billion USD trying to show up their environmental credentials since the
Oman Clinch Deal to Invest in Sri Lanka’s Hambantota Oil Refinery Project
Oman’s oil minister said over the weekend that he was excited about his country taking part in a Sri Lanka oil refinery project in a
New Energy Hot Spot: Exxon, in U-Turn, Now Plans Oil Drilling in Israel
The American oil giant Exxon Mobil Corporation is pondering oil and gas exploration in Israel. This move would make Exxon the first oil major to
Energy Geopolitics: US Plans to Bring Iranian Oil in Global Markets to Zero
Iran is estimated to have lost up to $10 billion since US sanctions were re-imposed in November last year as a result of which 1.5
Biofuel Update: US Production, Consumption & Trade to Remain Stable Through 2020
The US Energy Information Agency (EIA) forecasts that a few recent trends in US biofuels markets will continue through 2020. In its Short-Term Energy Outlook