After a U.S. judge said that she had lacked jurisdiction to seize a Kurdish tanker off the U.S. shore, and if it did, it would
Category: Oil
IMF Favors Higher but Smarter Energy Taxes
The International Monetary Fund (IMF) said last week that energy taxes are, in most parts of the world, lower than they should be to mirror
U.S. Cannot Seize Kurdish Oil for Now
Yesterday, a U.S. judge said she lacked jurisdiction to seize a tanker carrying 100 million USD in Iraqi Kurdish crude due to the ship’s distance
Exxon Mobil Considers a Multi-Billion Investment in the US
ExxonMobil Corporation is considering a multi-billion plan to expand its Beaumont refinery in Texas to make it the biggest refinery in the United States. The
Asia Buys US Ultra-Light Oil for First Time in 40 Years
Japan and South Korea have bought the first ultra-light oil from the United States after Washington eased the 40-year-old ban on trading US crude oil
Iraq’s Militants Start Oil Smuggling
Iraq’s militants seized four small oil drilling sites when they swept through the north of the country last month. Now, they have started selling crude
ExxonMobil Faces a Dilemma due to US Sanctions
The world’s most valued oil company, ExxonMobil, is struggling with an ordinary journey of an oil drilling rig, scheduled to resume operation some time ago,
Libya’s Oil Output Blunders due to Fighting in Tripoli
Libya’s oil output recently slipped again after it had already increased since April this year. The current fall in oil production had been caused by
Libya Resumes Selling Oil from Rebel-Controlled Terminals
The Libyan National Oil Corp (NOC) has “freed” the first crude oil from the major oil terminal Ras Lanuf located in the east of the
Iran’s Main Oil Firm off Blacklist but still EU-Sanctioned
Iran’s main oil tanker company, NITC, remains to be sanctioned by the European Union, which is why it can neither call at European harbours nor