China’s Sinopec has succumbed to the US pressure and curbed its crude imports from Iran. While the numbers are unclear, based on the current supply
Category: Oil
Oil Market Update: Iranian Crude Export Already Down
Iranian oil exports are down before the second round of US sanctions enters into force at the beginning of November. The Iranian economy is poised
Shell’s Nigerian Strategy Shifting from Onshore to Offshore
Royal Dutch Shell wants to reconsider its activities in Nigeria and give more attention to the oil and gas fields far offshore and thus escape
Controversial Keystone XL Pipeline Assessed as Environmentally Friendly
The US State Department said that the controversial Keystone XL oil pipeline would not do any harm to water and wildlife. In its environmental assessment,
Geopolitics of Energy: Russian Oil Producers Seek Alternatives for US Dollar
Russian producer Surgutneftegaz is trying to make buyers to relinquish the US dollar and instead pay for the crude in euros. The company seeks to
Uganda’s Hoima Oil Refinery Construction Delayed
Uganda’s oil refinery construction is likely shifted by two years following delays with project studies. The front-end engineering design (FEED) was originally scheduled for completion
Iraq Boosts Oil Production Despite Street Protests
Iraq is producing crude oil at record levels while the oil-rich south of the country is being engulfed by rioting street protests. Iraq’s oil exports
Energy Geopolitics: India Hoping for US Waiver to Buy Iranian Oil
The United States is debating giving waivers for Iranian oil customers such as India that will be eventually forced to stop their imports as the
OPEC Boosts Oil Production to Ease Over-Compliance with Output Freeze Deal
OPEC production went up in August as a response to a 2018 high as Libyan output rebounded and Iraq’s southern outlets hit a record. The
Market Update: Iraq Boosts Oil Production to Record Levels
il exports from southern Iraq are about to hit another record high this month, two industry experts said. Iraqi Oil Minister Jabar al-Luaibi said over