OPEC oil production dropped to 13-month low due to falling Venezuelan output, Nigerian outages and strong compliance with the output freeze deal. The cartel is
Category: Oil
US Venezuela Sanctions to Affect Global Oil Prices More Than Iran Deal Withdrawal
New US sanctions on Venezuela’s crude output are expected to have a more negative impact on the country’s production and global supply than sanctions on
The Energy of Geopolitics: Iran Hopeful About Oil Exports Post US Nuclear Deal Withdrawal
Iran Oil Minister Bijan Zanganeh said that his country did not expect a drop in its oil exports if the European Union manages to salvage
Energy Geopolitics: Poland Launches Legal Battle Against Gazprom
Poland has launched a legal battle against Russian energy giant Gazprom with the possible fines up to 10% of the company’s annual turnover. The Polish
QIA and Glencore Abandon Plans to Sell 14% Stake of Rosneft to China’s CEFC
Mining company Glencore and Qatar are abandoning their plans to sell a $9 billion stake in Russian state oil company Rosneft to the Chinese company
Egypt Poised to Become Energy Hub: Billions Pledged for Its Oil & Gas Foreign Sector
Egypt is eyeing foreign investment in its oil and gas industries that could reach about $10 billion in the 2018/19 fiscal year, which would mark
Market Update: Oil Prices Overreacting to Iran’s Nuclear Developments
Oil prices extended gains – with US West Texas Intermediate crude for June delivery going up by 24 cents to reach $68.81 a barrel –
London Rehearsing for Post-EU Future: Securing Korean Buyers for UK Oil
Britain and South Korea are discussing the protection of tax exceptions for Korean customers of North Sea oil after the UK leaves the European Union.
Chinese & Brazilian Oil Giants Team Up in an Investment-Oil Exchange
Brazilian state-run oil company Petrobras is close to finalizing a deal in which China National Petroleum Corp Ltd (CNPC) would make an investment in an
Market Update: China-US Tariff War to Negatively Impact Global Oil Consumption
The world’s oil consumption could be negatively affected by the escalating trade dispute between the United States and China, the International Energy Agency (IEA) cautioned