Iraqi Oil Minister Jabar al-Luaibi said over the weekend that a deal signed with Iran to swap as much as 60,000 barrels per day of
Category: Energy
Houston Emerging as the New Global Oil Hub
The American city of Houston is emerging as the country’s new energy hub and it is vying to become the center of global oil trading
The Geopolitics of Oil and Gas: America’s Progressing Energy Diplomacy
In Poland’s effort to decrease its reliance on Russian energy, its state-owned energy company PGNiG signed its first five-year contract to buy American liquefied natural
Market Update: OPEC’s Global Oil Production Cuts Extended till End 2018
OPEC and non-OPEC oil producing countries agreed last week (30 November) to prolong the oil production cuts until the end of next year as they
Russia’s Sakhalin-1 Project Jeopardizes OPEC Output Freeze
Oil production from Russia’s Sakhalin-1 project is poised to go up by about 25% to 250,000-260,000 barrels per day from January 2018, suggesting that the
Powering South America: Bolivia Signs Gas Deal with Foreign Energy Companies
The Bolivian government signed natural gas development contracts with Spain’s Repsol, Brazil’s Petrobras, Royal Dutch Shell and Pan American Energy earlier this week. Covering blocks
Nebraska Approves Controversial Keystone XL Pipeline
Nebraska officials yesterday (20 November) gave a green light to the Keystone XL pipeline, thus essentially getting rid of the last major regulatory obstacle standing
Nigeria Supports Oil Production Cut Extension Under “Right Terms”
Nigeria supports an extension of the output freeze deal between the Organization of the Petroleum Exporting Countries (OPEC), Russia, and other non-member countries to cut
Market Update: European Oil Giants Hurry to Drill in Inhospitable Northern Waters
European companies are planning to drill oil in the continent’s northern waters as world leaders prepare to meet for UN climate talks in Germany. Oil
Oil Market Update: Saudi Arabia and Allies Ready to Extend Supply Cuts
Saudi Arabian Crown Prince Mohammed bin Salman announced that his country would limit the current oil production beyond a deal among both OPEC and non-OPEC