Russian Energy Minister Alexander Novak said earlier this week that Russia would boost its oil production next year even if the global deal to cut
Category: Energy
Oil Market Update: Compliance with OPEC’s Production Cut Deal ‘Extremely High’
The global oil market is stabilizing thanks to the full compliance of the OPEC countries to the cartel-administered deal that seeks to curb supply in
OPEC Head Urges All Producers to Join Production Cuts
OPEC’s Secretary General Mohammed Barkindo urged US shale oil companies to help curb global oil supply warning that the market might need to be rebalanced
Saudi Arabia “Flexible” on Oil Output Freeze Deal Extension
Saudi Arabia said it was flexible regarding the extension of a deal between OPEC, Russia and other producers on cutting oil supplies until the end
War-Torn Libya’s Major Oilfield Shut Down Again
A group of armed men forced Libya’s major oilfield el-Sharara to close late on Sunday (1 October), effectively shutting down production of more than 230,000
Morocco Going Green: Rabat Advances Solar to Boost Agriculture
Moroccan Ministry of Energy, Mining and Sustainable Development (Ministère de l’Energie, des Mines et du Développement Durable, MEMDD) has designated €206.1 million for investments in
Kurdistan’s Oil Revenue Threatened Following Independence Vote
Iraqi Kurdistan’s independence referendum has once again brought attention to its oil industry. This prompted Turkish President Recep Tayyip Erdogan to threaten to cut off
Northeast Asian Flashpoint: China Limits Oil Trade with North Korea
China has decided to curb its oil exports to North Korea on top of stopping its textiles imports from the rogue country. China’s oil exports
Morocco’s Green Transition: Rabat to Invest $40 billion by 2030 in Renewables
Morocco is to invest $40 billion by 2030 in energy sector and most of it in renewable energy. Rabat wants to target projects that aim
Market Update: Venezuela Abandons US Dollar in Oil Trade
Venezuela is no longer receiving or sending payments in US dollars in response to the sanctions imposed by the White House in August. Oil traders