Nigerian oil pipelines in the southern Niger Delta energy hub, which belonged to Italy’s Eni and Aiteo, were blown up by militants. The blasts were
Category: Energy
Venezuela Ships Oil to Singapore
Venezuela, which is currently in a deep political and economic crisis, has sent two fully-laden large crude carriers heading to Singapore. The vessels – the
Market Update: Global Oil Supply Stabilizes
Yesterday (30 June), oil fell again, pressured by more production in Nigeria and Canada. A Goldman Sachs analyst said that rising Nigerian output would put
Israel Building World’s Tallest Solar Tower
Israeli engineers are working on the world’s tallest solar tower in the middle of southern Israel’s desert, reflecting the country’s efforts to decisively shift towards
Major Shift in the Oil Market: Russia Becomes China’s Top Crude Supplier
Russia overtook Saudi Arabia as China’s largest oil supplier in May, which marked the third consecutive month that Moscow has beat out Riyadh as the
OPEC: Oil Output Falling Short of the Demand
For the first time in three years, the Organization of the Petroleum Exporting Countries (OPEC) said that its current output was falling short of the
Venezuela Still Hoping for Oil Output Freeze
Venezuelan oil minister Eulogio del Pino said yesterday (16 June) that Iran would reach its pre-sanction oil output by September, which will revive the talks
LNG on the Rise: Global Gas Trade to Be Reshaped Over the Next Five Years
The International Energy Agency (IEA) said last week in its 2016 Medium-Term Gas Market Report that the global gas trade would be reshaped in the
Ukraine in Talks with Gazprom: Eying the Russian Gas for Winter 2016/2017
Ukraine’s Naftogaz has started talks with Gazprom regarding gas supplies for the second half of 2016 and the first quarter of 2017. Given the annexation
Iran after the Embargo: International Tankers Help Ship Iranian Crude
Iran has been able to recover its pre-sanction level oil production and export at a much faster pace than earlier predicted also thanks to the