China’s energy companies have decided to keep the amount of oil that they buy from Iraq unchanged for the first time in almost ten years.
Category: Energy
Oil-Rich U.S. States and Energy Firms to Face Slowdown due to Cheap Crude
Some of American major oil companies are beginning to show the first sign of slowdown in response to the plummeting crude prices as oil hits
Canada’s Oil Sands Start Losing Momentum
Canada’s oil sands halcyon days are expected to be over soon. Just like the American oil sector is getting nervous due to anticipated layoffs and
China Looking for Buyers of Its LNG Import Deals
China’s state-run energy company Sinopec is planning to sell some long-term liquefied natural gas (LNG) import deals in response to the country’s slowing economy, which
Russia Scraps Controversial South Stream, Pipeline to Be Diverted to Turkey
Russian President Vladimir Putin has decided not to proceed with the proposed controversial South Stream gas pipeline, a multi-billion energy project already half a decade
Oil-Exporting Countries to Tap into Sovereign Funds to Balance Budgets
Energy-exporting countries, which have put away billions of dollars in sovereign investment funds, may now be forced to draw on their “savings” as oil revenue
American Oil Exports to Asia Halt amidst Mideast Competition
United States’ exports to Asia begin to stall as Mideast Gulf oil producers hurry to protect their market share amidst the lowest prices in five
China’s Oil Reserves Higher than Officially Declared
China is expected to be holding a higher amount of crude than what is stated in its official plan. Its strategic reserves are estimated to
OPEC Starts Talking Oversupply
On Friday (21 November) OPEC’s Economic Commission Board concluded a two-day meeting in Vienna before the group of oil ministers meets on Thursday (27 November)
Libya’s Major Oilfield Remains Shut Down
Libya’s El Sharara oilfield, one of the OPEC’s biggest ones producing about 200,000 barrels per day remains closed down. The closed field is a result