Libya’s oil production has been reduced by 252,000 barrels per day – the country’s National Oil Corporation (NOC) announced yesterday (28 March). Oil output from
Category: Geopolitics
Market Update: Future of OPEC Oil Output Freeze Extension Unclear
New production projects and a fresh shale boom are likely to boost oil production by a million barrels per year and result in an oversupply
Market Update: OPEC’s Output Cut Not Working as Expected
OPEC’s efforts to tame global oversupply of oil and gas have so far had a little effect as demonstrated by the fact that Asia is
Exxon Invests in Mozambique, Creating Gateway for Asian Markets
Exxon Mobil Corporation, the world’s biggest publicly traded oil producer, will pay Italy’s Eni $2.8 billion for a 25 percent stake in a massive Mozambique
Oil Geopolitics: Ukraine and Poland Team Up Against Gazprom
Ukrainian state-run energy company Naftogaz is planning to join the Polish gas company PGNiG in a court case questioning the European Union’s decision to provide
United States’ Iraqi Oil Dilemma: Seize or Not Seize It
The United States is not going to Iraq to seize oil, US Defense Secretary Jim Mattis stressed earlier this week, prior to his visit to
Iran Boosts Output and Readies for Foreign Investment Despite Trump’s Moves
Iran has announced that it would start working on new deals to develop oil and natural gas fields in mid-February – a move that will
Climate Change Shock: Abandoned by US, EU Turns to China
The European Union is starting to look to China to fill in the international leadership vacuum after the United States’ retreat from global efforts to
Market Update: Oil Freeze Hard to Keep as Prices Sink Again
Oil prices went down earlier this week after Libya, which has an exemption from output cuts, had increased its production by more than a factor
Iran’s Comeback: Teheran Luring International Oil Giants
Iran has granted 29 energy firms from more than a dozen countries a permission to bid for oil and gas projects using the new, less