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Crude
Oil&Gas Drilling
Is the United States Really Energy Independent?
Like Iran, we have a refinery problem. Is the United States really energy independent? Is Iran? As the two nations inch toward confrontation, the complexity of …
Oil & Gas Trade
Saudi Arabia is Looking to Raise the Capacity of its East-West Oil Pipeline to 7 Million Bpd
Saudi Arabia, the world’s top crude oil exporter and the largest oil producer in OPEC, is one of the few oil producers in the Middle East that have some altern…
Oil & Gas Trade
Venezuela Opposition Divided by Proposal for Iraq-Style 'Oil-for-Food' Program
A proposal to modify U.S. oil sanctions on Venezuela to allow crude exports to be bartered for food has divided the country’s opposition between those who say …
Crude
The Extension of the OPEC+ Oil Production Cuts will Impact the Economies of Arab
The extension of the OPEC+ oil production cuts into 2020 will impact the economies of the key Arab oil producers, according to a quarterly Reuters poll of 30 ec…
Crude
Oil Prices Edged Higher Amid Lingering Concerns About Possible Supply Disruptions
Oil prices edged higher on Tuesday amid lingering concerns about possible supply disruptions in the Middle East, but an overall weaker demand outlook kept a lid…
Crude
China Trade War and the Growth of American Oil Supply will Keep Crude Prices in Check
China trade war and the growth of American oil supply will keep crude prices in check, not with standing Middle East tensions, according to the head of one of I…
Ghazanfar Group
The late Al-Hajj Abdul Ghafar Ghazanfar laid the foundation for the group. Many of the businesses that the group has opened or is currently running were all his…
Oil & Gas Trade
Japan will Continue Importing Crude Oil from the Middle East
Japan will continue importing crude oil from the Middle East despite escalating tensions in the Strait of Hormuz, but will also make efforts to diversify supply…
Oil&Gas Drilling
NOC Declared on Saturday Force Majeure on Sharara Crude Shipments
A field engineer said Libya’s Sharara field resumed production on Monday after it closed on Friday due to valve closure.
Crude
Crude Oil Futures Rising as Geopolitical Tensions Intensified
Buoyed by renewed supply concerns on mounting geopolitical tensions in the Middle East, after Iran seized a UK chemical tanker and briefly detained a UK-owned V…
Oil & Gas Trade
Millions of Barrels of Iranian Oil Are Piled Up in China’s Ports
Tankers are offloading millions of barrels of Iranian oil into storage tanks at Chinese ports, creating a hoard of crude sitting on the doorstep of the world’s…
Crude
China Imported 5 Million Tonnes of Crude Oil From Myanmar
China imported 5 million tonnes of crude oil via the China-Myanmar oil and gas pipeline in the first half (H1), up 2.7 percent year on year, hellenicshippingnew…
How the Global Energy Transitions Affects the Nigerian Economy ?
Major energy consuming economies, which constitute major markets for petroleum products are realigning their energy policies and economies in favor of low carb…
Oil&Gas Drilling
An Canadian Oil Platform Spilled Nearly 3,200 Gallons of an Oil-water Mix into the Atlantic Ocean
An oil platform off the Canadian island of Newfoundland spilled nearly 3,200 gallons of an oil-water mix into the Atlantic Ocean, and efforts were underway to…
Crude
US Crude Inventories Fell 3.1 Million Barrels, the EIA Said
Oil prices steadied on Thursday after falling in the previous session when official data showed United States (US) stockpiles of products like gasoline rose sha…
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