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A Crude Restructuring: How America's Shale Revolution Changes the Oil Market in the Middle East
In the first week of January 2020, US special forces executed a strike killing the leader of Iran’s foreign paramilitary arm, Qasem Soleimani, and raised the a…
Oil & Gas Trade
Eastern Libya Halts More Than Half the Country's Oil Output
Eastern Libya ports controlled by commander Khalifa Haftar, who is trying to seize the capital Tripoli, are shutting down oil exports, slashing national crude o…
Crude
Guyana celebrates first oil
THE Yannis P, a Marshall Islands-registered crude oil tanker will this weekend lift the first one million barrels of crude from the Stabroek Block offshore Guya…
Crude
Guyanese Lab Tech was First to Test Guyana’s First Oil
The ExxonMobil company has announced that Guyanese laboratory technician, Shivnarine Outar was the first person to test the first sample of Guyanese crude oil a…
Oil & Gas Trade
India May Significantly Boost U.S. Oil Imports
India and the United States will discuss India’s energy security and the Asian country buying increased volumes of U.S. crude oil when U.S. President Donald Tr…
Crude
Saudi Aramco Mulls Offshore Oil Expansions
The major expansions at Saudi Aramco’s offshore oil fields of Marjan, Zuluf, Safaniyah and Berri are expected to comprise the majority of the company’s upstre…
Market Analysis
Venezuela Oil Flow to Hit 2mn b/d in 2020: Maduro
Venezuela's crude production will more than double to 2mn b/d in 2020, the Opec country's president Nicolas Maduro said in an annual national address.
Oil & Gas Trade
India Exploring Ways to Source Crude Oil from Russia: Pradhan
India is exploring ways to source crude oil from Russia, Oil Minister Dharmendra Pradhan said. “We are working on the strategy to diversify our crude oil suppl…
Oil & Gas Trade
India, Russia Initiate Talks for Long-Term Oil Supply
India and Russia have begun negotiations on an agreement for long-term assured supplies of crude oil, especially from Russia’s Far East region, as New Delhi lo…
Crude
China’s Top Oil Firm Sees Demand Growth Cut in Half in 2020
The world’s biggest oil import market could see demand growth in 2020 of just half of last year’s levels as the trade war’s ripple effects continue to be fel…
Adnoc Signs $23bn Energy Deals With Indonesia's Pertamina And Chandra Asri
Abu Dhabi National Oil Company signed a preliminary agreement with Indonesia's Pertamina and Chandra Asri to explore the possibility of developing a crude-to-pe…
Crude
Crude Falls after Trump Says Iran ‘Appears to be Standing Down’
Crude oil prices continued to fall Wednesday after President Trump said Iran is standing down in the Middle East and the U.S. will impose new sanctions on the n…
Crude
Crude Oil Jumps as Markets Dip on Iran’s Missile Assault Against US
Oil prices jumped to their highest in months on Wednesday after Iran attacked American forces in Iraq in response to a U.S. strike that killed an Iranian genera…
Oil Falls As Middle East Anxieties Ebb for Now
The front-month contract for Brent crude North Sea oil was last seen down USD 0.73 at USD 68.18/bbl – off Monday’s three-month high – while the WTI equivalen…
Oil & Gas Trade
Russia to Resume Limited Oil Supplies to Belarus Amid Talks
Belarus has reached an agreement with Russia for limited oil supplies after Moscow earlier this week stopped supplying crude amid stalled talks on strengthening…
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