• 2 minutes U.S. Presidential Elections Status - Electoral Votes
  • 5 minutes “Cushing Oil Inventories Are Soaring Again” By Tsvetana Paraskova
  • 7 minutes United States LNG Exports Reach Third Place
  • 3 hours https://www.prageru.com/video/whats-wrong-with-wind-and-solar/
  • 2 hours The World Economic Forum & Davos - Setting the agenda on fossil fuels, global regulations, etc.
  • 8 mins Here it is, the actual Complaint filed by Dominion Voting Machines against Sydney Powell
  • 3 mins Joe Biden's Presidency
  • 1 day JACK MA versus Xi Jinping
  • 16 mins Is the Chinese CCP Following the Left's Leadership, or the Left Following the CCP's?
  • 6 hours CNN's Jake Tapper questions double amputee purple heart recipient GOP Rep's commitment to democracy. Tapper is a disgrace.
  • 23 hours Researchers Are Harvesting Precious Metals From Industrial Waste
  • 6 hours 'Get A Loan,' Commerce Chief Tells Unpaid Federal Workers
  • 10 hours Minerals, Mining and Industrial Ecology
  • 13 hours Do Republicans like Liz Cheney, Adam Kinzinger, Mitt Romney and now McConnell think voting for Impeachment can save the party ? Without Trump base what is the Republican constituency ? It's over.
  • 2 days Tonight Twitter took down Trump's personal account permanently. Trump responded on the POTUS account.
Ghana’s Political Meddling Could Derail Its Oil Boom

Ghana’s Political Meddling Could Derail Its Oil Boom

Ghana’s political interference in its…

Zainab Calcuttawala

Zainab Calcuttawala

Zainab Calcuttawala is an American journalist based in Morocco. She completed her undergraduate coursework at the University of Texas at Austin (Hook’em) and reports on…

More Info

New U.S. State Secretary Could Discourage Global Oil Output

Incoming State Secretary Mike Pompeo could change foreign policy in a way that could trigger the loss of 1.4 million barrels per day in global crude supply s

ence of reciprocal efforts by US allies, seem likely to shift Iranian crude volumes from low-risk-tolerance destinations to high-risk-tolerance destinations, changing flows without necessarily changing volumes," analysts with ClearView Energy wrote Tuesday.

Russia is moving in on both Venezuela and Iran to gain new allies in South America and the Middle East. A consortium of Russian and Iranian companies signed an agreement with Tehran to develop two oilfields located on the country’s border with Iraq this week, Iran’s second deal since the nuclear pact.

Russia’s state-run Zarubeznheft Oil Co. and Iran’s Dana Energy are the contract’s private signatories. Since the 2015 nuclear deal that reintroduced Iran to global oil markets, this is only the second international development deal that has reached fruition. Last year, the country signed a $5 billion agreement with France's Total SA and a Chinese oil company to develop a sizeable offshore natural gas field.

Since President Donald Trump’s inauguration, he has threatened on multiple occasions to scrap the deal entirely. Trump has begrudgingly waived sanctions on Iran multiple times so far, as he is required to do every few months as a way of recertifying the nuclear deal, officially known as the Joint Comprehensive Plan of Action (JCPOA). 

By Zainab Calcuttawala for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News