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Venezuela Forced To Shut Down Production As Operations Fall Apart

Venezuela Forced To Shut Down Production As Operations Fall Apart

Venezuela’s economic, social and political…

Global Energy Advisory – 22nd June 2018

Global Energy Advisory – 22nd June 2018

Bottlenecks in the Permian are…

News

China Set To Cut U.S. Oil Imports As Trade War Heats Up

China Set To Cut U.S. Oil Imports As Trade War Heats Up

Jun 21, 2018 at 12:29 | Tsvetana Paraskova

Chinese oil customers plan to reduce their intake of U.S. crude oil from September onwards to avoid a possible import tariff on American oil in China, due to the uncertain…

Saudi Aramco Clears Another IPO Hurdle

Saudi Aramco Clears Another IPO Hurdle

Jun 21, 2018 at 12:06 | Irina Slav

Saudi Arabia has cleared another hurdle on its way to successfully launching Aramco’s initial public offering after MSCI granted it emerging market status in its latest review, Morningstar reports.…

Saudis Hint Aramco IPO Could Slip Beyond 2019

Saudis Hint Aramco IPO Could Slip Beyond 2019

Jun 21, 2018 at 12:01 | Tsvetana Paraskova

The initial public offering of Saudi oil giant Aramco—which has already been likely pushed to 2019 from the second half of 2018—could be postponed even further, for after 2019, comments…

UN Official Calls On OPEC To Join Energy Transition

UN Official Calls On OPEC To Join Energy Transition

Jun 21, 2018 at 10:31 | Irina Slav

OPEC should join climate change fight efforts and prepare for the global energy transition away from oil, the executive secretary of the UN’s Framework Convention on Climate Change said in…

Libya Desperate To Get Stranded Oil To Market

Libya Desperate To Get Stranded Oil To Market

Jun 21, 2018 at 09:50 | Irina Slav

Libya is looking for ways to get hundreds of thousands of barrels of crude oil to international markets after fighting shut down its two biggest export terminals, Es Sider and…

Musk: Germany Favorite To Host European Tesla Gigafactory

Musk: Germany Favorite To Host European Tesla Gigafactory

Jun 20, 2018 at 17:51 | Tsvetana Paraskova

Germany is a leading choice for a possible future Tesla Gigafactory in Europe, Elon Musk said on Tuesday. “Germany is a leading choice for Europe. Perhaps on the German-French border…

Pioneer Sees Oil At $100 Should OPEC Fail To Increase Production

Pioneer Sees Oil At $100 Should OPEC Fail To Increase Production

Jun 20, 2018 at 17:32 | Tsvetana Paraskova

Pioneer Natural Resources chairman Scott Sheffield—who is in Vienna for an international OPEC conference—warned that oil prices could jump to $100 a barrel if the cartel and friends don’t boost…

Niger Delta Militants Threaten Nigerian Oil Facilities

Niger Delta Militants Threaten Nigerian Oil Facilities

Jun 20, 2018 at 16:35 | Tsvetana Paraskova

A relatively unknown group in the Niger Delta is threatening to stop production at oil facilities of the Nigerian Agip Oil Company (NAOC) in the area, saying that a…

Saudi Arabia Intercepts Houthi Missile Targeting Aramco Facility

Saudi Arabia Intercepts Houthi Missile Targeting Aramco Facility

Jun 20, 2018 at 15:54 | Tsvetana Paraskova

Saudi Arabia has intercepted a ballistic missile that the Iran-aligned Houthi rebels claimed to have fired at an Aramco facility, Saudi state television reports. Houthi-run media outlet Almasirah

Mexico Announces Bid Terms For Next Oil Tender

Mexico Announces Bid Terms For Next Oil Tender

Jun 20, 2018 at 15:27 | Irina Slav

Mexico’s National Hydrocarbons Commission has announced the bid terms for the September 27 oil and gas tender, which will offer 37 onshore blocks, Reuters reports. The terms include a…

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