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News

Saudi Oil Exports Fall Below 7 Million Bpd In February

Saudi Oil Exports Fall Below 7 Million Bpd In February

Apr 18, 2019 at 14:06 | Tsvetana Paraskova

Saudi Arabia continued to slash its oil exports as this year progressed, with February crude shipments dropping by 227,000 bpd from January to just below 7 million bpd, as the…

Ocasio-Cortez Releases Puzzling Green New Deal Video

Ocasio-Cortez Releases Puzzling Green New Deal Video

Apr 18, 2019 at 12:17 | Irina Slav

Congresswoman Alexandria Ocasio-Cortez yesterday released a cartoon video with an overview of the Green New Deal she spearheaded in Congress in a bid to arrest the progress of what…

New Alberta Premier Directly Threatens B.C. Over Pipelines

New Alberta Premier Directly Threatens B.C. Over Pipelines

Apr 18, 2019 at 09:33 | Irina Slav

Alberta’s new Premier-designate Jason Kenney has wasted no time in launching his energy agenda: he plans to address British Columbia’s opposition to oil pipeline projects by threatening to turn off…

Venezuela Just Lost One of Its Largest Fuel Suppliers

Venezuela Just Lost One of Its Largest Fuel Suppliers

Apr 17, 2019 at 17:03 | Julianne Geiger

Spanish Repsol is suspending fuel shipments to Venezuela due to fears that it could violate the US sanctions against the Latin American nation, according to Reuters. The fuel was…

How Low Can It Go? Angola’s Oil Exports To Hit Decade Low In June

How Low Can It Go? Angola’s Oil Exports To Hit Decade Low In June

Apr 17, 2019 at 16:11 | Julianne Geiger

Production outages and maintenance are set to push Angola’s oil exports to a 13-year low, according to an industry source quoted by Reuters.  There are just 38 oil cargoes scheduled…

Kuwait Could Add 400,000 Bpd Heavy Oil Output By January 2020

Kuwait Could Add 400,000 Bpd Heavy Oil Output By January 2020

Apr 17, 2019 at 15:35 | Tsvetana Paraskova

Kuwait will start this year the first phase of a heavy oil field production, aiming to boost heavy crude output to 430,000 bpd from 60,000 bpd by January, the official Kuwait…

Hundreds Dead, Injured As Fighting Escalates In Oil-Rich Libya

Hundreds Dead, Injured As Fighting Escalates In Oil-Rich Libya

Apr 17, 2019 at 15:28 | Tsvetana Paraskova

Since eastern strongman General Khalifa Haftar ordered his self-styled Libyan National Army (LNA) to march on Tripoli, almost 180 people have died and 800 others have been wounded in…

Egypt’s Huge Fuel Subsidy Cuts Could Spark Protests

Egypt’s Huge Fuel Subsidy Cuts Could Spark Protests

Apr 17, 2019 at 14:12 | Tsvetana Paraskova

Egypt plans to slash fuel and electricity subsidies in its 2019/2020 financial year, the finance ministry’s draft budget shows, but raising fuel prices closer to international levels could turn out…

Why Aramco Wants In On India’s Largest Refining Company

Why Aramco Wants In On India’s Largest Refining Company

Apr 17, 2019 at 12:05 | Tsvetana Paraskova

Saudi Arabia’s oil giant Aramco is in “serious discussions” to buy up to 25 percent of the refining and petrochemicals businesses of India’s largest company, Reliance Industries, The Times of…

Guaido Wants Annulment Of ConocoPhillips Compensation

Guaido Wants Annulment Of ConocoPhillips Compensation

Apr 17, 2019 at 11:07 | Irina Slav

The President of Venezuela’s National Assembly and opposition leader Juan Guaido will try to win an annulment for an US$8.7-billion compensation awarded to U.S. supermajor ConocoPhillips by an arbitration court…

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