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Rosneft Boss Wants Russia Out Of OPEC Deal

Rosneft Boss Wants Russia Out Of OPEC Deal

Rosneft’s chief executive Igor Sechin…

Markets Impressed By Extra Saudi Production Cuts

Markets Impressed By Extra Saudi Production Cuts

Saudi Arabia’s commitment to the…

Oil Market Tightens On OPEC Cuts

Oil Market Tightens On OPEC Cuts

Oil prices rose on Tuesday…

News

Yemen Eyes Exports Of 75,000 Bpd This Year

Yemen Eyes Exports Of 75,000 Bpd This Year

Feb 11, 2019 at 09:32 | Irina Slav

Yemen’s Saudi-backed government has plans to export crude oil at a rate of 75,000 bpd this year, according to oil minister Aws Abdullah al-Awd, who spoke to Reuters. “We…

Saudi Oil Tanker “Accidentally” Heads To Venezuela

Saudi Oil Tanker “Accidentally” Heads To Venezuela

Feb 08, 2019 at 16:48 | Tsvetana Paraskova

A very large partially loaded oil tanker from Saudi Arabia is heading to Venezuela in an extremely rare shipment between the two oil producers and OPEC members, S&P Global…

Japan To Boost Energy Cooperation With Russia

Japan To Boost Energy Cooperation With Russia

Feb 08, 2019 at 16:33 | Tsvetana Paraskova

Amid growing uncertainties on the global oil market, Japan is looking to boost its energy cooperation with Russia, and international sanctions on Moscow don’t prohibit cooperation, Japan’s Economy, Trade and…

Kazakhstan Delays Oil Firm’s IPO Amid Worsening Market Conditions

Kazakhstan Delays Oil Firm’s IPO Amid Worsening Market Conditions

Feb 08, 2019 at 15:42 | Tsvetana Paraskova

Kazakhstan has postponed the listing of its state oil and gas firm KazMunayGas (KMG) until after 2019, due to worsening market conditions and Brexit uncertainty that could dampen investor appetite…

Oil Workers Exodus Could Complicate Efforts To Reverse Venezuela’s Collapse

Oil Workers Exodus Could Complicate Efforts To Reverse Venezuela’s Collapse

Feb 08, 2019 at 13:32 | Tsvetana Paraskova

Not only ordinary Venezuelan people have been fleeing poverty and hyperinflation in the Latin American country in recent years. Oil workers are also leaving their poor-paying jobs in the country…

House Committee Approves Anti-OPEC Bill

House Committee Approves Anti-OPEC Bill

Feb 08, 2019 at 11:04 | Irina Slav

A committee from the House of Representatives has approved a bill aimed at making OPEC members liable to U.S. antitrust legislation, Reuters reports, adding the prospects of the bill…

Venezuela Mixes Heavy With Light Crude As Imports Slump

Venezuela Mixes Heavy With Light Crude As Imports Slump

Feb 08, 2019 at 09:33 | Irina Slav

Venezuela’s PDVSA has begun mixing its extra heavy crude with locally produced light oil as imported diluents from the United States are now hard to come by, Reuters reports,…

EIA: Venezuela Oil Sanctions Unlikely To Significantly Impact U.S. Refiners

EIA: Venezuela Oil Sanctions Unlikely To Significantly Impact U.S. Refiners

Feb 07, 2019 at 17:46 | Tsvetana Paraskova

The U.S. sanctions on Venezuela’s oil industry and state oil firm PDVSA are unlikely to have a significant impact on the refinery runs of the U.S. refiners, the Energy Information…

Keystone Oil Pipeline Partly Shut To Investigate Possible Leak

Keystone Oil Pipeline Partly Shut To Investigate Possible Leak

Feb 07, 2019 at 17:25 | Tsvetana Paraskova

A part of TransCanada’s Keystone oil pipeline, the crucial route carrying crude oil from Canada’s Alberta province to U.S. refineries, has been shut down for investigation of a possible leak…

U.S. Tells Iran’s Oil Customers Not To Expect New Waivers

U.S. Tells Iran’s Oil Customers Not To Expect New Waivers

Feb 07, 2019 at 17:14 | Tsvetana Paraskova

Iran’s oil customers should not expect new U.S. waivers in May, the U.S. Special Representative for Iran, Brian Hook, said this week, urging buyers to stop importing Iranian oil. “What…

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