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Is Iraq Too Risky For Oil Majors?

Is Iraq Too Risky For Oil Majors?

Description: Tensions in Iraq seemed…

This Shale Giant Is Ready For A Rebound

This Shale Giant Is Ready For A Rebound

Occidental Petroleum has come under…

News

UN: Houthis Didn’t Launch Attacks On Aramco

UN: Houthis Didn’t Launch Attacks On Aramco

Jan 09, 2020 at 09:28 | Irina Slav

The Houthi rebels in Yemen were not the ones who launched the drone and missile attack on Saudi oil infrastructure last September, a confidential report from the UN has revealed.…

Wildcat Well Comes Up Dry In Norwegian Sea

Wildcat Well Comes Up Dry In Norwegian Sea

Jan 08, 2020 at 15:12 | Tsvetana Paraskova

German energy group Wintershall Dea found no gas in the second wildcat exploration well that it has drilled in one license in Norway’s Norwegian Sea, after it found gas at…

Russia’s Putin, Turkey’s Erdogan Launch TurkStream Gas Pipeline

Russia’s Putin, Turkey’s Erdogan Launch TurkStream Gas Pipeline

Jan 08, 2020 at 12:27 | Tsvetana Paraskova

The Presidents of Russia and Turkey, Vladimir Putin and Recep Tayyip Erdogan, respectively, officially launched on Wednesday the TurkStream natural gas pipeline designed to ship Russian gas to Turkey…

Nigeria Rescues Foreigners Kidnapped In Oil-Rich Delta

Nigeria Rescues Foreigners Kidnapped In Oil-Rich Delta

Jan 08, 2020 at 11:16 | Tsvetana Paraskova

Nigeria’s Navy has rescued three foreigners kidnapped in the oil-rich Niger Delta last week, the Navy said on Wednesday. A Nigerian Navy team rescued the two Russians and one…

Shareholders Want Barclays To Quit Funding Fossil Fuel Companies

Shareholders Want Barclays To Quit Funding Fossil Fuel Companies

Jan 08, 2020 at 11:01 | Irina Slav

A group of Barclays shareholders has demanded that the banking major stop providing financing to oil and gas companies, and power utilities, whose business is not in tune with the…

Saudi Tanker Group Halts Strait Of Hormuz Route

Saudi Tanker Group Halts Strait Of Hormuz Route

Jan 08, 2020 at 10:31 | Tsvetana Paraskova

Amid the rising tension in the Middle East, Saudi Arabia’s tanker and logistics group Bahri has suspended transits through the Strait of Hormuz, the world’s most important oil chokepoint which…

Iraq Knew The U.S. Attack Was Going To Happen

Iraq Knew The U.S. Attack Was Going To Happen

Jan 08, 2020 at 09:10 | Tsvetana Paraskova

Iraq said on Wednesday that it had been notified by Iran that Tehran had launched a retaliatory strike against U.S. troops in Iraq to avenge the killing of top…

Oil Prices Soar As Iran Fires Missiles At U.S. Base

Oil Prices Soar As Iran Fires Missiles At U.S. Base

Jan 07, 2020 at 18:07 | Tom Kool

In what appears to be its first retaliation strike, Iran has claimed to have fired tens of ground-to-ground rockets at the Ain al-Assad military base in Iraq.…

Soaring Gasoline, Distillate Inventories Offset Large Crude Draw

Soaring Gasoline, Distillate Inventories Offset Large Crude Draw

Jan 07, 2020 at 15:50 | Julianne Geiger

The American Petroleum Institute (API) has estimated a large crude oil inventory draw of 5.95 million barrels for the week ending January 3, compared to analyst expectations of a smaller…

U.S. Oil Boom Suppressed Oil Prices In 2019

U.S. Oil Boom Suppressed Oil Prices In 2019

Jan 07, 2020 at 15:00 | Tsvetana Paraskova

Rising U.S. crude oil production weighed on oil prices throughout 2019, and combined with the weak demand growth last year, booming American oil output resulted in lower average oil prices…

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