Ambassadors of the UK. Germany and France in a statement stressed delivering the first transaction of the Instrument in Support of Trade Exchanges (INSTEX).
Read More »Explosions Hit Two Large Oil Tankers in Sea of Oman
The area is near the Strait of Hormuz. a strategic waterway through which nearly one-third of all oil traded by sea passes.
Read More »There is Difficulties on Iran-Pakistan Pipeline over US Sanctions
The pipeline. which is currently under construction. is expected to deliver gas from Iran to Pakistan.
Read More »Iran Calls Oil Tanker Incidents `Suspicious`. Wants Regional Talks
Iran’s proposed Regional Dialogue Forum is imperative.
Read More »Trade Disputes. Geopolitics. Rising Non-OPEC Supply Make for Challenging 2H19
OPEC pumped 29.88 million b d in April. according to an average of the secondary sources used to monitor output.
Read More »OPEC Cuts 2019 Oil Demand Growth Forecast
World oil demand will rise by 1.14 million barrels per day this year. 70.000 bpd less than previously expected.
Read More »Saudi Aramco will Host Its First Earnings Call
Aramco is a linchpin in the plan to overhaul the Saudi economy by developing new industries and bringing in foreign investors to fuel growth.
Read More »Trump says he’s considering sanctions to block Nord Stream 2
President Donald Trump said he’s considering using U.S. sanctions to stop construction of the Nord Stream 2 gas pipeline between Russia and Germany.
Read More »Goldman Sees Hard Path to OPEC Extension for Russia. Saudis
Stockpiles are currently at the highest level since mid-2017. according to Energy Information Administration data.
Read More »Total Starts Production in Culzean Field. Offshore UKCS
Total has started production in the Culzean gas condensate field. on Block 22 25a. 230 km off the coast of Aberdeen.
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