Parvin Faghfouri Azar

India’s Covid Crisis Threatens a Global Oil Recovery

India, the world’s third-largest oil consumer behind the US and China, was meant to be a major driver of oil’s demand recovery as economies reopened. But the country’s devastating health crisis has made that impossible. Everyone from oil traders to the world’s biggest producers are panicking. Indian Prime Minister Narendra …

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Iraq Aims to Finalize Exxon Oil Sale by June

Iraq aims to finalize the sale of Exxon’s stake in the West Qurna-1 oil field by the end of June even after rival U.S. supermajor Chevron Corp. rejected overtures to buy the position. Basra Oil Co., the state-run company overseeing crude production in the region, may open talks with more …

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