International

The Chinese customs department revealed that Iraq’s oil export to China had dropped in December 2021. The department’s statist showed that Iraq’s oil export decreased by 49,6% reaching 3.826 million barrels. However, the exports were up by 79.7% from the same month last year (2.130 million barrels). Iraqi oil export …

OPEC and its allies will meet on Sunday, the latest sign that a standoff between Saudi Arabia and the United Arab Emirates has been resolved. Oil ministers will meet at noon Vienna time and hold a press conference afterwards, the group confirmed. Officials have said privately in recent days that …

If you’ve unlocked some recent International Energy Agency (IEA) data for a few thousand dollars, it could be the last time you are required to do so. The IEA is suggesting that it could make all its data and analyses free and available to all, Quantum Commodity Intelligence reported on …

The United States became the world’s largest exporter of liquefied natural gas in December as deliveries of the superchilled fuel to energy-starved Europe surged. According to Bloomberg calculations, the U.S. dethroned Qatar as the top LNG exporter in the world after a substantial jump in LNG production from Cheniere Energy’s …

The Russian gas pipeline Nord Stream 2 may not pass the EU certification procedure, said Russian Deputy Foreign Minister Alexander Pankin, reports RIA Novosti. According to him, the certification process may last many months until the summer of 2022. At the same time, the U.S. may impose new sanctions which …

OPEC chose veteran Kuwaiti oil executive Haitham al-Ghais to become the organization’s top diplomat, as the group and its allies navigate a delicate recovery from the pandemic. Al-Ghais – a multilingual technocrat whose three-decade oil industry career includes stints in Beijing and London – will become Secretary-General in August, taking …

The Energy Information Administration (EIA) Data showed, on Saturday, that Iraq exported 268 million bpd of oil to the United States in the past week. EIA stated in a report, “U.S. imports oil 6.170 million bpd in the past week.” The top three source countries of U.S. import oil are …

Rising power costs in Europe, almost wholly down to the cost of natural gas, resulted in reduced output at Europe’s largest aluminum smelter, Aluminium Dunkerque Industries France. Losses there ballooned to €20 million ($22 million) during November, as natural gas prices quadrupled this year. Most aluminum smelters operate on long-term …

The OPEC+ group will likely proceed with its oil production policy of the past few months by deciding next week to add another 400,000 barrels per day (bpd) to its collective output quota, OPEC+ and Russian sources told Reuters this week. OPEC and its Russia-led non-OPEC partners in the OPEC+ …

Iraq will scale up oil exports in January to 3.3 million barrels per day (bpd), Minister of Oil Ihsan Abdul-Jabbar Ismail said. Ismail’s remarks came during a press conference he held earlier today, Thursday. The Minister explained Iraq is committed to OPEC’s gradual production raises of 40,000 barrels to its …