Iraq is playing a role to calm the situation but it is not a mediation.
Read More »Sanctions Bill on Nord Stream 2 Coming Soon
The opposition to Nord Stream 2 is still very much alive and well in the United States.
Read More »OPEC. Allies Reaffirm Commitment to A Balanced Oil Market
Average conformity has reached 120 percent since January 2019.
Read More »OPEC+ Job Isn’t Done as Oil Inventory Rising
The global inventories particularly in the U.S. inventories are high and are still rising.
Read More »Exxon Mobil Foreign Staff Evacuation Has Nothing to Do With Threats
Exxon Mobil withdrew all of its foreign staff. which amounted to around 60 people.
Read More »Saudi will Supply an Extra 2 Million Barrels a Month to Indian Oil Corp from July
India had bought about 300.000 barrels per day (bpd) of Iranian oil under the six-month U.S. sanctions waiver.
Read More »Exxon Mobil Evacuates Foreign Staff Out of Iraqi Oilfield
The evacuation has not affected production at the oilfield.
Read More »Iraq has Alternative Plans for Any Stoppage of Iran Gas Imports
Iraq plans to build a refinery with a capacity of 150.000 bpd near the northern city of Mosul.
Read More »US Targets Shippers for Bringing Venezuela Oil to Cuba
The United States last Friday imposed sanctions on two shipping companies for delivering Venezuelan oil to ally Cuba.
Read More »Putin Prepares to Withdraw Support for Maduro
PDVSA is trying to retool the upgrades to process a simpler form of heavy oil.
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