The U.S. airstrike that killed a powerful Iranian general and heightened tensions in the oil-rich region could boost the fortunes of troubled North American energy companies.
Read More »Mexico Hedges 2020 Crude Oil Exports at $49 Per Barrel
Mexico’s government hedged oil exports for this year at an average $49 a barrel. locking in protection against low crude prices.
Read More »OPEC Output Falls as Gulf Nations Step Up Delivery of Oil Cuts
OPEC’s output declined last month as several Persian Gulf producers stepped up their implementation of cutbacks aimed at balancing global oil markets.
Read More »Oil Industry Braces for More Mideast Turmoil After Soleimani Killing
The U.S. assassination of one of Iran’s most powerful generals has the oil industry bracing for something it has long feared and anticipated.
Read More »Oil Caps Strongest Year Since 2016 on OPEC Cuts. Trade Truce
Oil in New York capped its biggest annual increase since 2016. as OPEC’s production cuts tempered supplies while a trade pact between the U.S. and China.
Read More »Iran Looks to Boost Offshore Oil Production by 85.000 Bpd
Iran continues to export oil. especially to China.
Read More »Operations Resume At Iraq’s Nassiriya Oil Field
Operations resumed at Iraq'.s southern Nassiriya oil field on Dec. 30.
Read More »Oil Products Exports from Bahonar Port Increase 69% Year-on-Year
in a nine-month period as of March 21. 2019. some 64.337 tons of oil products have been exported from Bahonar port in south Iran.
Read More »OPEC+ may Consider Ending Production Cuts in 2020
Russia agreed to expand its 228.000 bpd in cuts by an additional 70.000 bpd for a total of about 300.000 bpd.
Read More »Libya’s Largest Oil Refinery Faces Closure amid Clashes
Libya’s largest functioning refinery in Zawiya is located around 49 kilometers (30 miles) from the capital. Tripoli.
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