Oil

Timing may reflect the White House’s concern over a tight oil market.

Saudi Arabia might be seeking to expand its oil production by building an oil port in Yemen’s al-Mahra governorate.

Iran is keen to keep its single biggest oil customer—China—when U.S. sanctions on Iranian oil exports kick in later this year.

Turkey imports 10 billion cubic meters of gas from Iran.

Iran told OPEC on Sunday no member country should be allowed to take over another member'.s share of oil exports.

President Trump earlier this year announced the U.S. is re-imposing sanctions on Iran that will include Iranian oil sales.

Iran and China. along with Russia and Turkey. are drawing closer due to the intertwined issues of geopolitics and energy.

The MOU provides for Chevron to conduct surveys and studies on oil sites.

Short-cycle U.S. shale production is growing and will grow next year too.

Over the past week Libya’s crude oil production has exceeded 1 million bpd for the first time since June.