Saudi Arabia’s push to convene an emergency OPEC+ meeting next month. bringing forward a gathering scheduled for March. ran into resistance from its key oil-market ally. Russia.
Read More »Cyberattacks Linked to Iran Appear to Target Bahrain Petroleum Co.
An Israeli cybersecurity firm has identified a new type of ransomware that it believes was created by Iran and has the ability to lock up or even delete industrial control systems.
Read More »OPEC may Meet Early as Coronavirus Impacts Oil Prices
OPEC members are considering holding an emergency meeting next month. as oil prices sink on concern the coronavirus outbreak will hit demand.
Read More »Venezuela Weighs Privatizing Oil in Face of Economic Free Fall
Venezuelan President has proposed giving majority shares and control of its oil industry to big international corporations. a move that would forsake decades of state monopoly.
Read More »U.S. to Extend Four Sanctions Waivers On Iran Nuclear Program
The Trump administration intends to extend sanctions waivers allowing limited work on Iran’s civil nuclear program for another 60 days.
Read More »New U.S. Limits on Huawei Suppliers Coming Soon. Ross Says
Commerce Secretary Wilbur Ross said new rules are coming soon that will put more limits on U.S. companies supplying China’s telecommunications leader Huawei Technologies Co.
Read More »$6 Million Bribes Helped to Win Iraq Oil Deals. Prosecutors Say
Maneuvering. manipulation and $6 million in bribes helped oil companies win contracts with Iraq in the aftermath of Saddam Hussein’s reign. U.K. prosecutors said.
Read More »Goldman Says Palladium May Surge to Test $3.000. Then Slide
Palladium’s extraordinary rally has the potential for prices to go on and test $3.000 an ounce. according to Goldman Sachs Group Inc.’s.
Read More »Oil Shutdown a Bullet in the Head. Says Libyan Central Bank
Libya’s Central Bank Governor Sadiq Al-Kabir called on the international community to help end a week-long shutdown of oil ports by eastern military commander Khalifa Haftar. likening the closures to a bullet in the head.
Read More »Brazil Stays out of OPEC to Maximize Its Output Expansion
Petrobras has a lot of oil and lot of areas to exploit. but it doesn’t have enough funds to prospect all these areas.
Read More »