Russia’s state-controlled oil giant. Rosneft PJSC. is extracting concessions from crisis-ridden Venezuela to enter the offshore natural gas market on the cheap. a potential headache for the U.S. and Europe.
Read More »Iran. Ghana Sign MoU on Free Zones
Secretary of the Supreme Council of Iran'.s Free Trade. Industrial and Special Economic Zones Morteza Bank and the Executive Secretary of Ghana Free Zones Authority (GFZA) Michael Okyere Baafi signed MoU on developing economic exchanges.
Read More »Middle East Oil Shipping Rates Surge as US-Iran Tensions Grow
Rates for transporting 2 million barrel cargoes from Saudi Arabia to China has jumped to almost $26.000 a day.
Read More »Oil Heads for Weekly Rise as US-Iran Tensions Worsen
Oil in London headed for its biggest weekly gain since February as escalating tensions between the U.S. and Iran fanned fears of conflict that would disrupt energy supplies from the Middle East.
Read More »Europe Required to Buy Iran’s Crude
Europe is duty-bound to purchase Iranian crude to keep the nuclear deal alive. reminding that the European'.s offered INSTEX mechanism requires financing that should happen through crude revenues.
Read More »Tanker Attacks Hits Oil-Import Dependent Asia
Japan is the world’s fourth-largest consumer of oil — after the US. China and India.
Read More »Iran Nuclear Deal Implementation Only Logical. Correct Path
Under the JCPOA. Iran undertook to put limits on its nuclear program in exchange for the removal of nuclear-related sanctions imposed against Tehran.
Read More »UN Chief Urges Investigation into Gulf of Oman Attacks
UN Chief urged Friday an independent probe to investigate recent attacks on two oil tankers in the Gulf of Oman.
Read More »Jerry Jones Likens Natural Gas Deal to Dallas Cowboys Buy
Dallas Cowboys owner Jerry Jones is expanding his natural gas empire at what looks like the worst possible time. Intentionally.
Read More »Natural Gas Price Plunge Signals Greener Start for 2019 in U.S. and EU
Tumbling natural gas prices have set the power generation industries in the U.S. and Europe off to a greener start this year.
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