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Libya’s National Oil Corporation (NOC) declared force majeure on loadings from Zueitina and Hariga ports on Monday.
Read More »Oil Price Soar after Libyan Force Majeure on Oil Exports
Saudi Arabia Pumped 10.488 Million bpd of Oil in June
The total amount of oil Saudi Arabia supplied to the market in June was around 10.579 million bpd.
Read More »Iran Says Trump`s Tweets have Added $10 to Oil Prices
Trump was trying to intensify tensions between Iran and Saudi Arabia.
Read More »Saudi Aramco Changes Asia Crude Oil Price Formula
The world’s third largest crude oil supplier currently produces about 10 million bpd and has the capacity to produce 12 million bpd.
Read More »Nigeria has Taken a Huge Leadership Role in OPEC
Nigeria has historically assumed a strong. proactive leadership role in OPEC.
Read More »Khalifa Haftar has Some Conditions before Reopening Oil Ports
Five conditions are needed to solve the crisis to get it over with the terrorist groups.
Read More »TANAP will Support Regional Trade. Improve Connectivity
The Trans Anatolian Natural Gas Pipeline (TANAP) will support regional trade and improve connectivity.
Read More »Iran Only Import Goods from Countries that Buy Its Oil
Iran is OPEC'.s second-largest crude exporter with more than 2 million barrels a day.
Read More »US Determined to Cut Iran Oil Exports to Zero
The US ultimatum has also contributed to upward pressure on world oil prices.
Read More »Azerbaijan may Refuse Electricity Imports from Russia
Azerbaijan abandons plans to increase electricity imports from Russia.
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