SPR releases are a short-term solution but they do buy some time for OPEC countries to bring additional spare-capacity on line.
Read More »Vitol will Stop Business with Iran after U.S. Sanctions Start
Some traders are forecasting that the sanctions could remove up to 1.5 million barrels per day of crude from the market.
Read More »Schlumberger Launches New Zonal Isolation Technology
The CemFIT Shield system improves zonal isolation in long horizontal wells to ensure efficient hydraulic fracturing.
Read More »Germany Mulls Building LNG Plant
Trump pushed US LNG exports as crucial to increasing European energy security.
Read More »Iran: OPEC Meeting was Negative Response to Trump
The U.S. seeks to reduce Iranian oil exports to zero even for a month.
Read More »Trump`s Tweets Lift Oil Prices
The Trump administration is pushing politics into the OPEC.
Read More »Washington can`t Replace Russian Gas with American LNG
The current market conditions are not favorable for the US.
Read More »US Shale. Next Casualty in China Trade Dispute
LNG prices in Asia are likely to remain largely unaffected for now.
Read More »U.S. energy secretary tells Russia not to use energy as weapon
The Trump administration welcomes competition with Russia. but Moscow can no longer use energy as economic weapon.
Read More »U.S. Sanctions on Iran will Disable Iraq
For Iraq. which did $12 billion in trade with Iran last year. the impact would be particularly dire.
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