Energy News Beat Publishers Note (ENB): We have covered Iran’s oil production for a long time. They need cash, so they have been selling oil through “Spoofing and Doping” to get around the sanctions. With […]
The government has decided to reduce oil imports from Saudi Arabia by a whopping 36 per cent in May, news agency Reuters reported quoting sources. The decision comes even after the Kingdom supported the idea of boosting […]
The transaction, whose value was not disclosed, will leave Petrobras with 100pc of the FZA-M-57, FZA-M-59, FZA-M-86, FZA-M-88, FZA-M-125 and FZA-M-127 blocks, pending regulatory approval. BP did not immediately respond to a request for comment. […]
Energy News Beat Publishers Note: This meeting between Iran and the U.S. will be one to watch for several reasons. The sanctions placed on Iran have been taking their toll and disrupting cash flow for […]
Saudi Arabia on Sunday raised the ‘official selling price’, or OSP, of oil shipments to Asia in May but left the price for Europe unchanged, indicating the world’s largest crude exporter is unimpressed by India’s plan […]
State-run refiner Indian Oil Corporation (IOC) has made its first purchase of Norway’s Johan Sverdrup crude, buying four million barrels via a tender as it speeds up diversification of crude imports, two trade sources told Reuters on […]
Energy News Beat Publishers Note: In this article from Bloomberg there are some insightful nuggets regarding oil supply and demand. Recovery for demand is tied to the vaccination rate of the countries population. The supply […]
Saudi Arabia‘s energy minister took a cautious view of any increase in oil production as members of the OPEC cartel met Thursday with allied non-member countries to decide production levels. Speaking ahead of the meeting, Abulaziz bin Salman […]
Amid tensions with Saudi Arabia over oil production cuts, India has asked its state refiners to review contracts they enter into for buying crude oil from the Middle East nation and negotiate more favourable terms, […]
US energy secretary Jennifer Granholm spoke with Prince Abdulaziz ahead of today’s meeting and emphasised the importance of ensuring “affordable” energy for consumers. Brent crude prices have remained above $60/bl since early February. Rolling over […]
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