NEW DELHI: Iraq has reduced annual supplies of Basra crude oil to several Indian refiners by up to 20 per cent for 2021, industry sources said, in a rare move by OPEC’s second-largest producer which is trying […]
It may be the oil market’s worst-kept secret: millions of barrels of Venezuelan heavy crude, embargoed by the U.S., have been surreptitiously going to China. The cat-and-mouse games that avoid detection and sanctions include ship-to-ship transfers, […]
There are three major troubling factors for new U.S. President Joe Biden. In the recently agreed US$2 billion five–year prepayment oil supply deal between the Federal Government of Iraq (FGI) in Baghdad and China’s Zhenhua […]
Iraq announced two deals with countries that Iran hopes can be gradually moved further into its sphere of influence. One of the two, Lebanon, is already seen by Tehran as a key player in the […]
Energy News Beat Publishers Note: This is an interesting story as it relates to OPEC, Russia and Kurdistan. Update: On Wednesday, three days after our original story published, Kamal al-Atroshi was confirmed by Kurdistan’s Parliament […]
Energy News Beat Publishers Note: With the wild ride on OPEC meetings this week, this news is going to make it tougher for OPEC to control the members quotas for production. Therefore making the pricing […]
Gulf Keystone Petroleum, a leading independent operator and producer in the Kurdistan Region of Iraq, has announced that the planned workover on the SH-12 well has been completed safely. Jón Ferrier, Gulf Keystone’s Chief Executive Officer, said: […]
Copyright © 2026 | Sandstone Group