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Weak Oil Demand Set To Keep Crude Tanker Rates Low

Crude oil tanker rates—which fell in September to their lowest since 2003 on the key route from the Arabian Gulf to Asia—are expected to remain…

Lockdown Impact on Offshore UK Oil Workers

The number of workers on oil and gas installations offshore UK decreased by around 4,000 as the UK went into lockdown in March this year,…

Trump mulls executive order on fracking

Trump is considering issuing an executive order to require an economic analysis of hydraulic fracturing, or fracking, according to several people familiar with the matter,…

Venezuela’s Oil Stocks On The Rise As Exports Fall

Oil inventories at the port of Jose have reached 11.8 million barrels, which is the highest since August, Reuters reports, citing a PDVSA document. The…

Construction of Bulgarian Part of Turkish Stream Should Be Completed on December 15

Completion of work on the construction of new gas transmission facilities in Bulgaria, through which gas from Russia through Turkey should come to Serbia, is…

Western Canada Oil Production Rebounds As U.S. Oil Stagnates

Most of Western Canada’s oil production has been restored, according to the Canada Energy Regulator, but U.S. oil producers haven’t had as much luck Both…

Chinese Energy Giant CNOOC Reports Major Drop In Revenue

CNOOC, the Chinese state energy giant focused on offshore and overseas exploration and production, reported a 27-percent drop in revenues for the third quarter, as quoted…

Iraq Sees Oil Prices Recovering In Q2 2021

Oil prices are set to recover beginning in the second quarter next year, helping Iraq’s oil industry and its plans to increase production capacity, Iraqi…

Nigeria Repays Dues To Oil Majors

The Nigerian National Petroleum Corporation (NNPC) has repaid most of the arrears it owes to international oil companies for joint venture operating expenses, recently repaying…

US Extended Sanctions on Nord Stream 2 Project

The US administration has expanded restrictive measures against the Nord Stream 2 gas pipeline project in order to prevent its construction from being completed, The…

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