An Oil and Petroleum Company
WASHINGTON—The oil industry’s top lobbying group will push Congress for legislation to price carbon emissions across the economy, in a sharp policy turnabout a decade after the industry helped kill a similar effort to address climate change. The board of directors of the American Petroleum Institute, one of Washington’s most powerful trade associations, which for […]
Oil Lobby Backs Climate Action Plan Read More »
(Bloomberg) –If the first initial public offering of a U.S. shale driller in four years is any indication, Wall Street is still souring on the U.S. oil and gas patch. Even a natural gas explorer backed by private-equity giant Blackstone Group Inc. couldn’t raise the capital it had expected. Vine Energy Inc. sold 21.5 million
Wall Street’s fading oil and gas interest revealed in new shale IPO Read More »
Nationwide oil exports increased to 3.395 million barrels per day (bpd) in February, up from 3.266 million bpd the month before, according to an Iraq Oil Report analysis of data from Iraq’s Oil Marketing Company and other industry officials. * As global oil prices surged, Iraq benefited last month from the biggest monthly oil revenue haul since
Iraqi crude exports rise 4 percent in February Read More »
Just after global oil demand crashed by 20 percent in April, analysts predicted that consumption would recover in the second half of 2020 and, supported by the OPEC+ production cuts and U.S. curtailments, would help the oil market to rebalance. By July, oil demand had recouped most of the losses incurred during the second quarter, but
What Is Slowing The Oil Market Recovery? Read More »
UPDATE: This story has been updated to include comments from the U.S. State Department, which were provided shortly after initial publication. The U.S. government has shortened the duration of a new sanctions waiver allowing Iraq to continue energy imports from Iran — a sign of enduring tensions between Baghdad and Washington. The new 60-day waiver
New 60-day sanctions waiver reflects ongoing U.S.-Iraq tension Read More »
Following US visit, Iraqi premier looks to implement $8 bil energy deals Biden presidency may be more lenient towards Iranian energy imports Iraq, OPEC’s second-largest oil producer, relies on Iran for gas and electricity US President Donald Trump has been eager to support Kadhimi as he tries to rebuild the country after years of war
Iraq forges US energy ties, but White House race may shape oil strategy Read More »
Despite the turmoil of 2020 in the crude oil market, Iraq has managed to increase its oil exports to China, its main customer. In its latest weekly report, shipbroker Banchero Costa said that “oil prices began to recover after the Organization of Petroleum Export Countries (OPEC) and its allies agreed to end a price war
Iraq’s Oil Exports To China Up 27.5% During First Half of 2020 Read More »
BEIJING/SINGAPORE (Reuters) – China’s crude oil imports in March rose 4.5% from a year earlier, according to official customs data, as refiners stocked up on cheaper cargoes despite falling domestic fuel demand and cuts in refining rates caused by the COVID-19 disease outbreak. China, the world’s top crude oil importer, took in 41.1 million tonnes
China’s March crude oil imports rose 4.5% year-on-year on stockpiling Read More »
No damage or casualties reported after projectiles land near site of oilfield service company Halliburton in Basra. Halliburton is an American oil service provider working in the Zubair oilfield, which is operated by the Italian energy company ENI, or Ente Nazionale Idrocarburi. Monday’s attack was the first since last summer to target US oil companies
Rockets target US oil company site in southern Iraq Read More »
Oil prices slid 10% on Monday as the acceleration in coronavirus cases worldwide, which is bringing travel and business to a standstill, further dents global demand for crude. Oil punters have been watching unfolding developments in the energy space with bated breath after Saudi Arabia made good on its promise to ramp up production to