Iraq’s Solution To Lower For Longer Oil Prices
OPEC’s second-largest oil producer, Iraq, has never hidden the fact that it wants to get the highest possible revenues from its oil. It even pleaded exemption from the cartel’s cuts…
Are Libyan Oil Production Gains History?
In addition to the negative repercussions of hurricane Harvey, which heavily impacted the Gulf of Mexico oil and gas production and petrochemical plants, global oil markets are facing disruptions from…
Russian Energy Unaffected By U.S. Sanctions
President Trump signed an array of sanctions against Russia, Venezuela, and North Korea, with those against Russia specifically targeting the country’s energy industry. The idea of sanctions, theoretically, is to…
Can Mexico Capitalize On This Golden Oil Opportunity?
As the political and economic climate in Venezuela continues to deteriorate and oil output sinks to new lows, a production vacuum is opening up in the Caribbean. Seeing an opportunity…
Russia’s Gazprom Neft & LukOil Team Up To Develop Iranian Oil Fields
Russian oil companies Gazprom Neft and Lukoil have filed plans to develop oil fields in Iran, the National Iranian Oil Company (NIOC) said in two separate statements this week. Lukoil,…
Russia’s Comeback In The LNG Race
In a little more than a month’s time, Russia will formalize its claim for a bigger role in the ever-expanding global LNG market. Early October, when the Yamal LNG will…
U.S. Taps Strategic Petroleum Reserve After Hurricane Harvey
U.S. Secretary of Energy Rick Perry authorized on Thursday an emergency release from the Strategic Petroleum Reserve (SPR) of 500,000 barrels of crude oil after Hurricane Harvey disrupted the petroleum…
Gasoline Shortages Loom On East Coast As Colonial Pipeline Shuts Down
The destruction Hurricane Harvey leaves in its wake has prompted the shutdown of a major fuel artery to the East Coast, the Colonial pipeline. The pipeline, which has a daily…
Pemex Needs Partner For $10.7B Offshore Oil Project
Big Oil and independents will have to reach deep into their pockets if they want to win the farm-out rights to Mexico’s Nobilis-Maximino offshore field, as the cost of the…
Hurricane Harvey adds considerable uncertainty surrounding gasoline prices for the upcoming Labor Day weekend (8/30/2017)
Release date: August 30, 2017 | Next release date: September 7, 2017 Hurricane Harvey adds considerable uncertainty surrounding gasoline prices for the upcoming Labor Day weekend EIA has traditionally published…