United States warns Libya
The U.S. ambassador to Tripoli, Richard Norland, warned Wednesday the rival protagonists in Libya against using oil “as a weapon” in their political squabbles that…
Tag: Oil market
Record sales of Norwegian Oil in Europe
In Norway, Equinor ships crude oil from the Johan Sverdrup field in the North Sea to Europe. Usually, the company sends, for the most part,…
U.S. crude oil flows under pressure
In the United States, Canadian heavy crude oil is increasingly flowing to the Gulf Coast. However, these barrels, re-exported, compete with oil from the US…
Schlumberger will not bid for Kurdish oil
US energy company Schlumberger has said it will not bid for oil and gas tenders in Iraqi Kurdistan. The company does not want to position…
Oil: Production remains limited
Following a phone call with Sheikh Mohammed bin Zayed Al Nahyan (MBZ), Emmanuel Macron met with Joe Biden on the sidelines of the G7 summit.…
Sri Lanka opens its oil market to foreigners
Cash-strapped Sri Lanka announced on Tuesday it would open its oil market to foreign competition, a day after a temporary halt to gasoline and diesel…
Oil: Emirates’ production ‘close’ to Opec’s planned ceiling
The United Arab Emirates’ oil production is approaching the ceiling decided by the Opep+. This announcement comes two weeks before US President Joe Biden’s first…
France calls for more oil production
France called on Monday for oil-producing countries to increase their production “in an exceptional manner” and pleaded for a “diversification of supplies” to Iran and…
Oil: Iraq plans to export more to Europe
SOMO, the Iraqi state-owned company, is redefining its strategy. Its managing director, Alla al-Yasri, says the company is considering signing crude sales contracts with new…
Oil: France calls for more production
France called on Monday for oil-producing countries to increase their production in an “exceptional manner”. She pleaded for a “diversification of supplies” to Iran and…