Iraq To Resume Oil Exports To Turkey Via Pipeline Shuttered A Decade Ago Amid Kurdish Negotiation Deadlock
Islamic State attacks halted the pipeline's operations in 2014 which was responsible for about 0.5% of the world's oil supply.
Analyst Warns Of ‘Serious Escalatory Tit-For-Tat Cycle’ If Iran Strikes Back, Raising Fears Of ‘Wider War’ In Middle East
Croft added that Iran has the potential to repeat its playbook from 2019 when it allegedly attacked oil tankers in the Strait of Hormuz, a critical waterway for oil import and export.
Nord Stream Sabotage Investigation: Polish Authorities’ Accused Of Lack of Transparency
European investigators probing the Nord Stream natural gas pipeline sabotage say that the Polish officials have been slow to share information and have withheld key evidence related to the movements of alleged
IEA Forecasts Slowdown In Oil Demand, Contrasts Positive Outlook By OPEC+
The IEA cautions that this forecast "masks the impact of a further weakening of the macroeconomic climate."
COP28 Draft Proposes Historic Shift From Fossil Fuels Amid Global Debate
The deal has sparked controversy for insufficient financial and equity provisions for developing nations and resistance from major oil-producing countries.
OPEC+ Said To Have Approaching Preliminary Agreement For Deeper Oil Production Cuts For Next Year
The Organization of the Petroleum Exporting Countries and its allies (OPEC+) have collectively decided to implement an additional 1 million barrels a day of oil supply cuts, reinforcing Saudi Arabia's recent extension of its equivalent voluntary reduction.
Oil prices moved higher, with WTI trading at $77.82 and Brent crude oil moving around 83.90.
Suspected Deliberate Act Damages Subsea Gas Pipeline and Telecom Cable Linking Finland And Estonia
A subsea gas pipeline and a telecommunications cable connecting Finland and Estonia under the Baltic Sea have suffered damage in what appears to be a deliberate act, according to the Finnish government.
US Authorities Probe Sanctions Enforcement in Russian Oil Trade
The U.S. Justice Department is intensifying its efforts to clamp down on violations of sanctions imposed on Russia's energy exports, with a particular focus on Murtaza Lakhani, the founder and CEO of Mercantile & Maritime Group, an oil trading and shipping company headquartered in Bahrain and Singapore.
California Faces Rising Gasoline Prices, Division of Petroleum Market Oversight Raises Concerns
In response to rising gasoline price concerns, Tai Milder, the director of California's Division of Petroleum Market Oversight (DPMO), has
Most Valuable Oil Company Aramco Considers Raising $50B Via Stock Sale
Saudi Arabia's plans to list more shares of Aramco, the world's most valuable oil company, have resurfaced.
The kingdom is reportedly considering selling up to $50 billion worth of shares, which could be the largest offering in capital market history.