Venezuela presiding over OPEC in 2018 January 24, 2018 // 2 Comments Venezuela has assumed the rotating presidency of the Organization of Petroleum Exporting Countries (OPEC), Venezuelan Oil [...]
Malaysia to subsidise oil palm farmers to diversify as EU moves to ban import of palm oil biofuels starting 2021 January 22, 2018 // 4 Comments Malaysia’s Sarawak state government will subsidise oil palm smallholders in diversifying into other crops to mitigate the [...]
Libya reopens As-Sarah oil fields January 22, 2018 // 2 Comments Libya’s National Oil Corporation, NOC, announced recently that the eastern As-Sarah oil fields has reopened. Previously, [...]
Vitol reaches US$530 million deal with Nigeria’s Shoreline to finance oilfield in exchange for oil access January 19, 2018 // 3 Comments Vitol, the European trading house, has reached a US$530 million deal with Nigeria’s Shoreline to finance an oilfield in [...]
Venezuela’s oil output sank to decades low in 2017 January 19, 2018 // 2 Comments According to figures released by the OPEC recently, oil production in Venezuela plummeted nearly 13 % last years, hitting a [...]
Sadara to supply feedstock to new Saudi/German jv January 17, 2018 // 2 Comments Sadara, the joint venture between Saudi Aramco and Dow Chemical, has signed a supply agreement with SADIG-ILCO, a new [...]
Anger among Malaysian farmers as EU plans to curb palm oil imports January 17, 2018 // 2 Comments Hundreds of Malaysian palm oil farmers gathered in the capital city of Kuala Lumpur recently to protest a push by European [...]
Burning Iranian oil tanker Sanchi finally sinks January 15, 2018 // 3 Comments A burning Iranian oil tanker that had drifted into Japan’s exclusive economic zone has sunk after a collision on January [...]
More oil from Algeria sent to Cuba as Venezuelan supplies fall January 12, 2018 // 2 Comments State energy firm Sonatrach recently said that Algeria sent 2.1 million barrels of crude oil to Cuba last year and will ship [...]
11 men charged with oil-theft at Shell’s refinery January 10, 2018 // 1 Comment Eleven men were charged in a Singapore court recently in connection with a large-scale oil theft at Shell’s biggest [...]