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  • Last Update: July 7, 2020
  • Last Login: December 1, 2021
  • Joined: April 1, 2020
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  • aseelhlu
    aseelhlu wrote a new blog entry:
    July 7, 2020 ·
    Libya restarts second oil field
    Libya restarts second oil field
    Libya took another step toward reviving its moribund oil industry by restarting production at a second important field after a five-month halt.

    Pumping began on Sunday at the El-Feel deposit, which had suspended operations due to the North African coun...
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  • aseelhlu
    aseelhlu wrote a new blog entry:
    July 7, 2020 ·
    Saudi Arabia raises oil-selling price as OPEC+
    Saudi Arabia raises oil-selling price as OPEC+
    Saudi Arabia raised crude pricing to all regions a day after OPEC+ producers extended historic output cuts for another month to bolster oil’s rally, according to a pricing list seen by Bloomberg.

    The pricing decision for July exports to Asia is the sec...
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  • aseelhlu
    aseelhlu wrote a new blog entry:
    July 7, 2020 ·
    US welcomes the resumption of oil production
    US welcomes the resumption of oil production
    The US Embassy in Libya welcome the resumption of production at the al-Sharara oil field, the country's largest oil field, and called on all of Libya's warring parties to reject the militarization of the energy sector.

    "Now is the time for all responsi...
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  • aseelhlu
    aseelhlu wrote a new blog entry:
    July 7, 2020 ·
    OPEC+ oil cut extension is a victory for Saudi Arabia
    OPEC+ oil cut extension is a victory for Saudi Arabia
    OPEC+ agreed to a one-month extension of its record oil-production cuts and adopted a stricter approach to ensuring members don’t pump more than they pledged.

    The deal will underpin the oil market’s recovery, easing the financial pain felt by resource-...
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  • aseelhlu
    aseelhlu wrote a new blog entry:
    July 7, 2020 ·
    Too early to tell if coronavirus damage to global transport
    Too early to tell if coronavirus damage to global transport
    The coronavirus pandemic has dramatically curtailed all forms of transport as consumers are told to stay home to slow the spread of the virus and offices remain closed.

    The economic fallout of the virus is reverberating through the transport industry w...
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  • aseelhlu
    aseelhlu wrote a new blog entry:
    July 7, 2020 ·
    Russia’s Novak says oil market may see 3-5 million bpd shortage
    Russia’s Novak says oil market may see 3-5 million bpd shortage
    Russian Energy Minister Alexander Novak said on Thursday that the global oil market may see a shortage of 3-5 million barrels per day (bpd) in July, depending on the parameters of a deal to be reached by OPEC+ producers, Interfax news agency reported.

    ...
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  • aseelhlu
    aseelhlu wrote a new blog entry:
    July 7, 2020 ·
    Nigeria says it is ready to compensate for oil overproduction
    Nigeria says it is ready to compensate for oil overproduction
    Nigeria said on Saturday it was ready to make additional oil output cuts from July to September to compensate for producing more than its quota in May and June, when OPEC and its allies implemented a deal to curb supply by record amounts.

    “Nigeria reco...
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  • aseelhlu
    aseelhlu wrote a new blog entry:
    July 7, 2020 ·
    OPEC and allies most likely to agree 1-month extension to outpu
    OPEC and allies most likely to agree 1-month extension to outpu
    OPEC and its allies led by Russia are “most likely” to agree on a one-month extension to an oil production cuts deal on Saturday, an OPEC delegate said.

    The delegate, who spoke on condition that he not be identified, said: “It is most likely that the m...
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  • aseelhlu
    aseelhlu wrote a new blog entry:
    July 7, 2020 ·
    Iran approves Amirhossein Zamaninia as OPEC governor
    Iran approves Amirhossein Zamaninia as OPEC governor
    Amirhossein Zamaninia has been officially approved as Iran's OPEC governor, according to an Iranian oil official cited by Reuters.

    Zamaninia was appointed as caretaker governor on May 23.

    He was a member of Iran’s nuclear negotiating team under the ...
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  • aseelhlu
    aseelhlu wrote a new blog entry:
    July 7, 2020 ·
    OPEC+ set to approve July oil production cuts
    OPEC+ set to approve July oil production cuts
    OPEC, Russia and allies were set on Saturday to extend record oil production cuts through July after crude prices doubled in the past two months on the back of their efforts to withdraw almost 10 percent of global supplies from the market.

    According to...
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  • aseelhlu
    aseelhlu wrote a new blog entry:
    July 7, 2020 ·
    OPEC+ endorses one-month extension to oil cuts
    OPEC+ endorses one-month extension to oil cuts
    OPEC, Russia, and allies agreed on Saturday to extend record oil production cuts by one month until the end of July, five OPEC+ sources told Reuters after the group held a video conference.

    The group, known as OPEC+, also demanded countries such as Nig...
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  • aseelhlu
    aseelhlu wrote a new blog entry:
    July 7, 2020 ·
    Mexico refuses OPEC+ oil output
    Mexico refuses OPEC+ oil output
    Mexico on Saturday refused to extend a cut in oil production to the end of July which was agreed by OPEC members and other key producers.

    The Organization of the Petroleum Exporting Countries and its allies agreed on Saturday to extend through July the...
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  • aseelhlu
    aseelhlu wrote a new blog entry:
    July 7, 2020 ·
    Libya’s biggest oil field to resume production after five-month
    Libya’s biggest oil field to resume production after five-month
    Libya’s biggest oilfield is gradually resuming production that had been halted by an almost five-month blockade, an official said Saturday.

    The restart of the Sharara field in the country’s southwest comes after a valve on the pipeline running to the p...
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  • aseelhlu
    aseelhlu wrote a new blog entry:
    July 7, 2020 ·
    Saudi Arabia oil exports fall $11 bln
    Saudi Arabia oil exports fall $11 bln
    The value of Saudi Arabia’s oil exports plunged by 21.9 percent year on year in the first quarter to $40 billion, corresponding to a decline of about $11 billion, official data showed on Sunday.

    Brent crude prices fell more than 60 percent in the quart...
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  • aseelhlu
    aseelhlu wrote a new blog entry:
    July 1, 2020 ·
    Saudi, UAE, Kuwait voluntary oil cuts were only for one month:
    Saudi, UAE, Kuwait voluntary oil cuts were only for one month:
    Voluntary additional cuts by Saudi Arabia, UAE and Kuwait of oil production are due to last for only one month, Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman said during an OPEC webinar with journalists on Monday.

    The Organization of Petro...
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