Tricky timing for the US’ renewed crude exports
Timing is the biggest question mark surrounding the US’ decision to lift four-decades of restrictions on crude exports on December 18, as energy economics and geopolitics spawn an oil glut that has depressed prices to a 12-year low.
U.S approves Golden Pass LNG exporting terminal
The U.S. Department of Energy has authorised the Golden Pass Terminal near Sabine Pass, Texas to export domestic LNG to non-FTA countries in a move that could position the country as a dominant global LNG exporter.
Middle East oil refining boom brings competition
More than 7 million barrels per day of new, global crude oil refining capacity is expected to come online by 2020—nearly a third of that located in the Middle East. This trend will have significant competitive implications for Asian refiners.
Kurdistan could export its oil via Iran
Sources confirmed that the initial plan would be to pump around 250,000 bpd from Erbil to Iran. Any potential deal could also see Kurdistan exporting gas to Iran.
Iranian exports to hit 2 million bpd
Iran's minister of economic affairs and finance, Ali Tayebnia, has said that he expects Iranian crude exports to hit the 2 million barrel per day mark "in a short time".
Iran doubles crude production and exports
A recent report by the International Energy Agency (IEA) confirmed that Iran produced 3.56 million barrels of oil per day in April 2016. That figure is steadily increasing, and Zangeneh has said that Iran will not consider freezing its production levels u......