Oil – Page 16 – THE OVAL CIRCLE

USA

Bomb Libya and take its oil: Biden budget chief pick Neera Tanden agreed with Trump

Posted on December 1, 2020December 1, 2020By Editor

“Unless we take the oil from Libya, I have no interest in Libya,” Donald Trump declared in an April 2011 interview on CNN’s “Newsroom.” … Read More >Bomb Libya and take its oil: Biden budget chief pick Neera Tanden agreed with Trump

Business

OPEC+ likely to prolong existing oil cuts despite rising prices – media

Posted on November 29, 2020November 29, 2020By Editor

Members of the Organization of Petroleum Exporting Countries (OPEC) and their allies led by Russia, known as OPEC+, may further hold back oil supplies amid concerns over demand. … Read More >OPEC+ likely to prolong existing oil cuts despite rising prices – media

Business

Oil pirates are DANGEROUSLY CLOSE to US waters

Posted on November 28, 2020November 28, 2020By Editor

After hitting a 25 year low last year, oil piracy came back in a big way in 2020, with pirates moving dangerously close to US waters. … Read More >Oil pirates are DANGEROUSLY CLOSE to US waters

Business

Venezuela continues selling oil to China despite US sanctions – report

Posted on November 28, 2020November 28, 2020By Editor

Undeterred by US sanctions, Venezuela has reportedly resumed direct oil shipments to China after a year of underground trading. Venezuelan oil exports had crashed to multi-decade lows under intense pressure from Washington. … Read More >Venezuela continues selling oil to China despite US sanctions – report

Middle East

‘Must Leave’: Iran Slams Presence of US Forces in Syria, Calls for Immediate Withdrawal

Posted on November 27, 2020November 27, 2020By Editor

Iran’s permanent ambassador to the United Nations (UN) Majid Takht-Ravanchi has called for the immediate and full-fledged withdrawal of US troops from Syria. … Read More >‘Must Leave’: Iran Slams Presence of US Forces in Syria, Calls for Immediate Withdrawal

Middle East

Iran Extracts 400,000 Barrels Per Day From Joint Azadegan Oilfield, Report Says

Posted on November 27, 2020November 27, 2020By Editor

Minister of Petroleum Bijan Zangeneh said that Iran extracts 400,000 barrels of oil per day (bpd) from the Azadegan joint oilfield, media reported on Thursday. … Read More >Iran Extracts 400,000 Barrels Per Day From Joint Azadegan Oilfield, Report Says

Business

Libya throws ONE MILLION barrels of oil into already oversupplied market

Posted on November 8, 2020November 8, 2020By Editor

Libya’s crude output has exceeded one million barrels per day since its oil industry came back online. However, the inflow may create shockwaves in the global oil market as demand has not fully recovered from the Covid-19 crisis. … Read More >Libya throws ONE MILLION barrels of oil into already oversupplied market

World

Ceasefire sees Libya’s NOC end all closures of oilfields & ports after 8-month blockade

Posted on October 26, 2020October 26, 2020By Editor

Libya’s National Oil Corp (NOC) has lifted force majeure on the El-Feel oilfield, the company said on Monday, with all oilfields and ports now being opened after an eight-month blockade by eastern forces. … Read More >Ceasefire sees Libya’s NOC end all closures of oilfields & ports after 8-month blockade

Extinction Rebellion activists block entrance to oil refinery in Scotland accused of ‘ecocide’ (PHOTOS)

Posted on October 24, 2020October 24, 2020By Editor

Protesters belonging to the climate change activism group Extinction Rebellion have attempted to blockade access to an oil refinery in Grangemouth, Scotland, claiming that the plant’s operator is the country’s biggest polluter. … Read More >Extinction Rebellion activists block entrance to oil refinery in Scotland accused of ‘ecocide’ (PHOTOS)

Business

Many lost US oil jobs may never return

Posted on October 18, 2020October 18, 2020By Editor

More than 100,000 jobs were lost in the US oil exploration and production industry between March and August this year, mostly as a result of the coronavirus pandemic. Another 35,000 jobs were shed in the downstream segment. … Read More >Many lost US oil jobs may never return