Oil – Page 19 – THE OVAL CIRCLE

Syria says US ‘stealing’ oil after American energy firm signs deal with Kurdish rebels

Posted on August 3, 2020October 8, 2020By Editor

The Syrian government has accused the US of “stealing” the country’s oil reserves, which Washington claimed to be protecting from terrorists. American lawmakers admitted that a deal has been signed with Kurdish rebels. … Read More >Syria says US ‘stealing’ oil after American energy firm signs deal with Kurdish rebels

Business

Will US shale ever see another Golden Age?

Posted on July 24, 2020July 24, 2020By Editor

The US shale patch has been hit incredibly hard by COVID and the oil price crash, and while some analysts bet on a quick comeback, some others are more pessimistic. … Read More >Will US shale ever see another Golden Age?

World

Iran Calls South Korean Freeze on Oil Payments ‘Unethical and Illegal’

Posted on July 19, 2020July 19, 2020By Editor

Between $6 billion and $9 billion in payments for already delivered Iranian oil remain frozen in South Korean banks. Seoul insists that the funds will stay blocked due to the American sanctions against the country. Tehran, in turn, sees the freeze as unlawful and is mulling legal action against South Korea. … Read More >Iran Calls South Korean Freeze on Oil Payments ‘Unethical and Illegal’

Latin America

Blockbuster oil bribery scandal exposes corrupt double-dealing of Guaidó ‘attorney general’

Posted on July 18, 2020July 18, 2020By Editor

Jose Ignacio Hernandez has raked in lucrative fees as a legal mercenary for the corporate looters of Venezuela’s PDVSA oil company. His recent resignation as “attorney general” in Guaidó’s shadow administration raised serious questions about possible ethical and legal violations. … Read More >Blockbuster oil bribery scandal exposes corrupt double-dealing of Guaidó ‘attorney general’

Latin America

Is U.S. Military Action against Venezuela Contemplated? Trump Wants to Extradite Maduro

Posted on July 16, 2020July 16, 2020By Editor

The Sino-Venezuelan agreement by which the Chinese state petrochemical company Sinopec will invest 14,000 million dollars to achieve daily oil production of 200,000 barrels per day of crude in the Orinoco Oil Belt, (considered the most abundant oil field in the world ), would be a missile on the waterline of the US global geopolitics. … Read More >Is U.S. Military Action against Venezuela Contemplated? Trump Wants to Extradite Maduro

Business

US swaps Venezuelan fuel oil for Russian products

Posted on July 15, 2020July 15, 2020By Editor

The United States has been raising its imports of fuel oil from Russia over the past year and a half after the US imposed sanctions on Venezuela’s exports, Reuters reported on Monday, quoting data from Refinitiv Eikon. … Read More >US swaps Venezuelan fuel oil for Russian products

Business

Russia supplies first shipment of Arctic oil to China

Posted on July 13, 2020July 13, 2020By Editor

Russian energy giant Gazprom Neft has started supplying crude from its Novy Port Arctic oil field to China. The first batch amounting to 144,000 tons of crude was delivered to Yantai port, the company announced. … Read More >Russia supplies first shipment of Arctic oil to China

Business

Venezuela’s oil exports crash to 77-year low amid crushing US sanctions

Posted on July 4, 2020July 4, 2020By Editor

Crude shipments from oil-rich Venezuela have hit new lows, tumbling in June to levels unseen since 1943. Caracas is struggling to reach buyers for its crude due to increasing US sanctions. … Read More >Venezuela’s oil exports crash to 77-year low amid crushing US sanctions

Russia

WATCH Russian Army SHOOT burning Siberian oil well with anti-tank gun to put out fire

Posted on June 9, 2020June 9, 2020By Editor

Russia’s Defense Ministry has carried out an unusual operation in Eastern Siberia. Soldiers helped put out a blaze at an oil well by demolishing the burning wellhead with point-blank fire from an anti-tank gun. … Read More >WATCH Russian Army SHOOT burning Siberian oil well with anti-tank gun to put out fire

Business

Russia surpasses Saudi Arabia as China’s top supplier of crude

Posted on May 27, 2020May 27, 2020By Editor

China’s imports of Russian oil have risen 18 percent in April year-on-year, according to Reuters, citing Chinese customs data. Shipments reached 7.2 million tons, equivalent to 1.75 million barrels per day (bpd). … Read More >Russia surpasses Saudi Arabia as China’s top supplier of crude

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