The U.S. State Department said it is concerned by reports of China's interference with oil and gas activities in the South China Sea, including Vietnam's long-standing exploration and production activities.
A third of the world’s seaborne oil—almost 17 MMBbl/d—passes through the strait, which narrows to just 21 miles and has long been a strategic chokepoint in the Persian Gulf.
Libya’s largest oil field, El Sharara, has been shut down since July 19 due to a suspected valve closure and an investigation has been launched, the National Oil Corp. said July 20.
Move is designed to pressure Greek Cypriot government to accept a cooperation proposal by Turkish Cypriots.
Political pressure and incidents of contaminated crude cut into Russia’s European dominance.
Warship intervened when vessel was threatened; ships in the Persian Gulf are advised to go to a higher state of alert.
The sale is a rebuke of a landmark resolution between the Anglo-Dutch company and a large group of investors including Sarasin that outlined Shell's ambition to reduce carbon emissions.
Guyana is preparing a licensing round for acreage in both shallow and deep water for third-quarter 2020.
OPEC+ to extend cuts but Iran’s oil minister laments the growing influence of Russia and Saudi Arabia.
"It’s a rollover and it’s happening,” Saudi Energy Minister Khalid al-Falih, whose country is the de facto leader of OPEC, told reporters on June 30.
