News / International
Major US Refinery Shuts Down; Creates Oil Glut and Gasoline Dearth
A large gasoline refinery in the US state of Indiana has shut down for repairs after technicians discovered leaking pipes, Bloomberg reported.
Norway’s Economy Follows Oil Price
The economy of Norway is a “train wreck in slow motion,” according to Svenska Handelsbanken AB, reported Bloomberg. Norway is western Europe’s largest oil producer, with hundreds of offshore platforms and fields in the North Sea.
Kuwait Drawing on Chinese Help in Major Survey Effort
Kuwait Oil Company (KOC) announced on Monday that it would begin a three-dimensional exploratory survey project in Kuwait Bay
Uganda Bid Round Meant to Launch Country as Major Oil Producer
The Ugandan government announced on Tuesday that it had authorized 16 international firms to bid for oil exploration rights in six blocks
Iran Mulling Tempo of Long Awaited Return to Global Oil Marke
A World Bank report warned that the lifting of Iran sanctions would add about a million barrels of oil a day and so depress oil prices by a further $10 per barrel next year
Enoc Updates Executives in Tune with Fuel Subsidy Reforms
Saeed Mohammed Al Tayer, Vice Chairman of the Dubai Supreme Council of Energy and MD and CEO of Dubai Electricity and Water Authority, was appointed Vice Chairman of the Emirates National Oil Company (Enoc) boar
Chevron’s Profits Down, Complications with Concessions
After posting higher profits than any other oil major last year, Chevron’s stock has badly slipped in 2015—down more than 30%, noted the Wall Street Journal in a recent report.
Oil Prices Rally on News of Declining US Shale Production, OPEC Meeting
Global oil prices rose in mid August amid news of declining US shale oil production, and rumors of an emergency OPEC meeting, The Wall Street Journal reported.
