US – Extractive 360

EIA: US Crude Inventories Down 8.0 Million bbl

US crude oil inventories for the week ended Jan. 1, excluding the Strategic Petroleum Reserve, decreased by 8.0 million bbl from...

147

NEWS

IEA Lowers Oil Demand Estimates For Third Quarter

In the latest monthly Oil Market Report, the International Energy Agency (IEA) has lowered third-quarter 2020 oil demand estimates by 140,000 b/d...

185

INTERNATIONAL NEWS

Russia Overtakes Saudi Arabia To Become World’s Second Largest Oil Producer

Russia produced more crude oil than Saudi Arabia in June, beating it to the second place of the largest oil producers in...

634

Nigeria/EITI

EITI To U.S.: Revise New Dodd Frank Rule To Intl Transparency Standards

The Extractive Industries Transparency Initiative (EITI) has called on the United States to revise its new transparency rule, otherwise known as the...

217

NEWS

Oil Slips On Weaker Chinese Demand, Traders Await OPEC+ Cuts

Oil prices slipped on Monday on weaker Chinese oil demand in the wake of the coronavirus outbreak and as traders waited to...

315

NEWS

OPL 245: US Ends Eni’s Probe

The United States Justice Department has closed its investigations into alleged corruption by oil major Eni in Nigeria and Algeria without taking...

253

FEATURES

China’s $400 Billion At Stake In Iran Oil, As Drone War Flares

The one country that may face the biggest headwind as Saudi Arabia and Iran engage in a “he said, she said” moment...

369

NEWS

Saudi Says Iranian Weapons Used To Attack Oil Facilities

Saudi Arabia said preliminary findings show Iranian weapons were used in the attack on one of its key oil installations, but stopped...

254

NEWS

How NNPC Won Esso, Shell $1.8bn Arbitration Suit

The United States Southern District Court of New York recently delivered a significant judgment in favour of the Nigerian National Petroleum Corporation...