By Javier Blas, Grant Smith and Salma El Wardany on 3/3/2021 Saudi Aramco production facility LONDON (Bloomberg) –OPEC+ is poised to agree a production increase this week as it seeks to cool a rapid rally in crude prices. There’s a widespread view within the group
By Yaacov Benmeleh on 3/3/2021 Minister of Environmental Protection Gila Gamliel (Bloomberg) –An Israeli minister accused Iran of being behind one of the worst oil spills ever in Israeli waters, calling it an act of “environmental terrorism.” A Libyan ship that sailed from Iran dumped
By Saket Sundria and Alex Longley on 3/3/2021 OPEC Secretary-General Mohammad Barkindo (Bloomberg) –Oil climbed ahead of a crucial OPEC+ meeting, as the alliance was expected to agree a coordinated increase in output as the pandemic’s impact on the market recedes. Brent futures rose 1.5%
3/3/2021 ABU DHABI – His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Managing Director and Group CEO of the Abu Dhabi National Oil Company (ADNOC) said low carbon oil will play a central role in the energy transition.
By Lucia Kassai on 3/2/2021 Tanker at Venezuelan oil export terminal (Bloomberg) –Venezuela oil exports dropped in February after the U.S. sanctioned key trading houses and individuals that had been propping up exports of the commodity that bankrolls President Nicolas Maduro’s regime. Crude shipments fell