The real deal with Iran, global oil inventories
11 May 2019 |
9:24 am
President Donald Trump has long wanted the 2015 nuclear deal with Iran to fall apart. He got one step closer to that on Wednesday, when Iran warned European nations it’s ready to quit the accord in 60 days if it doesn’t start seeing greater economic benefits from the agreement. Kevin O’Brien, chief business officer at Orbital Insight, talks with Bloomberg's Alix Steel about Iran, global oil inventories and the tight oil market.
Related
1 Nov
Data from the Nigerian Upstream Petroleum Regulatory Commission shows that total oil production loss in the third quarter of this year, stood at 6.6 million barrels per day.
24 Nov
Nigeria launched oil and gas drilling for the first time in the country's north on Tuesday, as it seeks to diversify away from the oil-rich Niger Delta.
11 Dec
The European Union approved a plan to cap prices of Russian oil at $60 a barrel, with the deal coming into effect December 5. Ukrainian President Volodymr Zelenskyy thinks it may not be enough. Follow DW for the latest.
5 Dec
The price cap could make it difficult for Moscow to sell its oil for a higher price. Meanwhile, a senior US intelligence official said the war was at a ''reduced tempo.'' DW has the latest.
11 Dec
The EU has stopped buying Russian seaborne crude oil as it seeks to deprive Moscow of a key revenue source fueling its war in Ukraine. The move will hurt Russia but not as much as the bloc would have liked.
7 Dec
One important ingredient used in cosmetics is palm oil. But the production of palm oil is harmful to the environment. What are the ecological disadvantages of palm oil - and how can it be produced more sustainably?
9 Dec
A new oil pipeline set to cross Uganda and end at the Tanzanian coast is supposed to bring jobs and prosperity. But environmentalists and human rights activists are not convinced.
12 Dec
Chinese leader Xi Jinping wrapped up a visit to Saudi Arabia with a joint statement regarding bilateral commitments. Xi also invited Saudi King Salman bin Abdulaziz to visit Beijing.
18 Dec
EU member states are divided on the cap, with Germany, Austria and the Netherlands skeptical of the policy. Talks will resume on Monday, with France a key player in the final negotiations.
24 Dec
The busy Kiel Canal in northern Germany, linking the North Sea with the Baltic Sea, has come to a halt as crews try to clear the oil from waters after a pipeline leak.
26 Dec
Shell Petroleum Development Company (SPDC) yesterday announced that it would pay €15 million to farmers in three Niger Delta communities as compensation for damages to their farms from pipeline leaks between 2004 and 2007.
26 Jan
Uganda on Tuesday commissioned the first of its four planned oil rigs and the start of drilling the first production well, a key milestone as the country races to meet its target of first oil output in 2025 after a long delay.
Latest
Tinubu will give Nigeria effective leadership – Buhari, Fire razes building in Lagos market and more
2 hours ago
Find these stories and much more when you grab a copy of The Guardian on Wednesday.
3 hours ago
After massive layoffs, experts doubt that Twitter can hold up its security standards and effectively battle fake news. This could put activists worldwide in harms way and endanger lives of people in disaster areas.
3 hours ago
This weekend's clashes between police and protesters in the small French town of Sainte-Soline reflect growing anger over water reservoirs that are meant to help farmers to irrigate their crops in times of drought.
3 hours ago
The threat level raise for the UK-controlled enclave on the island of Ireland comes ahead of a visit by US President Joe Biden for the anniversary of the Good Friday agreement.
3 hours ago
The country has been witnessing a gradual increase in coronavirus infections in recent days. A new variant could be driving the rise but there's no need to panic, experts say.
