Libya’s oil chief being bullish

Energy Reporters posting an article on Libya’s oil chief being bullish amid his country’s chaos that does seem to be wanting to end. Libya aims to more than double its oil production to 2.1 million barrels per day (bpd) by 2021 provided security and stability are boosted, said Mustafa Sanalla, the chairman of the state […]

Eight factors determining the price of oil

As put by Kimberly Amadeo in her article on The Behind-the-Scenes Role of Commodities Traders,  Oil prices are controlled by traders who bid on oil futures contracts in the commodities market. That’s why oil prices change daily. It all depends on how trading went that day. Other entities can only affect the traders’ bidding decisions. These influencers include the U.S. […]

Washington unleashed Fossil-Fuel Exports and sold out on Climate

This article dated October 16, 2018 is part of a collaboration between the Center for Public Integrity, The Texas Tribune, The Associated Press and Newsy. It is in 2 parts.  Excerpts of part 2 are below with my Bolds. How Washington unleashed fossil-fuel exports and sold out on climate By Jie Jenny Zou WASHINGTON — […]

SONATRACH will launch offshore drilling

Algeria’s state-owned oil and gas company SONATRACH will launch offshore drilling with France’s TOTAL (NYSE: TOT) and Italy’s ENI (NYSE: E) on two sites in the east and west of Algeria at the start of 2019, its CEO said on Oct. 7. “We should start drilling at the beginning of next year,” Abdelmoumene Ould Kaddour told reporters […]

What to do with the vastness of the Saharan Desert

This article is meant to be as informative about the problematics of consultation and decision making in Algeria as it is possible to muster at this conjecture. What to do with the vastness of the Saharan desert where large pockets of gas lay buried according to all known geological analyses for millennia. The strategic decision […]

JMMC meeting will be held in Algiers on September 23

The Joint Ministerial Monitoring Committee of the OPEC and non-OPEC oil production reduction Agreement, i.e. the JMMC meeting will be held in Algiers on September 23, 2018, and the Iranian minister said he would not participate in the event. Iran promised, on Thursday, to veto any decision by the Organization of Petroleum Exporting Countries (OPEC) […]

Follow-up Meeting on the Oil Production Reduction

The Joint Ministerial Meeting Committee (JMMC) comprises four OPEC member countries (Algeria, Saudi Arabia, Kuwait and Venezuela) and two non-OPEC countries (Russia and Oman) and will be held at the end of September 2018 in Algiers. This 10th follow-up meeting on the oil production reduction will review all recent market developments and the report provided […]