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Iran’s Ghost Tankers Are Slipping Through The Cracks By ZeroHedge - Nov 07, 2018, 2:00 PM CST Join Our Community In anticipation of the U.S. sanctions against Iranian oil exports, which were reimposed by the Trump Administration on Monday (along with additional sanctions on everything from Iranian shipping to banking and insurance), oil tankers bearing the Iranian flag have embraced a stealthy approach to keeping the oil flowing: They're...

The world's fourth-biggest oil producer can't keep the lights on By Mohammed Aly Sergie on 10/22/2018     DUBAI (Bloomberg) -- Iraq is fast becoming a global oil powerhouse, gaining stature in OPEC after it surpassed Canada this year as the world’s fourth-biggest producer. But the war-ravaged country has little to show for its feat. While crude...

Norway’s Oil Production Continues To Decline Faster Than Expected By Tsvetana Paraskova - Oct 19, 2018, 3:00 PM CDT   Norway’s crude oil production has not only been sliding this year compared to last year—as expected—but it has also consistently underperformed the production forecasts of the Norwegian Petroleum Directorate (NPD). NPD’s figures for September showed on Friday that Norway’s crude oil production stood...

Oil Prices Rise After API Reports Surprise Crude Oil Draw By Julianne Geiger - Oct 16, 2018, 3:55 PM CDT   The American Petroleum Institute (API) reported a surprise draw of 2.13 million barrels of United States crude oil inventories for the week ending October 12, compared to analyst expectations that this week would see a build in crude oil inventories of 2.167 million barrels . Last week, the American Petroleum Institute (API) reported the biggest...

India Set To Miss Its 2022 Renewable Energy Targets By Tsvetana Paraskova - Oct 15, 2018, 1:00 PM CDT   Although government support of renewables in India remains strong, the country faces “a myriad of challenges,” which will likely result in India falling short of its own renewable energy targets by 2022, energy consultancy Wood Mackenzie said on Monday. India has set targets to have 175 GW renewable capacity installed by 2022, 100 GW of...