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The tightened U.S. sanctions on Iranian oil flows under the Trump Administration’s renewed maximum pressure campaign have created chaos in Iran’s oil exports to its single biggest buyer, China. However, Iranian exports to China, which buys around 90% of the Islamic Republic’s oil, continue as traders and middlemen rearrange tanker flows and increase ship-to-ship transfers, especially offshore Malaysia, vessel-tracking analysts say. The latest U.S. sanctions have managed to disrupt trade as the number of non-sanctioned tankers…
When the Labour Party of Keir Starmer won the latest UK elections, it vowed to stop new oil and gas exploration. The Starmer cabinet has stayed true to its word on that—but it is looking for ways to boost production through other means. In early February, a Scottish court ruled the previous government’s approval of two new oil and gas projects in the North Sea unlawful. The ruling was the result of climate activism that challenged the approval of the Jackdow and Rosebank projects. The court sided with the activists. Only the Starmer…
In May 2023, Iraq announced the Development Road, $17 billion, 1,200-kilometer rail line and roadway from a new port at Al Faw in southern Iraq to Türkiye, linking Asia and Europe. The Road is more than an upgrade to Iraq’s old infrastructure and aims to leverage Iraq’s location as a future trade corridor to solve several complex problems: unemployment, corruption, outdated infrastructure, and over-reliance on hydrocarbons at a time of declining demand for oil. The project is supported by Türkiye, and Qatar and the United…
The world is re-embracing nuclear energy after decades of decline, driven by technological advances and the need to keep pace with growing energy demand fueled by the tech sector without compromising climate goals. The world is now on track to produce more nuclear energy than ever before in 2025, and the International Energy Agency (IEA) predicts an all-out nuclear renaissance. But will the future of nuclear power be dominated by emerging technologies like modular reactors, new mega-projects like Plant Vogtle, or the revitalization of old and decommissioned…
Problems with the salt content in Pemex oil have been solved, the country’s president Claudia Sheinbaum said, after multiple reports about trouble with salt and water content in Pemex crude. “The problem of salt in crude has been solved,” Sheinbaum said during a regular press conference, as quoted by Reuters. The president added that the new Pemex refinery in Dos Bokas was making progress, too. In February, reports emerged that Gulf Coast refiners were shunning Mexican crude because of excessive water content. Instead, refiners…
