Third tier of Iran’s Bushehr 2 nuclear power unit installed
The installation of the 12 sections which make up the tier, was completed within four weeks “by domestic experts … despite adverse weather conditions”, the Atomic Energy Organisation of Iran (AEOI)…
Key commissioning tests completed at Tianwan 7
Hot functional tests involve increasing the temperature of the reactor coolant system and carrying out comprehensive tests to ensure that coolant circuits and safety systems are operating as they should.…
Chevron Continues to Ship Venezuelan Oil, But Loading on Hold for Chinese Buyers, Shipping Data Shows
By Chevron’s loadings and crude exports flowing normally Slow loading at Jose, Bajo Grande could put more pressure on output cuts Many loaded vessels remain undeparted in Venezuelan waters Jan…
Top Oil Traders Eye Swift Return to Venezuela
Some of the biggest international oil trading houses, including Trafigura Group, will discuss with the U.S. Administration returning to oil trade with Venezuela, the global head of Trafigura’s oil division,…
Oil ETFs Rise as Investors Hedge Crude Futures Exposure
The most traded U.S.-listed oil exchange-traded funds opened higher on Tuesday, closely tracking a small rise in oil futures, as investors weigh Venezuela’s short-term supply and hedge exposure to the…
Phillips 66 Says Two Gulf Coast Refineries Ready to Process Venezuelan Crude Amid Ramp Up
Refiner Phillips 66 said on Tuesday in a Goldman Sachs conference that it has two Gulf coast refineries which can turn and process Venezuela crudes as they ramp up. Reporting…
Trump’s Venezuela Oil Grab Revives ‘Petrodollar’ Debate: McGeever
(Reuters) – There were likely many motives behind America’s capture and arrest of Venezuelan President Nicolas Maduro on Saturday, but one little-discussed factor could be the White House’s concerns about…
Saudi Arabia Slashes Oil Prices to Asia for Third Straight Month
Saudi Arabia has cut the price of its flagship crude grade Arab Light loading for Asia in February, in the third consecutive monthly reduction amid ample supply and weakened Middle…
U.S. Embargo Halts Venezuela Oil Shipments to Key Asian Buyers
Venezuela’s state oil firm PDVSA has been unable to ship oil cargoes to Asia for the fifth consecutive day on Tuesday, as the U.S. “oil quarantine” of Venezuela continues, according…
Trump Sees U.S. Oil Firms Operating in Venezuela Within 18 Months
U.S. oil companies could be “up and running” in Venezuela’s oil sector within 18 months, U.S. President Donald Trump told NBC News days after U.S. forces extracted Nicolas Maduro out…


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