Articles by Tsvetana Paraskova

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OPEC, NOPEC Ministers Recommend 9-Month Extension

The ministerial committee overseeing the implementation of the OPEC output reduction agreement recommended its extension on Wednesday, just one day before the bloc’s official summit in Vienna. The agreement should be for another nine-month extension, t…


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Can Nigeria And Libya Avoid A Production Cut?

Beyond discussing the broader terms of the production cut deal, OPEC will crunch the numbers of exempt producers Libya and Nigeria this week to see if their oil production has recovered enough to justify asking or persuading them to join the pact with …


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Nigerian NNPC Seeks Up To $5B Cash-for-Oil Deals With Traders

The Nigerian National Petroleum Corporation (NNPC) is aiming to strike up to US$5 billion worth of cash-for-crude prepayment deals with some of the biggest global oil traders, in a bid to raise funds for oil and gas exploration and production projects,…


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China’s EV Plan Could Cause An Oil Price Crash

Oil prices could decline to $35 a barrel next year if China and India speed up the adoption of electric cars to cope with severe pollution, Steen Jakobsen, Chief Economist & CIO at Saxo Bank, told UAE’s news outlet The National in an interview publishe…


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Maduro: Venezuela Could Stop Crude Oil Sales To U.S.

True to his ‘anti-imperialistic’ rhetoric, Venezuela’s embattled President Nicolas Maduro now says that his country could stop selling its crude oil to the United States. “The day that they don’t want us to sell them our oil, we are just picking up our…


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U.S. Oil Has One Fatal Weakness

U.S. crude oil production is again on the rise, and exports of American crude are smashing records. But most of the U.S. oil production is light tight oil, and American exports—especially those of very light sweet crude—may hit a demand constraint next…


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Shell Could Be Investigated For Complicity In Human Rights Abuses

Royal Dutch Shell should be investigated for its alleged complicity in abuses of human rights in Nigeria’s military suppressing protests in the oil-rich Niger Delta in the 1990s, Amnesty International said on Tuesday. The human rights organization is c…


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Shell Could Be Investigated For Complicity In Human Rights Abuses

Royal Dutch Shell should be investigated for its alleged complicity in abuses of human rights in Nigeria’s military suppressing protests in the oil-rich Niger Delta in the 1990s, Amnesty International said on Tuesday. The human rights organization is c…


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Norway’s $1 Trillion Wealth Fund: Oil Stocks Sale Will Take Years

The proposed sale of billions of dollars worth of oil and gas stocks held by Norway’s huge wealth fund will take years to be completed, if approved, chief executive Yngve Slyngstad said on Tuesday. On November 16, the world’s largest sovereign wealth f…


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Shell Signals End Of Austerity Returning To All-Cash Dividend

Royal Dutch Shell is canceling its scrip dividend program effective this quarter, in a sign that it has really left the worst consequences of the oil price crash behind it. “The cancellation means that the fourth quarter 2017 Interim Dividend and futur…