Hong Kong oil tanker refuses to visit Basra due to terror threat
The crew of a Hong Kong-registered oil tanker refused to dock in the Iraqi oil terminal of Basra out of fears of terror attacks, the company that owns the ship said Tuesday.
The crew of a Hong Kong-registered oil tanker refused to dock in the Iraqi oil terminal of Basra out of fears of terror attacks, the company that owns the ship said Tuesday.
In the past two months no fewer than a dozen people in Iraq and Saudi Arabia demonstrated in three separate incidents their willingness to die for the cause of hurting the U.S economy in what appears to be a new phase in the war on terror.
Iraq’s oil production is expected to remain constrained for the next one to two years by ongoing attacks against oil infrastructure, despite the US-led Coalition Provisional Authority’s (CPA) transfer of power to an interim Iraqi government, interim Prime Minister Iyad Allawi said June 28.
Iraq’s oil exports were cut nearly in half as workers struggled Monday to repair a key pipeline shut down after looters sabotaged the line, officials with the South Oil Company and traders said.
The quality of the world’s crude oil that will be produced in the near future is falling and some U.S. refiners may soon have to invest millions in their plants to refine the changing flow of crude, experts said on Thursday.
World oil supplies came under more pressure on Sunday as Iraqi crude exports were disrupted by pipeline explosions, and Yukos, the Russian oil group, moved closer to bankruptcy.
Iraqi oil exports were hit by a rupture to a main pipeline in the south as the caretaker government said it would announce emergency powers to tackle the country’s rampant insurgency “very shortly”.
Solar panels are in short supply because many manufacturers are sending their available product to Germany and Japan, where they can be sold for more.
The Association for the Study of Peak Oil & Gas newsletter is, once again, essential reading.
U.S. fuel stockpiles are languishing well below average, leaving the world’s largest energy consumer vulnerable to a summer gasoline inventory crunch or tight supplies of heating oil next winter, the Department of Energy said on Wednesday.
Thousands of workers fleeing stepped-up kidnappings by al-Qaida.
FERC orders California to pay Enron and other energy companies $250M, the very companies that the state argues should be refunding $9 billion to California for market rigging during the power crisis three years ago. Meanwhile, questions are raised about Cheney’s knowledge of price fixing. And Bush attempts to revive failed Ken Lay inspired energy policy.