CDN and International News

By Luc Cohen Government and opposition request 45-day pause in US asset seizure case Venezuela seeks to protect assets like Citgo from creditors Judge requests update on legal representation for Venezuela ​by May 21 NEW YORK, April 6 (Reuters) – Venezuela’s government and its political ‌opposition are seeking to coordinate their legal defense of the …

Venezuela’s Government, Opposition May Cooperate to Safeguard US Assets Read More »

By Aref Mohammed Iraq has had to reduce oil production by around 80% Storage has filled up as Strait of Hormuz closure prevented exports Iraq produces more oil than it exports, giving it scope to increase exports even if some capacity damaged BASRA, Iraq, April 6 – Iraq could restore crude oil exports to around …

Iraq Could Restore Oil Exports to Pre-War Level Within a Week if Hormuz Reopens, Basra Oil Chief Says Read More »

Cambridge Professor Helen Thompson warns that energy disruption triggered by the US-Israel attack on Iran is exposing deep vulnerabilities. The US-Israel war with Iran is emerging as more than a humanitarian crisis, one that’s left thousands of civilians dead and millions displaced. On this week’s Merryn Talks Money, Cambridge University professor Helen Thompson argues that the …

The Iran War May Be Permanently Rewiring Global Energy Security Read More »

Summary OPEC+ eight members to raise quotas by 206,000 bpd for May US-Iran war largely shuts oil traffic via Strait of Hormuz War leads to worst ever oil supply disruption Tanker loaded with Iraqi crude passes through Hormuz, data shows OPEC+ concerned about attacks on energy assets (Reuters) – OPEC+ agreed ‌on Sunday to raise …

OPEC+ Agrees to Boost Oil Output When Strait of Hormuz Reopens Read More »

Summary Iran has said it would allow ships with no US or Israeli links Vessels appear to turn of identification systems during crossing Dozens ​of Japanese-owned ships remain stranded, according to transport ministry data (Reuters) – Three Omani-operated tankers, a French-owned container ship and a Japanese-owned gas carrier have crossed the Strait of Hormuz since …

Japanese, French and Omani Vessels Cross the Strait of Hormuz Read More »