Damir Kaletovic

Latest articles from Damir

• Iran, Trump Showdown Leads To New Sanctions

  Published 06 February 2017 | viewed 9,457 times

  The U.S. Department of Treasury has slapped new sanctions on Iran, targeting 13 individuals and as many companies, in response to an Iranian ballistic missile…

• Black Sea Incident Risks Russia-Ukraine Conflict Tension

  Published 02 February 2017 | viewed 13,782 times

  A Ukrainian military plane has reportedly made two low passes over Russian oil rigs in the Black Sea, with Russia calling the incident a clear…

• Russia Claims Global Oil Output Down By 1.4M Bpd

  Published 01 February 2017 | viewed 14,736 times

  Russian Energy Minister Alexander Novak has announced that global oil output was cut by 1.4 million barrels per day last month, in the aftermath of…

• Lebanon To Put Future Oil Money In Sovereign Wealth Fund

  Published 01 February 2017 | viewed 5,073 times

  Lebanon will place all future oil revenues in a sovereign wealth fund (SWF) to invest in development projects, President Michel Aoun said, referring to hoped-for…

• Venezuelan State-Oil Firm Poised For Default

  Published 31 January 2017 | viewed 14,852 times

  Venezuelan state-run oil company PDVSA’s default is probable, according to rating’s agency Fitch, as the country struggles with the long-running drop in oil prices—its only…

• Two Months Of Attacks In Syria Cost Oil Sector $2B

  Published 31 January 2017 | viewed 5,705 times

  Syrian Prime Minister Imad Khamis has claimed that terrorist attacks during the last two months have cost the country’s oil sector US$2 billion. Khamis said…

• Time To Get Back Into Libyan Oil? Probably Not Quite Yet

  Published 30 January 2017 | viewed 8,879 times

  Libya is home to a massive 48 billion barrels of oil—the largest reserves in Africa--and it’s about to open its doors to new foreign investment…

• Saudis Approve Historical Tax Package Amid Oil Price Crisis

  Published 30 January 2017 | viewed 6,556 times

  As the oil price crisis catches up with Saudi Arabia, residents of the oil-rich Kingdom will have to start paying taxes on services and products…

• Iran May Cancel $7B Pipeline Project With Pakistan

  Published 27 January 2017 | viewed 29,083 times

  Iran has said it may cancel its high-profile, US$7-billion ‘peace pipeline’ project with Pakistan over lengthy construction delays, with would deprive energy-starved Pakistan of the…

• South Sudan Plans To Double Oil Production

  Published 27 January 2017 | viewed 19,517 times

  South Sudan aims to double its oil production to 290,000 barrels per day in fiscal year 2017/2018, the country’s finance minister said on Friday, up…

• Libya Returns Oil Output To 700,000 Bpd After Crude Substation Fire

  Published 27 January 2017 | viewed 8,825 times

  Libya has restored oil production to around 700,000 barrels per day after losing 60,000 barrels per day to a technical malfunction at the Sarir oilfield…

• UK Court Shuts Down Nigeria Oil Spill Case Against Shell

  Published 26 January 2017 | viewed 7,565 times

  Oil major Royal Dutch Shell (RDS.A) cannot be sued in London over Nigerian oil spills, the High Court ruled Thursday, heading off any future attempts…

• ‘’Oil To Remain Below $60 Through 2018’’

  Published 25 January 2017 | viewed 17,522 times

  Crude oil and other liquids inventories grew by 2.0 million barrels per day in the fourth quarter of 2016, the US Energy Information Administration (EIA)…

• As Russia Cuts Output, BP Says It Won’t Be Harmed

  Published 25 January 2017 | viewed 8,201 times

  One of the world’s leading integrated oil and gas companies, BP, survived sanctions against Russia and now says that the OPEC and non-OPEC oil production…

• Equatorial Guinea May Become Next New OPEC Member

  Published 23 January 2017 | viewed 8,943 times

  Equatorial Guinea has applied to join OPEC as its 14th member during a visit by Mines and Hydrocarbons Minister Gabriel Mbaga Obiang to the compliance…

• 60,000 Bpd Offline In Libya After Technical Malfunction

  Published 23 January 2017 | viewed 10,603 times

  After an electrical failure at the Sarir oilfield caused by a fire at a substation, Libya’s oil production has fallen by 60,000 barrels per day,…

• OPEC To Meet In Vienna This Weekend For Oil Cut Compliance

  Published 20 January 2017 | viewed 24,462 times

  This weekend the representatives of OPEC and several other major oil producers outside of this group, including Russia, are meeting in Vienna for their first…

• Saudi Energy Minister Says 1.5M Bpd Of Oil Off The Market Now

  Published 20 January 2017 | viewed 14,400 times

  Some 1.5 million of an agreed upon 1.8 million barrels per day of oil has been taken out of the market in January, Saudi Arabian…

• $50B Project Could Make Saudis Major Renewable Energy Exporters

  Published 20 January 2017 | viewed 10,739 times

  Saudi Arabian Energy Minister Khalid Al-Falih says the Kingdom has designs of becoming a “major exporter” of renewable energy, targeting the European market for starters.…

• Will The Global Puppet Masters Destroy Ukraine’s Gas Transit Business

  Published 19 January 2017 | viewed 14,501 times

  Ukraine is about to lose its precious gas-transit business as its state-run gas giant struggles to function as the puppet of multiple geopolitical players and…