MEOG Week 22
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Issue 772 03•June•2020 Week 22
Eyes on Iranian fuel movements
Seeking to deter further shipments of Iranian fuel to Venezuela, the Trump administration has quietly issued a warning about further shipments.
OPEC+ swithers on output measures OPEC+ and its allies will decide as soon as this week whether or not to extend their historic output cuts.
Iraq’s rig count drops
Iraq’s oil-rig count has tumbled by almost two-thirds this year after IOCs were ordered to cut spending.
Petrofac seals Basra extension
Petrofac has secured a six-month contract extension for Iraq’s key oil export expansionproject.
