ExxonMobil said on Wednesday that it had made its seventh oil discovery offshore Guyana, striking a high-quality, oil-bearing sandstone reservoir that would be developed together with the other giant fields recently discovered in the area and would bring Guyana’s oil production to more than 500,000 bpd. Source: Oil Price
A rally was held outside the office of the United Nations in Yemen’s capital Sanaa on Monday to protest against measures of the Saudi-led coalition to hold and prevent ships carrying oil products from docking at Yemen’s ports, the Houthi-controlled Saba news agency reports as the warring parties in the nearly four-year-long conflict hold UN-brokered peace talks in Sweden. Source: Oil Price
A Chinese court has banned the sale and import of most iPhone models in a stunning decision amid the trade war between the United States and China. Source: CNN
Venezuela’s President Nicolas Maduro said on state television that Venezuela would put in place in 2019 a program to sell all its oil production in the Petro cryptocurrency, which the leader is touting as the first state-backed oil-backed digital currency. Source: Oil Price
