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Uber, Lyft respond to Trump ban on entry to US from targeted countries

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Last Friday, President Trump signed an executive order suspending “immigrant and nonimmigrant entry” into the US from Iraq, Syria, Iran, Sudan, Libya, Somalia and Yemen for 90 days, with the potential for adding further countries of origin to the list of proscribed. Have lawyers and immigration experts will be on call 24/7 to help. Brief

$97.07

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Attack on pipeline in Yemen. As the price per barrel goes beyond $97, one story in the NY Times reports : •Bombing in Afghanistan kills 64. Domestic oil inventory to fall. Severe weather forecast for North Sea. Oil platforms evacuated. Dollar weak. Severe weather shuts Mexican ports, disrupts oil supply to US.

US EIA reminder: Strait of Hormuz world’s most important oil chokepoint; almost 20% of oil traded worldwide

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It is located between Yemen, Djibouti, and Eritrea, and connects the Red Sea with the Gulf of Aden and the Arabian Sea. —US EIA. Brief

Opinion: The Saudi Oil Price War Is Backfiring

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by Gaurav Agnihotri of Oilprice.com. Saudi Arabia has long enjoyed the status of being the top crude oil exporter in the world. Source: [link].

What Does The Next OPEC Meeting Have In Store?

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He said that without solutions to the conflicts in Syria and Yemen, an agreement is unlikely. by Rakesh Upadhyay for Oilprice.com. The next OPEC meeting on the 2nd of June will act as little more than a forum for continued altercations between Saudi Arabia and Iran. OPEC’s unity is now in the spotlight more than ever,” said an OPEC official.

INPEX and Total launch the $34B Ichthys offshore Australia LNG Project; entire 8.5 Mt/y LNG output already sold for 15 years

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The group has interests in LNG projects in Indonesia, Nigeria, Norway, Oman, Qatar, the United Arab Emirates, Yemen, Angola, and Russia. Location of the Ichthys project. Source: INPEX. Click to enlarge. INPEX is the operator—its first time in that role for a world-class project; Total holds a 24% interest. levels. million tons per year.

Opinion: Saudi Oil Strategy: Brilliant Or Suicide?

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They are fighting a multi-front war with Iran directly (in Yemen) and indirectly (in Syria, Lebanon, and Iraq). by Dalan McEndree for Oilprice.com. In October, Saudi sources first prepared the market with statements that the country would be comfortable with oil prices as low as $80 per barrel for “a year or two.” percent in 2014 to 3.3