Oil
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Economy
Why US Light Oil Cannot Replace Middle East Crude
DID Press: Energy experts say U.S. light crude oil cannot replace heavier Middle Eastern crude due to structural and chemical limitations that restrict its ability to meet global demand for refined fuels. According to leading analysts, including petroleum geologist Art…
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Afghanistan
Afghanistan Terminates Oil Extraction Contract with Chinese Company
DIDPress: Ministry of Mines and Petroleum of Afghanistan’s interim government announced the termination of a 25-year oil extraction contract for the Amu Darya oil field due to repeated violations. In a statement issued on Tuesday, June 17, the ministry said…
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