NRGBriefs: Biden’s Middle East Trip, Sasol’s Force Majeure

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(Energy Analytics Institute, 14.Jul.2022) — Energy briefs including US President Joe Biden continues meeting with world leaders in the Middle East as part of his tour of the region; and US-based Occidental to host second quarter 2022 conference call on 3 August 2022.

MIDDLE EAST

Israel

— US President Joe Biden continues meeting w/ world leaders in the Middle East as part of his tour of the region. “I had the pleasure to join the first leaders meeting of the United States, India, Israel, and the United Arab Emirates,” Biden said 14 Jul. 2022 in a tweet posted by The White House. “Together, the I2U2 will harness the vibrancy and entrepreneurial spirit of our nations to tackle some of the greatest challenges confronting our world,” Biden said.

NORTH AMERICA

US

Occidental (NYSE: OXY) will release its 2Q:22 financial results after close of mkt on 2 Aug. 2022, and will hold a conf. call to discuss results on 3 Aug. at 1pm EST/12pm CST. Callers can gain access by dialing 1.866.871.6512 (int’l callers dial 1.412.317.5417) or via webcast at oxy.com/investors. Participants can pre-register for the conf. call at https://dpregister.com/sreg/10167695/f304038e53.

AFRICA

South Africa

On 15 Jul. 2022, Sasol declared force majeure on the supply of petroleum products to its commercial customers, following delays in crude oil shipments to Natref due to a force majeure at the loading port. Crude oil supply has subsequently been partially restored. Natref is expected to restore production capacity by the end of Jul.y 2022, the co. said in an official stmt.

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By Ian Silverman, Aaron Simonsky and Piero Stewart. © Energy Analytics Institute (EAI). All Rights Reserved.

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