What Does The Next OPEC Meeting Have In Store?
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 The 2 June 2016 OPEC Continue Reading
Iraq Facing Perfect Storm
Basrah Oil Field Iraq has been pumping oil at record-high rates since the start of the year, with daily output reaching 4.31 million barrels last month, most of which was Continue Reading
Israel, Egypt Said Nearing Compromise on Natural Gas Dispute
Israel and Egypt are close to a compromise that would sweep away a major obstacle to a multibillion-dollar natural gas deal. (Bloomberg) – Israel and Egypt are close to a Continue Reading
China seeks coal production capacity cuts by state-owned companies
Following a clampdown on illegal mines, China has now asked state-owned coal companies to cut their capacity by 10% and improve their efficiency, the Ministry of Finance said on its Continue Reading
Anti-Maduro protests blocked in Venezuela, tear gas fired
Venezuelan security forces fired tear gas at protesters in Caracas on Wednesday amid nationwide rallies demanding a recall referendum to end President Nicolas Maduro’s socialist rule. In the third day Continue Reading
The ice finally begins to crack in Venezuela
Venezuela is the great failure of the western hemisphere. A large, seemingly wealthy, apparently modern and resource-rich country, only a three-hour flight from the US, is on the brink of Continue Reading
Venezuela crisis deepens
It was around noon when a food truck rolled up to a Venezuelan state-subsidized supermarket in the town of Guarenas just east of the capital. But, to the fury of Continue Reading
For Fuel-Importing India, $50 Oil Seen as Economic Sweet Spot
India hasn’t run out of luck just yet. While oil that plunged below $30 a few months ago helped India contain inflation and shrink its trade deficit, a rebound to Continue Reading
China sets aside $4 billion to finance steel, coal capacity cuts
The Chinese central government will earmark 27.64 billion yuan ($4.23 billion) to help local governments pay for capacity closures in the steel and coal sectors this year, the finance ministry Continue Reading
India Sustains Crude Buying at Record, Boosts Diesel Imports
Imports at 4.39 million bbd; diesel buying at five-year high India sustained crude oil imports at a record and purchased more diesel than it has in the previous three years Continue Reading