Saudi Arabian Oil Co., the world’s largest crude producer, plans to increase the capacity of its main cross-country pipeline by 40 percent as the company expands oil fields in the Continue Reading
Saudi Arabia has summoned bankers to meetings in Riyadh next week as the oil exporter seeks to launch its debut international bond of around $15bn as early as July. Bankers Continue Reading
An oil rig, abandoned in fall 2014 as IS militants neared, has been fully secured as Kurdish and coalition forces gain ground between Erbil and Mosul. Peshmerga forces loading up Continue Reading
Nigeria’s oil-dependent economy is under siege from militants who are targeting oil and gas installations in the Niger Delta. President Muhammadu Buhari is to make his first visit to the Continue Reading
A militant group calling itself the Niger Delta Avengers issued a warning to oil companies working in the region that its campaign is about to get bloody. The Niger Delta Continue Reading
Venezuela is running out of just about everything. Food, medicine, electricity, toilet paper, condoms — you name it. And over the weekend at least two large international airlines — Lufthansa Continue Reading
Venezuela’s Oil Minister and President of the Venezuelan state oil company PDVSA Eulogio del Pino attends a plenary session of the National Oil and Gas Forum in Moscow, Russia, April Continue Reading
Mexican state oil giant Pemex has until 2018 to meet new fuel quality standards that will affect 40 percent of its diesel production that does not yet comply, the energy Continue Reading
As Venezuela drowns in debt and takes its state-run oil company, PDVSA, down with it, Reuters is reporting that BP has over 2 million barrels of oil stuck at a Continue Reading
Sadly, everyone has seemingly forgotten that the lessons of the past can help prepare us for the future. For example, one would assume that the sting of owning an truck Continue Reading
