On July 15, 2016, a new chapter opened in Turkish political history. A group of military officers attempted a coup to overthrow the Erdogan regime in Turkey. Recep Tayyip Erdogan Continue Reading
Nigeria’s revenue fell to the lowest in at least one year in May as militant attacks in the oil-producing Niger River delta caused crude production to slump. The federal government Continue Reading
The crisis in Venezuela has spread to its closest ally Cuba, with Havana warning of power rationing and other shortages that some fear could mark a return to the economic Continue Reading
Even for Venezuela’s notoriously opaque economy, it was a sweetheart deal that went too far. Last August, state oil company Petroleos de Venezuela SA issued one of its largest tenders Continue Reading
Lack of infrastructure crimps exports from private refineries Not commercially viable to export fuel now: Teapot association Oil refiners rocked by a market glut in Asia are finding some solace Continue Reading
Rising sea levels due to hurricanes and tidal flooding intensified by climate change will put military bases along the U.S. East Coast and Gulf Coast at risk, according to a Continue Reading
BP says second-quarter refining margins drop to 6-year low Downstream business was key last year in cushioning cheap oil If Big Oil was a two-engine airplane, you could say it’s Continue Reading
Getting older rail cars that carry crude oil out of service quicker means eliminating the weakest link in the chain of safety, the Canadian government said. Canadian Transport Minister Marc Continue Reading
Currency catching up with crude after verbal interventions Bonds fall, pushing five-year yields to highest in two weeks The ruble extended its worst losing streak of this year, pressured by Continue Reading
Even though results for the second quarter show yet another loss, BP CEO Bob Dudley said thousands of barrels of new production is coming online this year. BP said Tuesday Continue Reading
