A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. Continue Reading
Oil entered bear market territory this week as WTI and Brent fell more than 20 percent from their June peaks. WTI even dropped below $40 per barrel for the first Continue Reading
It used to be that when it came to the world economy, oil prices and economic growth were more like distant cousins who disliked each other rather than a happily Continue Reading
Venezuelan exports of natural gas to Colombia are unlikely in the short term, despite state-owned PDVSA’s claims to have increased its gas production in 2015 by 334,000 Mcf/d or 4.3% Continue Reading
Dar es Salaam — The government is expected to start an environmental impact assessment (EIA) at the end of this month on land where a $30 billion (Sh64.4 trillion) liquefied Continue Reading
BP and Shell are trading with dividend yields above 7%, while Eni, which cut its… It all seemed to be going so well, but European oil groups have stumbled again. Continue Reading
Facing the imminent advance of Iraqi forces, militants from the self-proclaimed Islamic State (IS) have looted, bulldozed and torched the Qayarah refinery, and are trying to weaponize oil from nearby Continue Reading
Medium-term growth needs to be higher to absorb job seekers In October, the International Monetary Fund warned that Saudi Arabia could deplete its financial assets within five years. It’s now Continue Reading
Unity government reached a deal with guards to reopen ports Measure viewed as insufficient to drive up flows from country Oil traders who specialize in purchasing cargoes from Mediterranean ports Continue Reading
Jamaica has announced it will pay back some of its oil debt to Venezuela in food, medicines and fertiliser as the country’s economic crisis continues. Venezuela is currently suffering from Continue Reading
