The world needs to invest US$25 trillion in new oil-producing capacity over the next 25 years to meet growing demand, Saudi Aramco’s chief executive Amin Nasser said at the World Continue Reading
No compatible source was found for this media. Saudi Aramco CEO: Oil-Tax Rate Would Be Reduced for IPO Saudi Arabia has promised it will reduce the overall tax rate paid Continue Reading
Mexico’s state oil company Pemex began receiving imported fuel by train at a new privately run terminal for the first time in January as companies expand storage and transportation operations Continue Reading
Shipping operations at one of three docks of Venezuela’s main crude exporting port were halted after an oil spill occurred while loading a vessel bound for India, union and shipping Continue Reading
Incoming U.S. President Donald Trump may have an unexpected ally: Venezuela’s socialist and much-criticized President Nicolas Maduro. Just days ahead of the inauguration in Washington, Maduro said he was taking Continue Reading
Crude oil production in the Asia-Pacific is falling at a unique rate, according to a report from Wood Mackenzie, with China accounting for about half of the decline, Wood Mac’s Continue Reading
While all eyes are on OPEC to see whether or not they will follow through on production cuts, there is another major source of oil supply that will have a Continue Reading
A U.S. Senate committee will grill President-elect Donald Trump’s pick to run the Department of the Interior, Congressman Ryan Zinke of Montana, during a confirmation hearing on Tuesday that is Continue Reading
The energy sector over the next few years may look markedly different than it has over the last few years. Aside from political changes and OPEC’s rebalancing efforts, the markets Continue Reading
Oil-price gains will trigger a “significant” increase in U.S. shale output as OPEC and other producers rein in supply, according to the head of the International Energy Agency. “U.S. shale-oil Continue Reading
