OPEC production cuts have created record Asian demand for European oil and made China the second biggest consumer of North Sea crude as flows from its usual Middle East suppliers Continue Reading
Iraq will go with the consensus reached by OPEC when the oil exporter group meets in Vienna next month to discuss extending production cuts, the country’s oil minister said on Continue Reading
Petroleum use will keep growing for decades to come: Nasser World’s largest producer remains on track for IPO next year The boss of Saudi Arabia’s state oil company defended petroleum Continue Reading
A rift has opened between Libya’s U.N.-backed government and its powerful National Oil Co., threatening the fractured country’s political cohesion and its nascent petroleum-industry recovery. Libya’s oil-industry chief, Mustafa Sanallah, Continue Reading
The logo of Mexico’s state-owned company Pemex is pictured at a refinery in Cadereyta, on the outskirts of Monterrey, Mexico, April 20, 2017. The board of Mexico’s state-owned oil company Continue Reading
Crude oil production falling as focus shifts to natural gas PetroChina swings to profit, Sinopec income more than doubles Oil’s recovery is helping ease the pain of shrinking output by Continue Reading
On April 16th, Chinese investments in Pakistan through the much-vaunted China-Pakistan Economic Corridor (CPEC) were revised upwards, from $46 billion to a whopping $62 billion . The project, part of Continue Reading
Shale oil output in the United States is rising much faster than expected and gaining market share globally, increasing the risk of a “volume war” with OPEC and weaker oil Continue Reading
Energy producers among most taxed sectors in U.S.: BI report But cut in corporate rate may also jeopardize tax deductions While President Donald Trump’s plan to cut corporate income taxes Continue Reading
U.S. presidential remarks about Alaska and senate measures on offshore drilling may point to an executive action on oil and gas, authorities on the matter said. “We’re going to take Continue Reading
