An oil derrick and wind turbines stand above the plains north of Amarillo, Texas, U.S., March 14, 2017. U.S. crude production is surging, complicating OPEC’s efforts to rebalance the oil Continue Reading
Output limits are helping re-balance crude market: Al Mazrouei Extension in cuts must be consensus decision, minister says OPEC and allied oil producers should extend their collective production cuts into Continue Reading
Masked gunmen assassinated the deputy director general of the state-run North Gas Company (NGC) Tuesday morning in Kirkuk.Iraq’s northern oil sector has been buffeted by violence in recent years, due Continue Reading
Government will still own wells, deputy crown prince says Offering about 5% stake in Aramco’s concession in 2018 Saudi Arabia will retain full ownership of its oil and gas reserves Continue Reading
Has OPEC failed? That’s the question analysts have begun to ask , approaching the group’s next meeting later this month. When the members gather at their headquarters in Vienna, it Continue Reading
A rift has opened between Libya’s U.N.-backed government and its powerful National Oil Corporation (NOC), threatening the fractured country’s political cohesion and its nascent petroleum-industry recovery. On Monday, NOC Chairman Continue Reading
The likelihood of OPEC and major non-OPEC producers agreeing to extend their ongoing crude oil output cut is near certain, two prominent analysts said Monday. Related article: OPEC faces challenging Continue Reading
India’s ageing power stations will miss a government deadline to slash their emissions, the country’s power minister has admitted, as he reiterated the country’s longstanding position that the responsibility for Continue Reading
General Motors Co. is taking a $100 million charge to write off its operations in troubled Venezuela, where authorities last month unexpectedly seized its production plant on a court order, Continue Reading
The number of LNG carrier transiting the Panama Canal could average one a day by 2021 as more US supply comes on stream and targets demand in North Asia, according Continue Reading
