Output won’t rise much above 1 million barrels a day: WoodMac OMV says security must improve before it can send expats back The rapid increase in Libya’s oil production is Continue Reading
Saudi Arabia’s de facto head of government, Deputy Crown Prince and Defense Minister Prince Mohammed bin Salman bin ‘Abd al-’Aziz al Sa’ud, has gambled the survival of the House of Continue Reading
The Trump administration is concerned about any action by U.S. companies that provides a financial lifeline to Venezuela’s government, senior White House officials told Reuters, after Goldman Sachs Group Inc Continue Reading
A plywood shield in one hand, a gas mask over his face, Victor Ortega marched down the middle of the four-lane elevated highway, his eyes fixed on the front lines. Continue Reading
The Trump administration is considering possible sanctions on Venezuela’s vital energy sector, including state oil company PDVSA, senior White House officials said, in what would be a major escalation of Continue Reading
2017 could be an “above-normal” year for large hurricanes, according to the National Oceanic and Atmospheric Administration (NOAA), a potential problem for Gulf Coast oil drillers and refiners. NOAA puts Continue Reading
Cost cuts and efficiency—the two key ingredients of the U.S. shale’s recipe for surviving the worst of the downturn—have led to drillers now employing a growing number of rigs capable Continue Reading
Amid the frenetic activity of American shale oilfields recovering from a two-year recession sit a handful of oil towns that seemed impervious as many producers went into bankruptcy and the Continue Reading
Initially, trains in the Netherlands were set to run entirely on renewable energy by 2018. However, it seems officials have been able to beat that goal by an entire year. Continue Reading
This is not a joke, but neither should you worry if you are long oil, as the price will most likely hit (at least) $100 long before it heads south, Continue Reading
