OPEC Grapples With Growing Threats to Oil Deal
OPEC is worried that its plan to drain a global oil glut—and thereby raise crude prices—isn’t working. A long-planned meeting in St. Petersburg, Russia, on Monday to discuss the oil Continue Reading
No Winners in Gulf Feud as Saudi, Qatari Assets Converge on Oil
Investors aren’t taking sides in the biggest political crisis in the Gulf in decades because their focus has already returned to oil. Seven weeks after Saudi Arabia led a Continue Reading
IMF Sees 2017 Saudi Growth ‘Close to Zero’ on Oil Prices, Cuts
Saudi Arabia’s economy will stall this year with growth “close to zero” due to lower oil revenue, the International Monetary Fund said. The fund lowered its 2017 growth forecast to Continue Reading
Libya’s Oil King Won’t Be Stopped By OPEC
Conflict-torn Libya, divided between rival factions in the east and the west, recently reached 1 million bpd of crude oil output—for the first time since 2013. The oil production recovery Continue Reading
Saudi Arabia Turns Off the U.S. Oil Tap
At last, Saudi Arabia seems to be doing what it takes to reduce the world’s most visible oil glut: the one in the U.S. Unfortunately, its renewed vigor comes as Continue Reading
Aggressive U.S. Oil Sanctions Could Bankrupt Venezuela
The U.S. government has warned that it would take “swift economic actions” if the Venezuelan government proceeds with a July 30 move to rewrite the constitution to consolidate power in Continue Reading
China’s Diesel, Gasoline Exports Surge to Ease Domestic Glut
China’s diesel and gasoline exports surged in the first half of the year as a domestic supply glut and slowing demand growth prompted refiners to sell more fuel abroad. Diesel Continue Reading
Trump May Have Unintentionally Killed U.S. Nuclear
President Trump has a different view of climate change than the previous administration. His decision to disassociate the U.S. from the Paris Climate Accords has received the lion’s share of Continue Reading
Mystery surrounds only oil well drilled in ANWR
With oil development advocates again emboldened by the prospects of cracking open the Arctic National Wildlife Refuge, a big secret that could add to the continuing debate over exploration remains Continue Reading
EPA chief spent almost half of spring in home state of Oklahoma
The head of the U.S. Environmental Protection Agency, Scott Pruitt, was in his home state of Oklahoma on at least 43 of the 92 days of March, April and May, Continue Reading