Ecuador Abandons The OPEC Deal: Who’s Next?
Ecuador announced its withdrawal from the OPEC agreement this week, a move that could shake the foundation of a deal that was already starting to show some cracks. “We need Continue Reading
U.S. prepares sanctions against senior Venezuelan officials: sources
The Trump administration is preparing sanctions against several senior Venezuelan officials, including the country’s defense minister and a ruling party leader, for alleged human rights violations and could announce the Continue Reading
Venezuela Fires Back at Trump
Venezuela’s government issued a firm rebuke of President Donald Trump on Tuesday after he threatened to put sanctions on the troubled oil-exporting nation unless its increasingly authoritarian leader, Nicolás Maduro, Continue Reading
Venezuela’s National Oil Company On Its Last Legs
On Sunday 9 th , 2017 Venezuela hit a hundred days of anti-dictatorial regime demonstrations. Hundreds of thousands of Venezuelans have taken over main streets and roads demanding a new Continue Reading
One Way Or Another – Venezuela Will Send Oil Prices Up
In a desperate bid to survive its economic meltdown, Venezuela is lobbying other OPEC members to agree to steeper oil production cuts, a move that would likely lead to higher Continue Reading
China drafts new rules for oil storage industry
Beijing on Wednesday issued a draft of new regulations for China’s growing oil and fuel storage industry, helping loosen the state-owned oil majors’ grip on the sector as the nation Continue Reading
China Economic Expansion Exceeds Estimates on Factory Rebound – Bloomberg
China’s economy maintained its momentum last quarter, as global trade and domestic demand spurred a pickup at the nation’s factories. Key Points Gross domestic product increased 6.9 percent in the Continue Reading
U.S. uncompleted well backlog hangs over oil market: Kemp
U.S. oil and gas exploration and production companies are drilling new wells faster than they can be fractured and hooked up to gathering systems, creating a growing backlog of drilled Continue Reading
California Legislature Approves Climate-Change Measure
California Gov. Jerry Brown scored a major win for his climate-change agenda Monday night when the legislature approved an extension of the state’s cap-and-trade program. Mr. Brown had struggled to Continue Reading
Coal and Nuclear are Uneconomic — More Bombshells from Perry’s Draft Grid Study
On Saturday, we reported that a leaked draft of Energy Secretary Rick Perry’s grid study obtained by Bloomberg debunks his attack on renewable energy. ThinkProgress has now obtained a copy Continue Reading