Goldman Sachs: Oil Market To Rebalance By Early 2018
Recent data show that the rebalancing of the oil market is speeding up and if the drawdown trends are sustained, stockpiles will normalize by early 2018, Goldman Sachs said on Continue Reading
Is This Oil Price Rally Sustainable?
Oil prices are on track for the biggest weekly gain so far this year, with Brent solidly above $50 per barrel and WTI not far behind. Shell’s CEO: Oil prices Continue Reading
Big Oil Posts Healthy Profits
The largest U.S. energy companies reported robust earnings on Friday, continuing a quarter in which the world’s big oil firms have posted some of their strongest gains since a pronounced Continue Reading
Russia drafts agreement to tap Iranian oil fields
Russia and Iranian agreement involves the potential to tap into Iranian oil fields. The signing of the deal comes as both countries face tighter sanctions pressure from U.S. lawmakers. Image Continue Reading
U.S. lawmakers expect more sanctions on Venezuela over vote
Republican U.S. lawmakers said on Friday they expected Washington would announce more sanctions on Venezuela if its government proceeds with an effort to elect a legislative body that critics call Continue Reading
Venezuelan oil sanctions carry risks for U.S. economy
The U.S. Treasury Department is ready with tougher sanctions on Venezuela, including crude oil restrictions, but may hold back, an industry report read. On Wednesday, the U.S. Treasury Department sanctioned Continue Reading
Fear spreads in Venezuela ahead of planned protest of controversial election
Venezuela prepared Friday for a possible showdown between opposition protesters and government forces ahead of a vote that critics decry as a final step toward authoritarian rule in the South Continue Reading
Colombia ‘will not recognise’ Venezuela’s assembly vote
“Down with the dictatorship,” reads graffiti on a Caracas wall Colombia’s President Juan Manuel Santos says his country will not recognise the result of Sunday’s vote in neighbouring Venezuela to Continue Reading
Alaska energy threat a new low, House leader says
The Trump administration walked an ethical line by using a “bag man” to threaten Alaska’s energy over a healthcare vote, a leader in the U.S. House said. U.S. Sen. Lisa Continue Reading
U.S. wind power momentum up 40 percent from last year
About half of the population in the state of Kansas could now be drawing energy from wind power as the U.S. sector gains momentum, an industry report showed. A quarterly Continue Reading