The Oil Glut Rewrites History
The good news for oil bulls is that U.S. stockpiles of the stuff, while still bloated, are now firmly back inside the historical range. The bad news is that all Continue Reading
Iran Seeks 500,000 Bpd Oil Swap With Caspian Countries
Iran is ready to swap 500,000 bpd of oil with its fellow Caspian Sea countries, Iranian Fars news agency reported on Friday, quoting a senior official. According to Hamid Hosseini, Continue Reading
Big Oil Nervous As Venezuela’s Maduro Seizes More Power
The pro-government constitutional assembly loyal to Venezuelan President Nicolas Maduro seized the powers of the opposition-led congress today, in a move that necessarily has Big Oil nervous that Trump will Continue Reading
Venezuela’s constituent assembly assumes power to legislate
Venezuela’s new legislative superbody on Friday gave itself the power to pass laws, superseding the opposition-led congress and fueling criticism by government adversaries that socialist President Nicolas Maduro is consolidating Continue Reading
Venezuela’s New, Powerful Assembly Takes Over Legislature’s Duties
Venezuela ’s new Constituent Assembly granted itself wide powers to write and pass legislation on Friday, a move that essentially nullifies the opposition-led legislature and puts President Nicolás Maduro’s party Continue Reading
Venezuela’s PDVSA defends ‘perfect’ relationship with Russia
Venezuela’s alliance with Russia is “perfect,” the president of state oil company PDVSA said on Friday, blasting what he said was a U.S.-led attempt to sully the growing ties between Continue Reading
Electric cars may take over Indian roads by 2020
Even as Indians take to the road like never before, consumers could well be buying their last petrol or diesel car, according to a US-based expert. Using the country’s quick Continue Reading
Climate Change Opens Up Shorter Arctic Passage For LNG
The Cristophe de Margerie, an LNG carrier commissioned by French Total, has become the first tanker to pass the Arctic unaided and is now en route to its destination in Continue Reading
China sees apparent natural gas consumption rising by 10 pct in 2017
China expects its apparent natural gas consumption to rise over 10 percent year-on-year to around 230 billion cubic meters (bcm) this year, the official Xinhua news agency said on Saturday Continue Reading
Efforts mount to expand U.S. offshore drilling
After a rebound in the value of high bids for oil and gas acreage in the Gulf of Mexico, industry supporters said it was time to push for greater access. Continue Reading