Crude oil prices jumped a percent today on comments from Saudi Arabia’s Energy Minister Khalid al-Falih, who said he expected the OPEC+ production cut deal would be extended into next Continue Reading
The United States on Wednesday placed sanctions on 15 South Sudanese oil-linked operators it said were substantial sources of revenues for the government, aimed at increasing pressure on President Salva Continue Reading
Venezuelan President Nicolas Maduro says he’s tackling the country’s staggering inflation by lopping three zeros off the increasingly worthless bolivar currency. Maduro announced the strategy in a state television broadcast Continue Reading
Angry Venezuelan oil workers demanding better benefits to counter crushing hyperinflation and food shortages clashed with security officials during a rare protest in the cafeteria of state oil company PDVSA’s Continue Reading
The state-owned oil company in Venezuela said Friday it welcomed a move by the president to support a currency targeted by U.S. sanctions. The U.S. Treasury Department followed through this Continue Reading
Asia’s oil and gas producers are starting to revive projects aimed at deflating years of ballooning energy imports after new investment dried up following the 2014 industry crisis. Spending has Continue Reading
Commerce Secretary Wilbur Ross (L) speaks alongside President Donald Trump before the president signed an executive memorandum targeting China on trade. Trump’s memorandum is aimed at cracking down what he Continue Reading
Vietnam has suspended a second oil drilling project in the South China Sea in less than a year, after pressure from China which claims a large swath of the sea, Continue Reading
The launch of China’s yuan-denominated oil futures will mark the culmination of a decade-long push by the Shanghai Futures Exchange (ShFE) aimed at giving the world’s largest energy consumer more Continue Reading
After being in the works for well over half a decade, China is finally launching its own crude futures contract next week, with the ultimate goal of creating a yuan-denominated Continue Reading
