New deal to unlock KRG gas production
KRG Minister of Natural Resources Ashti Hawrami (center left) and Majid Jafar, CEO of Crescent Petroleum and a director of Dana Gas (center right), sign a Gas Sales Agreement on Continue Reading
Did Venezuela Just Lose A Key Ally?
Venezuela’s debt crisis is only expected to grow worse this year, and the government could be without one of its most important benefactors, raising the odds of yet another default. Continue Reading
Is Guyana Prepared For An Oil Boom?
Guyana’s story shares many similarities with the story of the ugly duckling. One of the poorest countries in South America, it has historically been entirely dependent on oil imports. In Continue Reading
China takes minority stake in oil offshore United Arab Emirates
China is the next in line to take a stake in license areas off the coast of the United Arab Emirates, following European companies into the region. File photo by Continue Reading
China’s oil futures: frazzle or dazzle for foreign traders?
China’s crude oil futures, to be launched on Monday, will be a major step in Beijing’s years-long push to win greater sway over oil pricing, but for western traders it Continue Reading
How Tariffs Dampen the Energy Boom
Is someone in the White House colluding with China? The Trump administration’s decision to impose tariffs on imported aluminum and steel lets China off the hook for its chronic and Continue Reading
Largest Gulf of Mexico Lease Sale In History Attracts Lukewarm Interest
The Interior Department’s U.S. Gulf of Mexico Lease Sale 250 attracted $139 million in bids concentrated in deepwater offshore Louisiana and others areas near the Mexican border, according to a Continue Reading
Trump set for China tariff announcement on Thursday, trade war fears grow
President Donald Trump will announce tariffs on Chinese imports on Thursday, a White House official said, in a move aimed at curbing theft of U.S. technology that is likely to Continue Reading
U.S. crude oil stockpiles fall in week as imports drop: EIA
U.S. crude oil stockpiles fell unexpectedly last week as imports dropped and refining rates jumped, while gasoline and distillate inventories also declined, the Energy Information Administration said on Wednesday. Crude Continue Reading
Record-size U.S. offshore oil lease sale draws modest bidding
The largest lease sale in American history in the offshore Gulf of Mexico yielded $124.76 million dollars in winning bids on Wednesday, a modest response to the Trump administration’s effort Continue Reading