It’s meant to be a cash cow, but the state oil company of Africa’s biggest producer is bleeding money. The Nigerian National Petroleum Corporation, the Abuja-based behemoth that dominates Nigeria’s Continue Reading
The coup plot by disgruntled Venezuelan military officers in March was audacious: Seize control of the capital’s military bases, arrest President Nicolás Maduro and install a provisional government to replace Continue Reading
WASHINGTON (Reuters) – The U.S. Treasury imposed sanctions on four Venezuelans and three Florida-based companies under a program meant to pressure Caracas over what the United States sees as its Continue Reading
Maduro’s popularity dealt a severe blow when a fall in oil prices in 2014 lead to an economic crisis. Caracas: Latin America’s top oil exporter, Venezuela , is deep in Continue Reading
PetroChina, the country’s top gas producer, has curbed supplies of the fuel to some industrial users in northern and western regions, in the first sign of emerging tightness only two Continue Reading
PetroChina has begun cutting natural gas deliveries to certain industrial clients signaling still tight supply of the fuel that caused rather severe shortages in northern China in December. Reuters quotes Continue Reading
The U.S. oil rig count held steady this week after rising for six weeks in a row even as crude prices soar to multi-year highs, prompting drillers to extract record Continue Reading
US drillers added 1 rig to the number of oil and gas rigs this week, according to Baker Hughes, with oil rigs holding steady and gas rigs adding one. The Continue Reading
Justin Trudeau’s pipeline nightmare may be only getting started. As Kinder Morgan Inc. drives a hard bargain in Canada’s attempt to save the Houston-based company’s embattled Trans Mountain project, the Continue Reading
US drivers might be feeling flush after getting tax cuts amid a growing economy as they embark on the summer driving season. (Bloomberg) — U.S. drivers might be feeling flush Continue Reading
