Oil on Thursday touched $80 a barrel in London for the first time since 2014 as U.S. crude inventories fell and analysts raise their forecasts for crude prices amidst renewed Continue Reading
Venezuela’s diplomatically-isolated president received a show of support from Turkish counterpart Tayyip Erdogan on Thursday ahead of a weekend election boycotted by the opposition coalition and decried by Washington. Venezuela’s Continue Reading
Oil firms that have won drilling rights during Mexico’s landmark energy reforms have made little progress on developing about two-thirds of the projects because of the nation’s tangled regulatory regime, Continue Reading
Oil prices are poised to break through $80 per barrel and Asia’s demand is at a record, pushing the cost of the region’s thirst for crude to $1 trillion this Continue Reading
At the EIC Energy Vietnam Conference held today in Ho Chi Minh City (Saigon), there was considerable talk from a multitude of players discussing in length oil and gas development Continue Reading
Russia’s Rosneft earlier this week announced that it had started drilling a production well off the coast of Vietnam in the South China Sea. Today, two sources close to the Continue Reading
There may be limitations for U.S. crude oil exports to long-distant economies because of limited port access for large-scale carriers, the government said. The United States is on pace to Continue Reading
The United States is on pace to become one of the largest LNG exporters in the world, federal data show. Photo courtesy of Royal Dutch Shell May 17 (UPI) — Continue Reading
Russia lawmakers moving forward on sanctions that could be a tit-for-tat response to Washington’s actions. Photo courtesy of Gazprom May 17 (UPI) — Legislation enacted Thursday in the Russian parliament Continue Reading
Weekly Petroleum Status Report U.S. crude oil exports averaged 1.1 million barrels per day (b/d) in 2017 and 1.6 million b/d so far in 2018, up from less than 0.5 Continue Reading
