Nobody in Venezuela seriously doubts who will win the presidential election the country holds next weekend; certainly not President Nicolás Maduro. “The revolution is going to record the biggest victory Continue Reading
ConocoPhillips has seized the oil product inventory of Venezuela’s state oil company PDVSA following the issuance of two court orders granting it this right as part of efforts to enforce Continue Reading
Ten oil tankers remain anchored Monday at ports throughout the Caribbean, awaiting payment from Venezuelan state oil company PDVSA to discharge 3.124 million barrels of refined products, according to sources. Continue Reading
Beijing’s investment in the region is shifting from oil and other commodities to services Latin America’s commodities boom has faded, and with it has gone much of the Chinese oil Continue Reading
The world is currently watching the growing tensions in the Middle East, and oil market analysts are guesstimating just how much Iranian oil supply the renewed U.S. sanctions could stifle. Continue Reading
A U.S. decision to reimpose sanctions on Iran is supporting China’s newly established crude oil futures, and may spur efforts to start trading oil in yuan rather than dollars, traders Continue Reading
Ending an extended session, state lawmakers in oil-rich Alaska reached a compromise that helped bridge a budget gap, the governor said. “Lawmakers in the House and Senate — Democrats, Republicans, Continue Reading
Shale drillers are ramping up production in the U.S. as oil prices rise, moving beyond the West Texas oil field that became the country’s drilling center. From Oklahoma to North Continue Reading
The Drilling Productivity Report uses recent data on the total number of drilling rigs in operation along with estimates of drilling productivity and estimated changes in production from existing oil Continue Reading
ConocoPhillips is focusing on its U.S. shale business and is getting ready to sell some or all of its North Sea assets that could fetch US$2 billion, Reuters reported on Continue Reading
