Venezuela Seeks OPEC Support Against U.S. Sanctions
“I kindly request solidarity and support from our fellow members,” Venezuela’s Oil Minister Manuel Quevedo wrote in a letter to OPEC seen by Bloomberg News . In the letter, Quevedo Continue Reading
Venezuela Releases Chevron Execs In Effort To Smooth Relationships With US
Venezuela has released two local Chevron executives that were arrested back in April on corruption allegations, Reuters reports , citing sources from Caracas and Chevron. A source close to Chevron Continue Reading
Venezuela’s PDVSA transfers oil at sea despite customer qualms
Venezuela has begun testing sea-borne oil transfers to ease a severe backlog of crude deliveries from its main terminals, according to sources and data, as chronic delays and production declines Continue Reading
China May crude oil imports ease from record as refiners curb operations
China’s May crude oil imports eased away from record highs hit the month before, customs data showed, with state-run refineries entering planned maintenance and some independent plants told to curb Continue Reading
China May coal imports flat as government controls stifle buying
China’s coal imports in May were almost unchanged from the same month a year earlier as tight government curbs on shipments, designed to cool an overheating market, kept a lid Continue Reading
China Deals Shocking Blow To Solar Industry
Market researchers are in a rush to lower their solar capacity addition forecasts for this year after China surprised everyone by announcing it will not issue approvals for any new Continue Reading
The market for LNG is getting tighter
Growing demand from China should soak up some of the spare capacity of LNG to the modest relief of emerging suppliers like the United States, analysis finds. Chinese economic policymakers Continue Reading
Oil Search finds new gas in Papua New Guinea
A new gas discovery was made in Papua New Guinea and data assessments are now geared toward commercial developments, a key regional player said. Oil Search announced Thursday it encountered Continue Reading
Hiring Frenzy Spurs Wage War In The Permian
The Permian basin is on fire, and the current boom cycle in its oil industry is posing an interesting challenge that area in Texas: Right now, that challenge is a Continue Reading
Key ‘step forward’ in cutting cost of removing CO2 from air
The pilot plant has been built in British Columbia and is extracting about a tonne of CO2 every day A Canadian company, backed by Bill Gates, says it has reached Continue Reading