A U.S. probe into the laundering of US$1 billion from Venezuela’s state-owned oil company PDVSA has spread to the country’s president, Nicolas Maduro, the Miami Herald reports , citing unnamed Continue Reading
Mexican imports of gasoline from China in June spiked to a new monthly high in June, while imports from the US, Mexico’s most important gasoline supplier, declined in the same Continue Reading
Mexico’s incoming president has begun fleshing out his rescue plan for the country’s long-neglected oil sector. Andrés Manuel López Obrador’s proposals include a $4bn capital injection for state oil company Continue Reading
Japan’s largest exploration and production company, Inpex, said on Monday that it had started producing gas at the Ichthys liquefied natural gas (LNG) project, which has cost US$40 billion and Continue Reading
China’s finance ministry said on Tuesday it will scrap vehicle and vessel taxes on new energy vehicles and ships powered by natural gas, as part of its efforts to encourage Continue Reading
China’s business activities faltered in July in the first official data to reflect the impact of U.S. tariffs, adding to signs that trade tensions have started to pinch economic growth. Continue Reading
Seoul — South Korea is planning to cut taxes on LNG by 74% and raise taxes on coal for power generation by 27% next year in an effort to cut Continue Reading
The federal government created the Strategic Petroleum Reserve in the mid-1970s after the Arab Oil Embargo created a shortage of crude in the U.S. The idea of having a strategic Continue Reading
Source: U.S. Energy Information Administration, Monthly Energy Review and State Energy Data System U.S. energy expenditures declined for the fifth consecutive year, reaching $1.0 trillion in 2016, a 9% decrease Continue Reading
A visit from Jean-Claude Juncker, the President of the European Commission, to Washington last week resulted in an agreement between two of the biggest economic blocs in the world, which Continue Reading
