In July, Venezuela’s oil production came in lower than PDVSA had targeted, according to Argus Media . While PDVSA had hoped that it, along with its joint venture partners, would Continue Reading
First it was peak oil—back in the 1970s, no less. Then it was peak oil again and again. Now we have moved up a rung and are worrying about peak Continue Reading
Royal Dutch Shell is doubling down on drilling for oil far beneath the oceans, as the energy group eyes a cash bonanza from traditional deepwater projects despite a growing focus Continue Reading
President Vladimir V. Putin of Russia has yet to translate divisions in the West into fewer sanctions against Russia. MOSCOW — From Moscow to Washington to capitals in between, the Continue Reading
The current easing of the short-term concerns about oil supply could only be temporary, because the return of the U.S. sanctions on Iran—possibly coupled with production problems elsewhere—could make maintaining Continue Reading
The IEA said in a new report that more supply from Saudi Arabia and Russia has eased supply concerns, but that the current lull in the oil market might only Continue Reading
Oil prices rose more than 1 percent on Friday as U.S. sanctions against Iran looked set to tighten supply, but futures remained lower for the week as investors worried that Continue Reading
U.S. sanctions on Iran could push oil prices up to $90 per barrel later this year. The first round of U.S. sanctions on Iran just took effect, a slew of Continue Reading
The chief commodity researcher at Goldman Sachs says the bull case for oil remains in tact despite an escalating trade dispute between the world’s two biggest economies that has stoked Continue Reading
Concerns about the lack of available oil on the market have faded, but it may be the calm before a storm triggered by U.S. sanctions, a market report found. “Concerns Continue Reading
