The lack of a consensus highlights inequities between oil-producing countries that can boost output beyond current levels and those that can’t. The former group would like to see a rise Continue Reading
The lack of a consensus highlights inequities between oil-producing countries that can boost output beyond current levels and those that can’t. The former group would like to see a rise Continue Reading
World oil demand will peak at 104.4 million barrels per day (bpd) in the mid-2030s, up from just below 100 million bpd currently, as new technologies gradually eat into oil Continue Reading
When the New York Times earlier this month reported that President Trump had met with Venezuelan military officers unhappy with the country’s government to discuss a coup against Nicolas Maduro, Continue Reading
Venezuelan President cum dictator Nicolas Maduro has announced that his nation is set to increase its oil exports to China to a staggering one million barrels per day (bpd) over Continue Reading
Washington — The US is preparing actions to pressure the Maduro regime in Venezuela, which analysts said Sunday could include some oil sector sanctions. Receive daily email alerts, subscriber notes Continue Reading
OPEC+ may offer big projects to oil companies from member states, Russian Energy Minister Alexander Novak said at a meeting with his Saudi counterpart Khalid Al-Falih, the Russian Energy Minister Continue Reading
OPEC’s leader Saudi Arabia and its biggest oil-producer ally outside the group, Russia, ruled out on Sunday any immediate, additional increase in crude output, effectively rebuffing U.S. President Donald Trump’s Continue Reading
A steady rise in U.S. oil output will gather pace in the next five years, OPEC said on Sunday, predicting that demand for the producer group’s crude will decline despite Continue Reading
The deputy head of Iran’s Revolutionary Guards warned U.S. and Israeli leaders on Monday to expect a “devastating” response from Tehran, accusing them of involvement in an attack on a Continue Reading
