The cartel has previously said it was responding to Mr. Trump and other world leaders, who in the spring had ratcheted up complaints about high prices. The group in June Continue Reading
Japanese refiners have stopped buying Iranian crude ahead of the November 4 deadline set by Washington to all countries doing business with Iran before economic sanctions return. Reuters quoted today Continue Reading
A new report on Iraq’s oil production capability says a series of problems, including export bottlenecks caused by a lack of infrastructure, will continue to limit the country’s oil output Continue Reading
We protect the countries of the Middle East, they would not be safe for very long without us, and yet they continue to push for higher and higher oil prices! Continue Reading
With more than 300,000 bpd of new capacity coming online this year, Iraq is well positioned to take market share as U.S. sanctions snap back on Iran. Iraq Oil Minister Continue Reading
Iran hit back at a U.S. offer of negotiations on Thursday, saying Washington had violated the terms of the last big deal they agreed, the 2015 nuclear accord. U.S. President Continue Reading
Venezuela to significantly increase oil exports to China will increase its oil exports to China to one million barrels a day, President Nicolas Maduro has said, following a visit to Continue Reading
A Nigerian police investigation has retrieved hundreds of millions of dollars in stolen state oil funds. It came as an Italian court sentenced two men to four years in jail Continue Reading
Royal Dutch Shell Plc has won a long-term contract to provide liquefied natural gas to a Chinese company’s 441 megawatt power plant under construction in Colon, Panama, advisors on the Continue Reading
“Darwin said only the fittest survive, and that’s where we are in Venezuela,” said Jorge Useche, 43 years old, explaining why he’d taken a 10-hour bus ride to the border Continue Reading
