Within minutes, a majority of the 35-member Organization of American States, a regional diplomatic body, voted to not recognize the legitimacy of Mr. Maduro’s new government after about 60 countries Continue Reading
Venezuelan President Nicolas Maduro was inaugurated for a second term on Thursday, despite presiding over an economic meltdown of historic proportions and his status as an international pariah. A coalition Continue Reading
China will “strictly prohibit” the expansion of new iron and steel projects in 2019, the country’s industry minister told the official Xinhua agency in an interview on Thursday. Miao Wei, Continue Reading
China plans to set a lower economic growth target of 6-6.5 percent in 2019 compared with last year’s target of “around” 6.5 percent, policy sources told Reuters, as Beijing gears Continue Reading
Highlights Passenger car sales sink 6% in 2018, first drop in 20 years Gasoline demand growth to fall below 3% in 2019: Platts Analytics EVs to displace 2.23 mil b/d Continue Reading
EPIC Crude Pipeline LP said the projected third-quarter start-up of its crude pipeline from the Permian basin to Corpus Christi, Texas is in “some jeopardy” after U.S. regulators delayed action Continue Reading
The Trump administration is pursuing its plans of opening up more federal lands in Alaska to oil and gas drilling. Reuters reports the Alaska Bureau of Land Management had not Continue Reading
The volume of drilled but unproduced wells continues to build across the US to record levels, but market sentiment is mixed on whether oil prices need to continue to recover Continue Reading
The Oklahoma City-based E&P company is lowering its rig count by 20% in 2019. After a strong fourth quarter in 2018, Chesapeake Energy Corporation is stepping into 2019 with a Continue Reading
In just one human generation, citizens of the far north could find themselves on shifting soils as the region’s permafrost thaws. Roads will slump. Buildings will buckle. Pipelines will become Continue Reading
