Venezuela courts India to strengthen oil ties amid US sanctions
Venezuela’s oil minister is in New Delhi this week hoping to convince India’s key refiners to buy more of its crude and forge closer ties as the South American nation Continue Reading
Venezuela pressures foreign partners on oil venture commitments: sources
Foreign partners of Venezuela’s PDVSA are facing pressure from the state-run oil firm to publicly declare whether they will continue as minority stakeholders in Orinoco Belt projects following U.S. sanctions, Continue Reading
Traders expect Cushing builds as refinery issues add to swelling supply
U.S. crude traders are bracing for increasing supplies at Cushing, Oklahoma, the delivery point for benchmark crude futures, as unexpected refinery issues add to inventories that are already at the Continue Reading
Sentinel plans U.S. oil export terminal off Freeport, Texas
Sentinel Midstream on Monday became the latest contender in the race to build a crude export terminal off the U.S. Gulf Coast, announcing plans to develop a facility off Freeport, Continue Reading
Which Oil Giant Generates The Most Cash?
As the oil supermajors surpassed estimates with strong Q4 and 2018 earnings, Shell beat Exxon—for a second year running—to affirm itself as Big Oil’s biggest cash flow generator. Shell, which Continue Reading
Green New Deal Critics See Red
The Green New Deal, (GND) a catch-all composite of environmental and social welfare programs, led by Member of Congress Alexandra Ocasio-Cortes (D-NY) and Senator Ed Markey (D-MA) calls for “a Continue Reading
Two new 100-MW utility-solar units expected in the Permian Basin
Facilities will add 13.4% to ERCOT solar capacity Receive daily email alerts, subscriber notes & personalize your experience. Register Now Most of the solar capacity is in or near Permian Continue Reading
US Oil and Gas Employment Up 5.4% in 2018
Texas accounted for four out of 10 US oil and gas jobs last year. The U.S. oil and gas industry employed 880,681 professionals in 2018, up 5.4 percent from the Continue Reading
An Unexpected Bullish Factor For Oil
U.S. shale drilling activity is set to slow this year as companies respond to lower oil prices. However, a lower WTI price is not the only reason for the deceleration. Continue Reading
With Iran squeezed out, U.S. oil takes on new rivals in Europe
When the global oil trading industry gathered for its biggest annual meeting in Asia in September last year, U.S. oil producing companies came well prepared. U.S. giant Exxon Mobil and Continue Reading