Kurdistan’s two dominant political parties have made a breakthrough in their long-running negotiations to form the next Kurdistan Regional Government (KRG) — talks that also aim to decide the governorship Continue Reading
Saudi Arabia, the world’s top oil exporter, cut its crude output in January by about 400,000 barrels per day (bpd), two OPEC sources said, as the kingdom follows through on Continue Reading
The U.S. plan to withdraw its troops from Syria will not give Islamic State an opportunity to try to retake some oil fields in the war-torn country, U.S. Secretary of Continue Reading
The U.S. Justice Department is investigating a former U.S.-based oil trader for Brazil’s Petrobras already charged in his home country with taking part in a corruption scheme involving commodity companies Continue Reading
The sanctions the U.S. slapped on Venezuelan oil last week are playing havoc with the tankers that ship crude around the world, and throwing energy prices off-kilter in the process. Continue Reading
Trading houses that resell Venezuelan crude oil have not yet found workarounds since the United States announced sanctions to cut off socialist President Nicolas Maduro’s revenue, according to shipping data Continue Reading
France’s oil and gas major Total has pulled out all its personnel from Venezuela following the U.S. sanctions on Venezuelan state oil firm PDVSA, which also blocked Total’s accounts in the Latin Continue Reading
Venezuela’s state-owned PDVSA is arguing in US court that the latest sanctions imposed by the Trump administration should block any attempts by Venezuela’s creditors to use the US justice system Continue Reading
Venezuela’s state-run PDVSA has started mixing its extra heavy oil with domestic Santa Barbara light crude due to a shortage of imported diluents following U.S. sanctions imposed last week, two Continue Reading
The international effort to rush food and medicine into this collapsing socialist state was rapidly transforming Thursday into a high-stakes standoff between President Nicolás Maduro and the U.S.-backed opposition, essentially Continue Reading
