Oil prices jumped to two-week highs on Tuesday morning, rising on the back of severe outages in Venezuela and the ongoing production cuts from OPEC+. A devastating electricity blackout swept Continue Reading
The oil industry should engage with proponents of the “Green New Deal,” a Democratic initiative seeking to radically reduce U.S. dependence on fossil fuels, BP Chief Executive Officer Bob Dudley Continue Reading
U.S. Secretary Of State Mike Pompeo will meet with top oil executives before he addresses a conference on Tuesday, seeking to get them to help the administration’s effort to boost Continue Reading
Iran is discreetly scouring the globe for second-hand oil tankers to replace its ageing fleet and keep crucial crude exports flowing as U.S. sanctions start to bite, Iranian and Western Continue Reading
U.S. Secretary of State Mike Pompeo urged the oil industry on Tuesday to work with the Trump administration to promote U.S. foreign policy interests, especially in Asia and in Europe, Continue Reading
Mexican President Andres Manuel Lopez Obrador on Tuesday denied any delay to a flagship refinery project in his home state after the deputy finance minister was quoted as saying $2.5 Continue Reading
Venezuela’s interim government led by Congress head Juan Guaido is preparing new legislation to reverse late President Hugo Chavez’s energy industry nationalization, allowing private companies a bigger role in its Continue Reading
Russia’s largest crude producer Rosneft said Tuesday that its operations in Venezuela are legal and it will defend its rights in accordance with international law if it suffers damages in Continue Reading
China offered on Wednesday to help Venezuela restore its power grid, after President Nicolas Maduro accused U.S. counterpart Donald Trump of cyber “sabotage” that plunged the South American country into Continue Reading
Venezuelan congress head Juan Guaido is preparing a groundbreaking reversal of late President Hugo Chavez’s energy industry nationalization, allowing private companies a bigger role in its oilfields and shrinking state-run Continue Reading
