Polling shows that the majority of United States citizens want the Trump administration to honor the country’s Obama-era commitment to the Paris Agreement to combat global climate change. Under the Continue Reading
The global refining industry faces a wave of new capacity additions to 2024 that would greatly exceed demand growth for refined products, and this may result in refinery closures to Continue Reading
OPEC will continue producing less crude oil than it could until at least June as April, when OPEC+ meets, would be too early to end the cuts, Saudi Arabia’s Energy Continue Reading
Saudi Arabia plans to cut its crude oil exports in April to below 7 million barrels per day (bpd), while keeping its output well below 10 million bpd, a Saudi Continue Reading
Iranian President Hassan Rouhani is seeking to boost economic links with Iraq on his first official visit to the neighboring country, at a time when the U.S. is upping efforts Continue Reading
The Sharara crude oil field in Libya will recover its daily rate of production to 300,000 bpd within two weeks, Reuters reports , quoting a field engineer. The country’s largest Continue Reading
Qatar’s Minister of Commerce and Industry said on Sunday that the country’s trade surplus reached $52 billion in 2018. This amount comes as the gas-rich kingdom pushes back against a Continue Reading
The top U.S. buyers of Venezuelan oil are in the unusual position of trying to return millions of barrels of crude they need but cannot accept because of U.S. sanctions Continue Reading
Much of Venezuela, including parts of the capital Caracas, remained without power on Monday for a fifth day, crimping vital oil exports and leaving people struggling to obtain water and Continue Reading
Colombia’s government on Monday said it signed two exploration and production contracts with Shell in offshore areas of the Caribbean Sea that will require the company to make initial investments Continue Reading
