Venezuela suffered a sweeping blackout last week, which threatens to cut off oil exports from the country. U.S. sanctions have already severely impacted oil operations, leaving cargoes stranded off the Continue Reading
The United States has pressed India to stop buying Venezuelan crude oil as a means of accelerating President Nicolas Maduro’s removal from office, which Washington has made its top priority Continue Reading
Secretary of State Mike Pompeo said the U.S. would withdraw all remaining staff from its embassy in Venezuela due to the “deteriorating situation” there after several days of power outages Continue Reading
Caracas (CNN)In a televised address Monday, Venezuelan President Nicolas Maduro said the recovery from power outages will be “little by little,” adding the outage was an “electronic coup” carried out 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
In its fight against coal emissions pollution, China significantly stepped up its coal-to-natural gas and coal-to-electricity switch to 35 cities last year from 12 cities in 2017, but the next Continue Reading
The United States will drive global oil supply growth over the next five years, adding another 4 million barrels per day to the country’s already booming output, the International Energy Continue Reading
U.S. oil production could become less responsive to crude prices as major oil companies expand operations in the nation’s shale fields, now dominated by smaller producers, International Energy Agency officials Continue Reading
Occidental Petroleum Corp has emerged as one of the biggest exporters of U.S. shale oil, rivaling large trading firms and oil majors, in a market now worth more than $150 Continue Reading
Less than a year ago, IHS Markit predicted that “stunning” growth in the Permian would result in the basin doubling its oil production to 5.4 million bpd between 2017 and Continue Reading
