Saudi, Indian Oil Ministers To Meet On Saturday
The oil ministers of Saudi Arabia and India will meet on Saturday, Reuters quoted India’s Oil Minister Dharmendra Pradhan as saying on Friday. Although the Indian minister did not go Continue Reading
Venezuela must pay Conoco more than $8 billion: World Bank
Venezuela must pay ConocoPhillips more than $8 billion to compensate for the 2007 expropriation of oil assets by the late socialist leader Hugo Chavez, the World Bank ruled on Friday, Continue Reading
U.S. allows more time to wind down Venezuela state oil firm’s debt
The United States is giving individuals and entities more time to wind down certain financial contracts or other agreements related to debt involving Venezuela’s state-owned oil company, the U.S. Treasury Continue Reading
Venezuela Blackout Stretches Across Country, Closing Schools and Businesses
The biggest blackout in Venezuela’s history stretched to about 22 hours Friday, as dialysis patients went without treatment, airlines canceled flights and factories and schools shut their doors in a Continue Reading
Mexico’s Lopez Obrador could reconsider restarting upstream auction round in six months
The president’s spokesman declined to confirm or deny information Cancellation of auction rounds would make Mexico produce 600,000 b/d less in the long term Mexico City — Mexico could reconsider Continue Reading
Venezuela power flickers after worst blackout in decades
Venezuela’s power supply remained patchy on Friday after the worst blackout in decades paralyzed most of the country, exacerbating hardship for millions of people already suffering from hyperinflation and widespread Continue Reading
Mexico’s Urzua says ‘significant’ new help for Pemex likely soon
Mexico’s government will likely announce “significant” new measures to help Pemex later this month, Finance Minister Carlos Urzua said on Friday, as the state oil company tries to avert a Continue Reading
China says working with U.S. day and night to get trade deal
China and the United States are still working day and night to achieve a trade deal that matches the interests of both sides and the hopes of the world, including Continue Reading
U.S. oil drillers cut rigs for third week in a row: Baker Hughes
U.S. energy firms this week cut the number of oil rigs operating for a third week in a row to the lowest level in 10 months as independent producers follow Continue Reading
America’s Light Bulb Revolution
Solar panels and wind turbines get a lot of attention, but a more inconspicuous instrument is helping to reshape America’s energy economy right now: The humble light bulb. Over the Continue Reading