The U.S. Department of Justice is seeking documents from Citgo Petroleum Corp as part of an investigation into bribery by U.S. suppliers involving its Venezuelan parent, state-owned Petroleos de Venezuela. Continue Reading
Amid tightening supply of heavy oil on global markets Chevron is asking the Trump administration for sanction relief in Venezuela so it could continue doing business there, Bloomberg reports quoting Continue Reading
Chinese refiners are not rushing to finalize deals for oil cargoes from West Africa for August, expecting prices of crude grades from Angola to drop from recent highs as the Continue Reading
Ethanol supporters were certain conditions for them would improve following Environmental Protection Agency (EPA) Administrator Scott Pruitt’s resignation . As Oklahoma’s Attorney General, Pruitt had sued the EPA over the Continue Reading
Oil production in the U.S. Gulf of Mexico is poised to set new records in the imminent future. Oil production in the U.S. Gulf of Mexico (GoM) is poised to Continue Reading
Cheniere Partners has decided to build another liquefaction train at its facility in Cameron Parish, La. Cheniere Energy Partners, L.P. reported Monday that it has made a positive final investment Continue Reading
U.S. factory-sector growth slowed in May as manufacturers confronted renewed trade tensions, and manufacturing activity in other major economies deteriorated. An index of factory activity produced by the Institute for Continue Reading
Wildfires in Canada are sending Canadian oil prices higher as a second oil producer is forced to shut-in production, with Cenovus Energy joining Canadian Natural Resources in halting operations due Continue Reading
Highlights Commerce City eyes six-month moratorium Weld County remains largely unscathed Denver — Seven municipalities and one county scattered around the Denver-Julesburg Basin had passed some sort of drilling or Continue Reading
Canadian Natural Resources Ltd. has evacuated its Pelican Lake and Woodenhouse operations in northern Alberta in the first major shut-in of oil production triggered by wildfires this year. The producer Continue Reading
