The Battle For Libya’s Oil Is Heating Up
The past two days have seen forces loyal to Libya’s Government of National Accord (GNA) seize and then lose a key oilfield in the south, suggesting that General Khalifa Haftar’s Continue Reading
Saudis No Longer Willing To Compensate For OPEC+ Cheaters
OPEC’s largest producer and de facto leader Saudi Arabia will likely tell fellow producers in the OPEC+ pact next week that the Kingdom would no longer tolerate and compensate for Continue Reading
45 Killed As Protests In OPEC’s Second-Largest Producer Escalate
At least 45 people were killed by security forces in Iraq on Thursday on the deadliest day since mass protests in OPEC’s second-largest oil producer began in early October. According Continue Reading
This OPEC Member Is Desperate For More Foreign Investment
Algeria is amending its energy law in a bid to attract foreign investment into its oil and gas industry, months after international majors suspended talks about new projects amid mass Continue Reading
Protesters burn tires in southern Iraq in renewed anti-government rage
Protesters burned tires and surrounded a police station in the southern Iraqi city of Nassiriya on Saturday, a Reuters witness said, pressing their demands for sweeping reform despite the prime Continue Reading
Maduro Spent $5 Billion On Oil Deals As Venezuelans Went Hungry
Nicolas Maduro’s regime in Venezuela has spent US$5 billion worth of oil to reduce its debt to Russia and China and to send oil to Cuba, while leaving Venezuelans without Continue Reading
China’s factory activity unexpectedly returns to growth in November
Factory activity in China unexpectedly returned to growth in November for the first time in seven months, as domestic demand picked up on Beijing’s accelerated stimulus measures to steady growth. Continue Reading
Republican Fervor Ebbs for Offshore Drilling
The wake from Chip Campsen’s fishing boat has rippled all the way from the South Carolina coast to the White House. Mr. Campsen is a Republican state senator and dedicated Continue Reading
Corporate debt nears a record $10 trillion, and borrowing binge poses new risks
Little more than a decade after consumers binged on inexpensive mortgages that helped bring on a global financial crisis, a new debt surge — this time by major corporations — Continue Reading
US is net exporter of oil for first time in decades
The US has cemented its status as a net exporter in world oil markets, a sharp reversal from past years that could affect its ties to foreign allies. The top oil Continue Reading