Maduro promised earlier this week to roll out a new plan to ease the economic crisis.
Read More »Oil Exploration Falls amid U.S.-China Trade War
Oil output in the U.S. fell by 100.000 barrels a day to 10.9 million last week. according to the Energy Information Administration.
Read More »Saudi Arabia would Resume Oil Exports through Red Sea Lane
Saudi Arabia halted temporarily oil shipments through the lane on July 26 after attacks on two big oil tankers.
Read More »OPEC Production Rise as Saudi Arabia Pumps more Oil
The Saudi policy appears to be helping cool prices in the way sought by President Trump.
Read More »St. Petersburg to Host World Energy Congress in 2022
The previous congress was held in Istanbul in 2016 and the next one will be in Abu Dhabi in 2019.
Read More »Baghdad Denies Iran’s Role in Iraqi Energy Minister Removal
Al-Fahdavi served as energy minister of Iraq since 2014.
Read More »Oil Ministry Limits Senior Managers to Serving Four Years
The limits will go into effect as the U.S. prepares to reimpose sanctions on Iran beginning Nov. 4.
Read More »Russia to Increase Presence in African Oil. Nuclear Projects
Russia is planning to increase its involvement in developing energy projects in Africa. during the tenth BRICS Summit in Johannesburg.
Read More »Iran Steel Output Up 25%
Iran is currently the world’s 11th biggest producer of steel.
Read More »US Sanctions Will Not Affect Russia-Iran Railway Cooperation
The contract for the production of 6.000 railcars says that the Russian side should provide the financial aspect of the project.
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