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Expected announcement by ExxonMobil of discovery off island’s south coast seen as potential game changer.
Read More »The Prospect of Turkey-Cyprus Gas Tension
U.S. Crude Output Hit Record
Analysts say U.S. output will rise further and that oil firms will export more oil to sell off surplus stocks.
Read More »US Warns India Purchase of Venezuelan Oil
Trump gave India a temporary exemption from the embargo. which carried economic penalties for violations.
Read More »The Weakness of EV Makers
Despite the high costs. the sale of electric vehicles is set to grow over the coming years.
Read More »Oil Hits $63 on Venezuela Sanctions. OPEC
The U.S. sanctions on Venezuela will limit oil transactions between Venezuela and other countries.
Read More »India Surpasses China in Increasing Oil Demand
OPEC forecasts India'.s crude oil demand will expand to 5.8 million barrels per day by 2040.
Read More »Oil Rise on Venezuela Sanctions
The sanctions aim to freeze sale proceeds from PDVSA’s exports of roughly 500.000 barrels per day (bpd) of crude oil to the United States.
Read More »Oil prices steady. Concerns Rise over Supply Disruption
The sanctions aim to freeze sale proceeds from PDVSA’s exports of roughly 500.000 barrels per day of crude to the United States.
Read More »Increase in US Rig Count Weighs on Oil
China is trying to stem the slowdown with aggressive fiscal stimulus measures.
Read More »Political Turmoil in Venezuelan Threatens Crude Supply
Venezuelan production will decline by an additional 300.000-500.000 barrels per day (bpd) this year.
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