Russia has for years been trying to build new gas pipelines that bypass Ukraine such as Nord Stream.
Read More »Iraqi Lawmakers Want Out Of OPEC Deal
Some new members-elect of Iraq’s parliament think that Iraq should be able to export as much crude oil as it wants.
Read More »PDVSA Considers Force Majeure on Oil Exports
Oil is the financial lifeline for the embattled socialist government of President Nicolas Maduro.
Read More »US Asked OPEC to Raise Oil Output Due to High Gasoline Prices
The U.S. request was discussed at the meeting of the relevant ministers of Saudi Arabia. the United Arab Emirates. Kuwait and Oman in Kuwait this Saturday.
Read More »Oil Prices Rise amid Venezuela Export Concerns
Falling production from Venezuela has contributed to a rally in global oil price Brent to nearly $80 a barrel.
Read More »Will Saudi Arabia Listen To U.S. Demands For More Oil?
OPEC officials in Kuwait just a few days ago tried to hash out a strategy ahead of the June 22 meeting.
Read More »Russia Extends Austria Gas Deal to 2040 After Putin’s Visit
OMV is one of four Western partners to Gazprom’s Nord Stream 2 project to export gas to Western Europe through Germany.
Read More »Turkey Becomes Energy Hub of Region
TANAP will be laid from the Georgian-Turkish border to the western border of Turkey.
Read More »Maduro Accuses US of Infiltrating State Oil Company
Maduro called for an ".economic counteroffensive". against the U.S.-led economic war that has seriously harmed the economy.
Read More »Eni Says it has no Material Exposure to Iran
The United States has threatened to impose secondary sanctions on European companies doing business with Iran.
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