Venezuela now produces almost half of the oil it did two decades ago.
Read More »Next OPEC Meeting Set for Late Sept in Algiers
The meeting will allow OPEC members to discuss ways to maintain oil market stability.
Read More »Total Completes £1.1Billion Acquisition of Engie LNG Assets
The supermajor said the deal makes it the number two player in the world for LNG.
Read More »Oil Companies Struggle to Navigate Trump on Steel Tariffs
U.S. tariffs on foreign steel are testing oil and gas companies’ ability to navigate the Trump administration.
Read More »Aramco IPO Preparations Delay
Saudi Aramco and the country aren’t ready for an IPO that could raise $100 billion but also bring unprecedented scrutiny to the company.
Read More »US Oil could Help Set the Brent Crude Price
U.S. crude exports have surged since the nation lifted all restrictions on overseas shipments in late 2015.
Read More »5 World Powers Back Iran`s Oil Exports Despite US Sanctions Threat
Washington has warned other countries to end business in Iran and stop buying its oil from early November or face punitive measures.
Read More »Iran Petrochem Output Reaches 13 Million Tons in Q2
The country’s 57 petrochemical complexes produced over 13.2 million tons between March 21 and June 21.
Read More »Iran Says Trump`s Tweets have Added $10 to Oil Prices
Trump was trying to intensify tensions between Iran and Saudi Arabia.
Read More »Saudi Aramco Changes Asia Crude Oil Price Formula
The world’s third largest crude oil supplier currently produces about 10 million bpd and has the capacity to produce 12 million bpd.
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