Last month. members of OPEC agreed to pump an additional 1 million barrels of crude daily.
Read More »5 Geopolitical Factors Which Have Affected Oil Prices in 2018
Venezuela now produces almost half of the oil it did two decades ago.
Read More »IEA Report about Global Energy Investment in 2017
The United States shale industry is at turning point after a long period of operating on a fragile financial basis.
Read More »Mnuchin: U.S. will Consider some Waivers on Iran Sanctions
The Trump administration has said there are more than 50 foreign companies that have withdrawn their business from Iran.
Read More »Mogherini: EU in Full Support of Libya
The EU fully supports the Presidential Council and its efforts to stabilize Libya.
Read More »US Expected to Become World`s Top Oil Producer Next Year
The United States led the world in oil production for much of the 20th century.
Read More »Current Level of Oil Prices Stems from US Trade War
A sharp growth in fuel prices that have risen by over 8% year-to-date. has forced the authorities to take emergency measures.
Read More »Venezuela`s Opposition Is Trying to Save PDVSA
A National Assembly-proposed bankruptcy law shows the depths of the challenges PDVSA faces.
Read More »Venezuela’s Oil Crisis
China has decided to invest &.25 million to help slow the decline underway in Venezuela.
Read More »Libya`s NOC Lifts Force Majeure on El Feel Oilfield
NOC has lifted force majeure on El Feel oilfield. which was declared on February 23 this year.
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