OPEC is consulting with lawyers to prepare a strategy to defend against proposed U.S. legislation that could open the cartel up to antitrust lawsuits.
Read More »Venezuela Evaluates Plans to Raise Oil Production
Anticorruption probes advanced by the Public Ministry caused that 90 executives of Pdvsa were arrested over the last 11 months.
Read More »Venezuela Discuss It Plans to Raise Oil Production
Venezuela’s crude oil production dropped in June by 47.500 bpd from May. to average 1.340 million bpd last month.
Read More »Iran Denounce Saudi Arabia for Pumping `Above Target`
Last month. members of OPEC agreed to pump an additional 1 million barrels of crude daily.
Read More »No Electricity Supply to Iraq in Near Future
Earlier this month. Iran has cut electricity supplies to Iraq due to unpaid bill. affecting Iraq’s Dhi Qar. Maysan and Basra provinces.
Read More »Could Russia and US Work Together to Regulate Oil Prices?
Trump has said Putin is ``a competitor. and a good competitor he is.``
Read More »Most Asian Markets Down as Oil Slump Hits Energy Firms
The risk that current trade tensions escalate further is the greatest near-term threat to global growth.
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 »Analysts Forecast Most Constructive Oil Market in Years
Analysts Forecast Most Constructive Oil Market in Years.
Read More »Saudis Offer Extra Oil in Asia as OPEC Leader Pumps More
Saudi Arabia’s compliance with OPEC’s output-cut deal fell to 26 percent in June.
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