Economics says the reason for the GDP growth deceleration was a slowdown in the growth of the industrial production sector.
Read More »Tesla Unveils ‘World’s Fastest Production Car’ and Electric Big Rig
Tesla is far from alone in trying to electrify semi trucks.
Read More »Citgo is Key Link between US and Venezuela
In 2015. PDVSA sought to sell Citgo but was unable to find a buyer.
Read More »Oil Edges Up as Expected Extension of OPEC Cuts Counters Rising U.S. Supplies
U.S. West Texas Intermediate (WTI) crude futures were at $55.39 a barrel. 6 cents up from their last settlement.
Read More »South Pars Phase 13 Completion in 2018
Work on transporting and installing the offshore structures of Phase 13 is underway.
Read More »UAE Joins Gathering Consensus to Extend Oil Output Cuts
Output cuts by OPEC and other producers such as Russia and Oman have started to pay off.
Read More »OPEC to Recruit New Members to Fight Market Imbalance
The cartel is said to be leaning toward a nine-month extension of the cuts to the end of 2018.
Read More »Saudi Aramco to Invest $300 Billion in Upstream Projects
Last week. Aramco signed US$4.5 billion worth of total contracts with international companies to boost its gas production and processing capacity.
Read More »U.S. Shale to Beat Saudi Production Growth
This production growth rate will turn the United States from a net importer of oil into a net exporter by 2025.
Read More »Is U.S. Energy Independence In Sight?
Natural gas production turned upward in 2006 and would rise by 50% over the next decade.
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