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At the current price of USD 70 per barrel. the annual value of global oil output is USD 2.5 trillion.
Read More »Saudi Arabia to Ditch Dollar if Washington Passes NOPEC Bill
US will Add 34 of Venezuelan State Oil Firm`s Vessels to Sanctions List
The United States has already slapped Venezuela'.s state oil producer PDVSA with punitive measures.
Read More »Venezuela Rejects New U.S. Aggression against Oil Industry
Caracas considered unacceptable Washington'.s decision to apply measures against vessels and transportation companies to affect oil shipments to Cuba.
Read More »Materializing US-China Trade Deal will Affect Commodity Prices
All the signs are that US-China trade talks are progressing well.
Read More »US Rises Crude Oil Stocks and Output
Crude oil production in the U.S. rose by 100.000 barrels to 12.2 million barrels per day (bpd) for the week ending March 29.
Read More »Global Gas Consumption Rise with Further US. China Demand
Natural gas consumption increased by 170 billion cubic meters in 2018 compared to 2017.
Read More »LNG will be Big Part of China-U.S. Trade Once Tensions Resolved
China and the United States are moving closer to a final trade deal after months of tough negotiations.
Read More »Trump Issues New Permit for Keystone XL Pipeline Project
The 36-inch diameter pipeline project is planned to begin at Hardisty in Alberta province.
Read More »US Appreciates India`s Efforts to Cut Oil Imports from Venezuela
The US. along with 50 other countries recognized Guaido as the legitimate President.
Read More »Pipelines could Derail the US Oil Boom
Quality could at some point become a bigger problem for US producers.
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