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Venezuela is a key source of heavy sour crude supplies for U.S. refiners.
Read More »Oil Markets Brace for Possible U.S. Sanctions on Venezuela
Oil Traders Await U.S. Reaction to Venezuelan Vote
The U.S. buys about a third of Venezuela’s crude production and is the main buyer that pays in cash.
Read More »Nord Stream 2 Pipeline Would Encourage Russia. Put European Stability at Risk
Some in Europe have attempted to delay the pipeline in fear of geopolitical turmoil.
Read More »Europe `Stands Ready to Act` if US Sanctions on Russia Affect Its Oil and Gas Supplies
The EU is concerned that US sanctions will hurt investments in an oil pipeline connecting Russia to Germany.
Read More »UAE Replaces Qatar Oil with US
Qatar recently signed a deal with the US aiming to combat support and funding of terrorism.
Read More »ExxonMobil Discovers Additional Oil in Guyanese Offshore Field
Other stakeholders in the Stabroek Block are Hess Guyana Exploration which has a stake of 30% and CNOOC Nexen Petroleum Guyana which holds the remaining stake of 25%.
Read More »The Prospect of Russia. US Cooperation on Gas Supply
The general observation is that Russia has huge and promising projects to offer. and American companies have immense expertise and effective technologies.
Read More »Schlumberger Asks Russia Antimonopoly Body to OK Eurasia Drilling Deal
The deal is likely to test further Russia-U.S. chilly ties.
Read More »U.S. Sanctions 13 Senior Venezuelan Officials
The U.S. Treasury Department will issue a sanctions announcement later on Wednesday.
Read More »Tillerson May End Job at State
Tillerson has a growing list of differences with the White House. including a new debate over Iran policy and personnel.
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