American oil producers are slashing their budgets for new operations for the rest of this year, which means far fewer new rigs, a painful downturn for dozens of oil-field services companies and the certainty of layoffs, from Texas to North Dakota. Worldwide, the coronavirus pandemic has kneecapped the petroleum business, …
Read More »China is Looking to Seize Global EV Market
Chinese EV makers believe that it’s now their second chance to try to manufacture good-quality electric cars.
Read More »Chinese Oil Imports from U.S. Surge amid Declining Oil Purchase from Iran
Iran is the third-largest producer in the Organization of the Petroleum Exporting Countries (OPEC).
Read More »Rouhani: US Sanctions are Economic War
Iranians has endured sanctions before and ".can overcome this difficult phase as well.".
Read More »Trump`s New NAFTA Deal
Both the Mexicans and the Americans have been eager to reach a fully revised deal by the end of August.
Read More »Russia will ‘Fight’ for German Pipeline Project despite U.S. Opposition
The pipeline is expected to transport upwards of 55 billion cubic meters of gas annually from Russia to Germany beginning in 2019.
Read More »Putin to IAEA: Russia will Continue Iran Nuclear Deal
European leaders. who aggressively lobbied Mr. Trump not to leave the agreement. are set to visit Russia soon to discuss a way forward.
Read More »Trump Administration Delays New Sanctions on Russia
The United States has taken a series of recent measures against Russia.
Read More »Tanker with Russian Gas to Land in Boston over the Weekend
Guiding an LNG tanker in is a multi-agency effort with federally mandated protocols.
Read More »Oil Quality Issues Could Bankrupt Venezuela
Output is falling. cash is drying up and oil workers have fled the country because of food shortages and violence.
Read More »