The world’s top oil exporter is boosting its output of the natural gas.
Read More »PDVSA will Start Using ‘El Petro’ Next Week
The cryptocurrency was launched in February this year despite opposition from parliament.
Read More »Venezuela Gas Prices will Rise to Global Levels
Venezuela. like most oil producing countries. has for decades subsidized fuel as a benefit to consumers.
Read More »Oil Minister to Attend JMMC Meeting in Algeria in September
The JMMC is chaired by Saudi Arabia and is due to meet next on Sept. 23 in Algeria.
Read More »Sinochem to Transfer WEPEC Refinery Stake to PetroChina
The move is in line with a transformational strategy pushed by Sinochem chairman Ning Gaoning to zero in on core assets.
Read More »Iran Offers Discount on Oil and Gas to Asia
Much will depend on the European Union. which has vowed to resist US sanctions on Iran.
Read More »Trump-Erdogan Quarrel. Iran Sanctions. Maduro’s Venezuela could Rise Oil Prices
China'.s LNG import volume is soaring as it moves to fulfill growing domestic demand for gas.
Read More »Venezuelan Oil Production Falling Faster Than Expected
In July. Venezuela’s oil production came in lower than PDVSA had targeted. according to Argus Media.
Read More »Caspian Sea Nations to Sign landmark Deal
Any deal will ".expand the field for multilateral cooperation". between the five states.
Read More »Chinese Local Refiners Relieved as Beijing not to Impose Tariffs on U.S. Crude
The latest threat from President Trump is to slap tariffs on US$200 million worth of Chinese goods.
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