Last month. members of OPEC agreed to pump an additional 1 million barrels of crude daily.
Read More »IEA Report about Global Energy Investment in 2017
The United States shale industry is at turning point after a long period of operating on a fragile financial basis.
Read More »Saudis Offer Extra Oil in Asia as OPEC Leader Pumps More
Saudi Arabia’s compliance with OPEC’s output-cut deal fell to 26 percent in June.
Read More »CNOOC to Invest $3bn in Nigeria
Nigeria remained the largest investment destination for CNOOC.
Read More »Mogherini: EU in Full Support of Libya
The EU fully supports the Presidential Council and its efforts to stabilize Libya.
Read More »US Expected to Become World`s Top Oil Producer Next Year
The United States led the world in oil production for much of the 20th century.
Read More »Venezuela`s Opposition Is Trying to Save PDVSA
A National Assembly-proposed bankruptcy law shows the depths of the challenges PDVSA faces.
Read More »Rising Oil Demand may Surpass Supply
Oil will remain the center of economic capability and economic development for decades to come.
Read More »Libya`s Main Oil Terminals Reopen
The Libyan National Army contends that some of the oil revenue flowing from the NOC to the Libyan government is diverted to fund rival militias.
Read More »Libya Oil to Flow after Haftar Deliver Central Fields
Transparency about spending would enable Libyans to see who is getting what from Libya oil.
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