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As Saudi Arabia raised its production. the number of rigs drilling for oil in the US fell by 80%.
Read More »An OPEC-Free World
Eni. Sonatrach Sign Agreement to Strengthen Gas Sector in Algeria
Eni has had a presence in Algeria since 1981 and currently operates 32 mining permits in the country.
Read More »Modi`s Dilemma: Trump or Iranian Oil
The upcoming sanctions on Iran provide a golden opportunity to commercialize more U.S. oil in the Indian market.
Read More »OPEC Looking for Legal Strategy as U.S. Pushes Anti-Cartel Bill
OPEC pumps about a third of the world’s crude. and the biggest of its 15 members is Saudi Arabia. one of America’s closest friends in the Middle East.
Read More »Oil Exploration Grows in U.S. with Crude Reaching $75
The Permian. with 55% of all the active crude rigs in the country. is the busiest American field.
Read More »Russia`s Big Challenge Now that OPEC Deal is Complete
Russian government officials have become increasingly vocal about rising pump prices in recent weeks.
Read More »Saudi. Russia Reaffirm OPEC Deal of MM-bbl Oil Boost
The terms of the agreement reached last month were ambiguous.
Read More »Iran Oil Exports Slide in Early Ship Data after Trump Sanctions
One bright spot for Iran is its first delivery of crude to Chile in at least 16 years.
Read More »U.S. oil Exports. on the Rise to China. Face Trade Spat Threat
China has been a key recipient of American oil since a 40-year U.S. ban on exports was ended by then-President Barack Obama in 2015.
Read More »Iran`s First Crude Shipment to Chile in 16 Years
The European Union sent a letter to the US Treasury on June 4 asking for exemptions from sanctions.
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