OIL

10,863 articles

Venezuelan military: the muscle behind Maduro
Jan 25, 2019 (AFP)
The National Bolivarian Armed Forces of Venezuela pointedly reiterated their loyalty to Maduro on Thursday, a day after opposition leader Juan Guaido declared h...
Fact-check: no, Facebook and Instagram did not revoke Maduro's verification
Jan 24, 2019 (AFP)
This is false: Maduro was never certified on those platforms, and Guaido was already certified before Wednesday, when he declared himself interim president of t...
Refineries, investors fear crude shortages over possible Venezuela sanctions
Jan 24, 2019 (UPI)
On Thursday, March West Texas Intermediate crude fell 3 cents, or 0.08 percent, and was at $52.66 a barrel on the New York Mercantile Exchange around 10:00 a.m....
China, Russia side with Maduro as US backs Venezuela challenger
Jan 24, 2019 (AFP)
Here are some of the key reactions after parliamentary speaker Guaido declared himself "acting president" of Venezuela on Wednesday. - US recognises Guaido - US...
Scientists of the Samara Polytech have developed a new method for wells designing
Jan 24, 2019 (SPX)
These include, for example, the mechanical properties of the rock, which are determined by the core salvage (the rock column extracted from the well). And this ...
Qatar emir to visit Asia amid Gulf crisis
Jan 24, 2019 (AFP)
Emir Sheikh Tamim bin Hamad al-Thani will sign several "agreements", the Qatar News Agency said. "The Emir will discuss bilateral relations and strategic partne...
China 'opposes' foreign interference in Venezuelan crisis
Jan 24, 2019 (AFP)
China is Venezuela's main creditor and Maduro visited the country in September, striking energy and gold mining deals as he sought Beijing's support to help his...
A history of armed attempts to dislodge Venezuela's Maduro
Jan 22, 2019 (AFP)
Since coming to power in 2013 following the death of socialist revolutionary icon Hugo Chaves, the former bus driver Maduro has faced a number of small but arme...
Researchers find new ways to harness wasted methane
Jan 21, 2019 (SPX)
This breakthrough has been led by Professor Kwang-jin Ahn and his team in the School of Energy and Chemical Engineering at UNIST in collaboration with Professor...
Venezuelan military group arrested after call to disavow Maduro
Jan 21, 2019 (AFP)
"We are the professional troop of the National Guard against the regime, which we completely repudiate. I need your help, take to the streets," a man who identi...
IEA doubts Russia's commitment to OPEC accord
Jan 18, 2019 (UPI)
"Data show that Russia increased crude oil production in December to a new record near 11.5 million barrels per day and it is unclear when it will cut and by ho...
Oil rises after report on possible China talks concessions
Jan 18, 2019 (UPI)
West Texas Intermediate front-month future prices rose 0.9 percent to $52.84 per barrel as of 8:00 a.m. EST while Brent crude futures rose 0.9 percent to $61.71...
Oil prices led lower by rising U.S. production, inventories
Jan 17, 2019 (UPI)
West Texas Intermediate crude oil futures fell 2 percent to $51.22 per barrel as of 7:35 a.m. with Brent futures declining 1.8 percent to $60.22 per barrel. WTI...
Venezuelan crude production continued to decline in December
Jan 17, 2019 (UPI)
Venezuela's December month-over-month production declined 33,000 barrels per day, according to reports by secondary or non-direct sources, according to OPEC's l...
Venezuela opposition strategy depends on military support
Jan 17, 2019 (AFP)
The National Assembly has stepped up the pressure this month in its power struggle with Maduro and his regime, calling for a mass people's protest next week, re...
EIA sees fuel prices below 2018 average for the next two years
Jan 17, 2019 (UPI)
The EIA forecasts regular retail gasoline prices will average $2.47 per gallon in 2019, which is a 10.5 percent increase from the $2.73 per gallon average for a...
Crude oil prices drop after API reported lower-than-expected draw
Jan 16, 2019 (UPI)
West Texas Intermediate front-month crude future prices fell 1 percent to $51.59 per barrel as of 8:15 a.m. EST while Brent front-month futures declined 0.6 per...
Venezuela's parliament tries to lure military into disavowing Maduro
Jan 16, 2019 (AFP)
The "amnesty law" would extend also to civilian government officials who collaborate "in the restitution of constitutional order," parliament said. "We're talki...
Understanding physics could lead to big gains in shale oil recovery
Jan 16, 2019 (SPX)
The researchers propose that companies are applying tried-and-true transport mechanisms for conventional oil extraction but are hitting recovery stumbling block...
Saudi urges 'fair' energy transition, defends oil
Jan 15, 2019 (AFP)
Experts say energy output from renewables, especially solar and wind, is growing faster than anticipated, threatening to displace oil, gas and coal as the world...
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