Saudis offers new voluntary cuts of 1 mln bpd for July Russian, Nigerian, Angolan targets brought in line with output UAE allowed to raise production (Reuters) – Saudi Arabia will make deep production cuts in […]
Commentary by Ben Cahill Published June 2, 2023 There is growing speculation that the Organization of the Petroleum Exporting Countries and allied producers (OPEC+) will agree on June 4 to cut production. Brent crude prices fell below $73 […]
VIENNA, June 4 (Reuters) – OPEC and its allies met on Sunday to try to agree further cuts in production, sources told Reuters, as the group faces flagging oil prices and a looming supply glut. […]
Authored by Mark Tapscott via The Epoch Times (emphasis ours), Hundreds of millions of U.S. tax dollars went to recipients in China and Russia in recent years without being properly tracked by the federal government, […]
Authored by Simon Watkins via OilPrice.com, Moscow signed 10 new cooperation agreements with Iran for the oil sector alone on 18 May. China waited for the dust to settle before it too signed new cooperation […]
In recent years, as energy security has grown in importance, the coal industry rebounded rapidly – with some companies seeing their profits soar by as much as 60%. While there is still plenty of money […]
The arguments shared in this analysis about why Venezuela won’t join BRICS during this summer’s summit raise the question of why Lula publicly supported Maduro’s membership bid despite the near impossibility of it being approved. […]
A fire erupted at an oil refinery in southern Russia’s Krasnodar region on Wednesday after a likely drone attack, its governor said as local officials reported a downed drone near another refinery. Governor Venyamin Kondratyev wrote on […]
New York, 24 May (Argus) — A sharp drop-off in tonne-mile demand for US Gulf coast medium range (MR) clean tankers so far this year has pressured freight rates for the segment to the lowest […]
Labour has confirmed it will block all new domestic oil and gas developments if it wins power, proposing instead to invest heavily in renewable sources such as wind and also in nuclear power. The shadow […]
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