The United Arab Emirates has said that four commercial ships were hit by “sabotage” in its waters, hours after denying…
Browsing: Oil
The White House announced on Monday that the United States will end Iran sanction waivers. Countries that continue to buy…
The odds of an oil price spike this year are much higher than the prevailing consensus in the market, according…
A major blackout in Venezuela has led to the shutdown of the nation’s main export terminal and several heavy crude…
Norway’s trillion-dollar sovereign wealth fund, is set to phase out oil and gas companies from its benchmark index and sell…
Venezuelan President Nicolas Maduro has ordered the European headquarters of state oil company PDVSA be relocated to Russia, Venezuela’s Vice…
Following the US sanctions, Venezuela’s oil inventories have swelled to a five-year high as the nation struggles to find buyers…
US National Security Advisor John Bolton has warned countries and companies against buying crude oil from Venezuela, after the Latin…
South Africa’s offshore has just yielded a massive natural gas and condensate find that could open a new exploration province…
Oil prices are on track for strong gains this week, and the price increases are not only the result of…
Washington has imposed sanctions against the Venezuelan state oil company PDVSA, seizing $7 billion in assets, Treasury Secretary Steven Mnuchin…
Iranian Oil Minister Bijan Zanganeh has told the media that the national oil company NIOC struck light sweet oil in…
OPEC’s largest crude oil producer, Saudi Arabia, expects oil demand to be rising till at least 2040, and thinks that…
Colombian state-run oil company Ecopetrol SA said on Sunday a bomb attack on the Transandino pipeline caused spillage in southwestern…
Oil prices fell 7 percent on Monday in the worst single-day decline in three months after Greece’s Sunday bailout referendum.…
Fossil fuel companies are benefitting from global subsidies of $5.3tn (£3.4tn) a year, equivalent to $10m a minute every day,…
A large umbrella group of churches representing more than half a billion Christians worldwide announced Thursday that it would pull…
A 7,500-gallon storage tank of crude oil has completely drained into the scenic Cache La Poudre, Colorado’s only designated National…