OPEC, Russia to increase oil output in Jan 2021
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Venezuela oil industry facing near collapse, inventories go up by 84%
Venezuela is facing an economic and humanitarian crisis with its main industry–oil production facing sanctions and...
OPEC Oil Production Cut Falls Short Of Expectations, Crude Markets Still Unstable
The United States, which is heavily into shale oil production, is facing an abundance of supply that is at unsustainable...
Saudi Arabia poised to be the oil Leader after the highest oil output by cutting down its crude prices relatively.
From a $128 per barrel in March, a breath taking four year high hit in the crude oil prices, the NYMEX Crude oil prices ...
Venezuela Prepares to Nationalize its Gold Industry
In a move aimed at halting illegal mining as well as boosting the country’s gold reserves, Venezuelan President Hugo C...
IEA, Obama admin counter Libya hold-up by releasing oil reserves
The International Energy Agency (IEA) announced on Thursday, the release of 60 million barrels of oil from global reserv...
OPEC Impasse Leaves Output Levels Unchanged. Oil Prices Soar
An organization known for the high value they place on consensual decision-making, OPEC admitted after the cartel’s me...
OPEC meeting to focus on output quotas and triple-digit oil prices
The Organization of Petroleum Exporting Countries (OPEC), scheduled to convene in Vienna on Wednesday, is likely to face...
US$1,000Billion revenue in crude oil exports for OPEC
The Crude Oil producers’ Cartel OPEC,, is expecting a record US$1,000B (aka US$1T) in export revenue, a historic landm...
