OPEC, Russia to increase oil output in Jan 2021

OPEC, Russia to increase oil output in Jan 2021

By Anna Domanska - Dec 07, 2020

Stay abreast of the latest energy news by subscribing to the nation’s fastest-growing business magazine, Industry Lead...

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Venezuela oil industry facing near collapse, inventories go up by 84%

Venezuela oil industry facing near collapse, inventories go up by 84%

By Anna Domanska - Oct 25, 2020

Venezuela is facing an economic and humanitarian crisis with its main industry–oil production facing sanctions and...

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OPEC Oil Production Cut Falls Short Of Expectations, Crude Markets Still Unstable

OPEC Oil Production Cut Falls Short Of Expectations, Crude Markets Still Unstable

By Anna Domanska - Apr 15, 2020

The United States, which is heavily into shale oil production, is facing an abundance of supply that is at unsustainable...

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Saudi Arabia poised to be the oil Leader after the highest oil output by cutting down its crude prices relatively.

Saudi Arabia poised to be the oil Leader after the highest oil output by cutting down its crude prices relatively.

By Carrie Ann - Jun 22, 2012

From a $128 per barrel in March, a breath taking four year high hit in the crude oil prices, the NYMEX Crude oil prices ...

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Venezuela Prepares to Nationalize its Gold Industry

Venezuela Prepares to Nationalize its Gold Industry

By Carrie Ann - Aug 18, 2011

In a move aimed at halting illegal mining as well as boosting the country’s gold reserves, Venezuelan President Hugo C...

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IEA, Obama admin counter Libya hold-up by releasing oil reserves

IEA, Obama admin counter Libya hold-up by releasing oil reserves

By Vrushti Mawani - Jun 24, 2011

The International Energy Agency (IEA) announced on Thursday, the release of 60 million barrels of oil from global reserv...

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OPEC Impasse Leaves Output Levels Unchanged. Oil Prices Soar

OPEC Impasse Leaves Output Levels Unchanged. Oil Prices Soar

By Carrie Ann - Jun 09, 2011

An organization known for the high value they place on consensual decision-making, OPEC admitted after the cartel’s me...

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OPEC meeting to focus on output quotas and triple-digit oil prices

OPEC meeting to focus on output quotas and triple-digit oil prices

By Carrie Ann - Jun 06, 2011

The Organization of Petroleum Exporting Countries (OPEC), scheduled to convene in Vienna on Wednesday, is likely to face...

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US$1,000Billion revenue in crude oil exports for OPEC

US$1,000Billion revenue in crude oil exports for OPEC

By Carrie Ann - Mar 30, 2011

The Crude Oil producers’ Cartel OPEC,, is expecting a record US$1,000B (aka US$1T) in export revenue, a historic landm...

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