US lifts 40-year ban on oil exports, agrees to light oil exports
For the first time in 40 years, the U.S. government has officially allowed the shipment of as much as a million barrels ...
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...
