Venezuela Can't Afford To Tackle Its Gas Flaring Problem
An energy consultant who had worked for Shell for decades has started talks with Venezuela's state oil firm PDVSA to help it reduce gas flaring at oil sites, but the?
Venezuela Seizes Assets From Six Shipping Companies
Venezuela has moved to seize assets of six shipping companies claiming they have unpaid debt to state oil company PDVSA, Reuters reported, quoting a document it had seen and?
OPEC Divided As Saudi Arabia Pushes For Deeper Cuts
As top officials from OPEC countries start to arrive in Vienna for this week's OPEC+ meeting, OPEC's top producer Saudi Arabia is pushing for a huge cut of more than?
Morgan Stanley Expects Near-Zero Oil Demand Growth In China In 2020
Morgan Stanley updated its oil demand forecast for this year, saying it expected it to be close to zero in China after the devastating coronavirus epidemic. ?We now expect China's?
Europe Looks To Pass 2050 Net Zero Carbon Goal Into Law
The European Commission proposed on Wednesday enshrining the European Green Deal's commitment for carbon neutrality by 2050 into legislation, as part of the European Union's heightened focus on climate?
The OPEC meeting of ministers from OPEC, Russia, and other non-OPEC producers ended its meeting day without agreeing on a solution to the coronavirus problem, with Russia holding out, an?
A spokesman for the Saudi-led coalition in Yemen announced on Wednesday that it had staved off an attack on an oil tanker in the Arabian Sea, Saudi news agency SPA?
UN: South Sudan's Oil Patch Is Living On Borrowed Time
South Sudan continues to spend oil revenues in advance and its oil sector continues to lack transparency, according to a UN report that was made public recently. One of the?
Google's Self-Driving Car Unit Raises $2.25 Billion
Waymo, the self-driving car developer of Alphabet, has raised $2.25 billion in funding from external investors, led by tech investment firms including Silver Lake, Alphabet itself, Andreesen?
Overcapacity Pushes Chinese Refiners' Profits Down 42% In 2019
New refining capacity depressed margins for Chinese refiners, with profits down 42 percent on the year in 2019, Reuters reports, citing the?China Petroleum and Chemical Industry Federation. Capacity increased?
