The Kurdistan Regional Government (KRG) in Iraq announced it had signed a deal with the Russian state-owned oil corporation Rosneft that would allow the company to begin developing oil blocks worth a potential $400 million to the Kurds.
The freshly-appointed interim governor of Kirkuk, Rakan Ali al-Jabouri, held a press conference on his first full day in office Tuesday, at which Kurdish police chief Omar Khatab was asked to speak. Khatab was also rather forcefully asked not to speak in Kurdish on three different occasions, even when responding to questions asked in that language by a Kurdish reporter.
Venezuelan dictator Nicolás Maduro is now seeking to strike oil deals with both Iran and Syria to help ease the pressure of the country’s worsening economic and humanitarian crisis, according to an announcement by Iran’s Research Institute of the Petroleum Industry.
The oil-rich nation of Venezuela could soon run out of gasoline due to a chronic lack of production and a failure to pay shipping costs for imports, according to an industry leader.
The Russian government is now the primary funder of oil and gas deals in the autonomous region of Kurdistan and has yet to outline its position on next week’s Kurdish independence referendum, a report from Reuters has revealed.
Venezuela will no longer accept oil payments in U.S. dollars, in an act widely seen as a retaliation against the United States, The Wall Street Journal has revealed.
Venezuela’s socialist dictator Nicolás Maduro met Sunday with prominent Middle East presidents Recep Tayyip Erdogan of Turkey and Hassan Rouhani of Iran this weekend, seeking support amid a global outcry against his regime.
The AFP news agency reported on Wednesday afternoon that a draft U.N. resolution prepared by the United States would impose an oil embargo against North Korea.
As Texas and Louisiana continue to suffer the results of Hurricane Harvey, experts warn that the devastation is likely to force a rise in prices at the pump throughout the country.
The closure of Houston area refineries will raise prices at the pump and lower demand for crude oil.
China is abiding by United Nations sanctions on North Korea, halting shipments of coal and seafood, among other exports. Yet, as they fall out of the scope of the sanctions, China continues to supply Pyongyang with a pivotal oil supply that can diminish the effects of the sanctions, Australia’s ABC reported Sunday.
Venezuela needs cash, and Russia has it. Venezuela has oil, and Russia wants it. The socialist meltdown in Venezuela is likely to end with Moscow controlling a good deal of that tormented country’s most valuable asset: its oil fields.
The Department of Interior, under Secretary Ryan Zinke, has announced the current federal mineral valuation rule is being repealed “to create more workable oil, gas and mineral valuation regulations and avoid costly litigation.”
Energy Secretary Rick Perry was duped into a 22-minute phone call with two Russian pranksters, one of whom he believed was the Ukrainian prime minister, his office has confirmed.
Donald Trump’s U.S.A. is winning the global energy war by rejecting climate change nonsense and unapologetically embracing fossil fuels.
Reuters reported on Wednesday that China’s state-run National Petroleum Corporation has suspended fuel sales to North Korea for an undetermined period of time. CNPC is the primary supplier of fuel to North Korea.
Socialist Latin American nations and small Caribbean island states that benefit from Venezuela’s oil supply have expressed disdain towards U.S.-backed efforts by the Organization of American States (OAS) to find a solution to Venezuela’s political and humanitarian crisis, reminding member states of the international body’s non-intervention policy.
The government of Russia has expressed skepticism that the communist regime controlling Cuba would be able to afford oil shipments from its former patron to replace the free shipments from Venezuela that have largely ended as that nation descends into socialism-driven poverty and chaos.
Bloomberg Politics reported Wednesday on a “previously undisclosed,” and fortunately never executed, plan by Venezuela to evade international sanctions and slip banned Syrian oil into the United States for sale.
When one thinks of the richest regions of the United States, the opulence of Rodeo Drive in Beverly Hills, the high-end lifestyle of New York’s Tribeca, and the high-tech high life of the Silicon Valley may come to mind, but when ranking the wealthiest counties in the nation, the top spot went to an unassuming, small, south Texas locale.
A California company fighting the Environmental Protection Agency (EPA) in court has written to Attorney General Jeff Sessions to complain that Department of Justice (DOJ) lawyers are still pursuing a case after President Donald Trump’s recent executive order on water policy removed the basis for the lawsuit.
The competing governments of Libya – the Government of National Accord (GNA) in Tripoli and the dissenting House of Representatives (HoR) in Tobruk – are struggling to maximize production at the Libyan National Oil Corporation (NOC) while limiting illegal side deals that are cannibalizing the NOC.
Hundreds of Venezuelans found themselves stranded this week as the nation’s gasoline supply ran out at most stations throughout the nation’s urban centers, a stunning development in an OPEC nation believed to boast the world’s largest oil reserves.
In the shadow of the Washington Monument on Thursday, several tepees had been pitched, ceremonial dances and songs performed, and future activism plotted as a few hundred people protested the Dakota Access Pipeline.
TEL AVIV – Iran is responding to President Donald Trump’s threats against the regime by strengthening Hezbollah and Gaza-based terror groups as well as allying itself with Russia in exchange for economic and military privileges, an Iranian military source said.
Within the first year after the federal government lifted its ban on exporting American oil, Texas producers are seeing spikes in demand on the international market.
The situation in Libya since dictator Muammar Qaddafi died in 2011 remains fractured and volatile for domestic and foreign interests alike. Following the news that oil smugglers had seized a Turkish tanker on its way to Malta Thursday, Reuters reported that the Benghazi Defence Brigades (BDB), a rebel militia, had captured two of the nation’s few remaining productive oil ports.
BRUSSELS (AP) — The European Union’s budget chief is suggesting that member countries could in the future put aside a portion of their tax revenues from oil to help finance the bloc.
The U.S. military is not in Iraq “to seize anybody’s oil”, Defense Secretary Jim Mattis said, before arriving on an unannounced visit to Baghdad on Monday.
On Friday’s broadcast of HBO’s “Real Time,” Jane Fonda argued, “We have to fight, so that they stop extracting oil and gas from the ground.” While discussing celebrities being involved in politics, Fonda said, “We have to fight, so that
The regime of Syrian dictator Bashar Assad is stepping up its oil and gas purchases from the Islamic State, which is currently occupying a number of Syrian cities. Assad’s military is nominally engaged in a war to eradicate the Islamic State.
President Trump has wasted no time at all in pressing the reset button on US energy policy.
Iran signed preliminary agreements with Russia’s Gazprom on Tuesday to develop two major oil fields in the latest of a flurry of deals with foreign firms, local media reported.
A new report in Bloomberg reveals that U.S. authorities are investigating evidence suggesting that the socialist government of Venezuela paid Iran “hundreds of millions” as part of a money laundering scheme designed to avoid human rights sanctions imposed on the Islamic Republic.
An agreement among member nations of the Organization of Petroleum Exporting Countries to reduce output by one percent was announced Wednesday morning.
A western Texas oil and natural gas shale formation was labeled the “largest” of its kind by the U.S. Geological Survey on Tuesday.
Anti-socialist legislators in Venezuela have released a report finding that the nation’s state-run oil corporation, Petróleos de Venezuela (PDVSA), is missing $11 billion unaccounted for in the past decade.
On Tuesday Nicola Sturgeon blamed Brexit on the UK Government’s austerity policies. Speaking at the annual conference of the Institute of Directors (IoD) in London, the Scottish First Minister warned listeners she was “profoundly concerned” about the implications of the UK leaving the EU, with
People in seven states, from South Dakota to Texas, were awakened Saturday morning, September 3, by Oklahoma’s most powerful earthquake in recorded history. The 5.8 tremor was centered near Pawnee, Oklahoma. Several buildings sustained minor damage and there were no serious injuries. That we know.
A collective of environmental conservation groups are pushing Washington to list the lesser prairie chicken as an endangered species, which could negatively impact local energy production and farmers.
