Oil - Page 31

“Oil prices getting too high. OPEC, please relax and take it easy,” he wrote on Twitter. “World cannot take a price hike – fragile!”

Venezuela’s Interim President Juan Guaidó took steps this week to regain control of the U.S.-based Venezuelan oil refiner Citgo, replacing Maduro-era leaders with his preferred officials.

Will Colorado’s Democrat Senator, Michael Bennet, choose the faddish Green New Deal over his state’s economic future?

Libya’s National Oil Corporation (NOC) on Friday urged all factions to stand down from a military confrontation as tribesmen and government troops occupied different parts of El Sharara, the country’s largest oil field.

The production and sale of oil by the Maduro regime in Venezuela have slumped dramatically since the United States imposed its latest round of sanctions on the country’s vital oil industry.

Russia strongly denounced U.S. sanctions against Venezuela’s national oil company PDVSA on Tuesday, slamming the sanctions as an illegal attempt to overthrow what Moscow views as the legitimate government.

Venezuelan dictator Nicolás Maduro vowed to continue selling oil to the United States on Friday soon after severing diplomatic ties with U.S. President Donald Trump’s administration, claiming Caracas’ feud is with Washington, not the American people.

President Donald Trump has been busy this year reversing many of the burdensome and harmful energy regulations of the Obama era.

Venezuela will assume the presidency of the Organisation of the Petroleum Exporting Countries (OPEC) next year, leading the world’s oil industries as its own collapses.

The Venezuelan Navy illegally entered the waters of Guyana this weekend and forced a ship contracted by Exxon Mobil to conduct oil research in the area to vacate, claiming that Guyana’s permission to explore its sovereign territory was not enough for the ship to be legally present in the water.

BAGHDAD, Iraq — U.S. Energy Secretary Rick Perry said Tuesday Iraq should partner with American companies to become energy independent, as Baghdad’s waiver from US sanctions on Iran nears its expiry.

Venezuela is now importing 300,000 barrels of oil a day to ease domestic fuel shortages, despite having the world’s largest crude oil reserves.

The U.S. Department of the Interior announced Thursday the Permian Basin’s Wolfcamp shale and Bone Spring formation spanning parts of West Texas and eastern New Mexico hold the largest potential oil and gas resources ever discovered. Federal surveyors note the Bone Spring plays could offer roughly seven times the amount of oil as the Bakken shale in North Dakota.

The root of Israel’s enduring significance to the U.S. is found in the fact that the Jewish state shares all of America’s core interests in relation to the region.

Contents: Socialist Venezuela oil production in ‘free fall’ as infrastructure collapses; Russia rebukes Venezuela for non-payment

Allies of French president Emmanuel Macron say they have yet to grasp why protesters are “seething anger” over the government’s plans to hike gas prices, while one lawmaker worries the “crisis” runs deeper than the cost of fuel.

Trump’s oil price tweet and a glut of supply amidst weakening global demand have crushed the price of oil.

Iranian President Hassan Rouhani gave a nationally televised speech on Monday in which he vowed to continue oil exports in defiance of U.S. sanctions and condemned America’s “psychological war” against his regime.

Autos and mining were weak in October but oil and gas drilling rebounded.

Trump once again shows that he can send oil prices lower simply by tweeting.

Iranian Rear Admiral Mahmoud Mousavi on Monday responded to U.S. warnings that Iran’s oil tankers are a “floating liability” by promising to protect them with military force.

Russia and South Korea both announced plans this week to continue doing business with Iran despite the heavier round of U.S. sanctions that went into effect on November 5.

Chinese officials and state-run media denounced the new round of U.S. sanctions against Iran after they took effect on Monday, accusing the Trump administration of “bullying” Tehran and vowing to continue purchases of Iranian oil.

Iranian President Hassan Rouhani was defiant and belligerent in the face of new U.S. sanctions in remarks aired by Iranian state television on Monday.

The president’s Twitter account posted a “Sanctions are coming” meme on Friday, playing on the popular Game of Thrones “Winter is coming” meme.

The United States is pumping record amounts of oil, vaulting over Russia to become the world’s biggest producer of crude.

Iranian Foreign Minister Mohammed Javad Zarif admitted in a CBS News interview on Sunday that U.S. sanctions have “hurt” Iran – by which he meant they are making the Iranian people suffer – but insisted sanctions can never induce the Iranian regime to change its behavior.

Lifting the summer cap on ethanol puts the administration at odds with the oil industry and environmentalists.

The Federal Reserve Bank of Dallas announced this week that the oil and gas industry remained strong in the third quarter of 2018. The good news came amid pipeline capacity concerns in the Permian Basin.

Both U.S. President Donald Trump and Iranian President Hassan Rouhani said on Monday they have no plans to meet at the U.N. General Assembly, refuting speculation that a summit meeting between the two might occur.

In an interview with Lester Holt of NBC Nightly News to be aired on Monday night, Iranian President Hassan Rouhani predicted U.S. sanctions would be unable to paralyze Iran’s oil industry or inflict enough economic damage to jeopardize the survival of his government.

TEHRAN, Iran — Iran’s oil minister says the United States will not succeed in its plans to halt Iranian crude exports even as he acknowledged that South Korea has stopped buying oil from Tehran.

The collapse of the rial currency and the looming threat of U.S. oil sanctions, scheduled to take hold in November, are reportedly leading Iran to turn to China for help keeping their economy afloat. A report Thursday suggests that China, itself struggling amid U.S. tariffs, may not be looking to save Iran and is diminishing its imports of Iranian oil.

Contents: US court seizes Socialist Venezuela’s Citgo as compensation for mine nationalization; Argentina’s peso collapses after central bank raises interest rate to 60%; Turkey and Argentina lead the world’s developing countries in falling currencies

The City Council of Los Angeles voted Tuesday to rename Rodeo Road — not to be confused with the more famous and posh Rodeo Drive in Beverly Hills — after former President Barack Obama.

Secretary of State Mike Pompeo on Monday evening dismissed Iran’s claim to control the Strait of Hormuz and the entire Persian Gulf. Pompeo promised that the United States would continue to protect freedom of navigation in those international waterways.