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Struggling Venezuela already is producing oil at a multi-decade low, but the socialist nation's crude output could fall another 50…
Croatia published a tender for gas and oil exploration in mountainous areas of the country's central and southern regions, the…
Friday, 08 February 2019 07:08

US Drillers Add Oil Rigs Again

U.S. energy firms this week increased the number of oil rigs operating for the second time in three weeks after…
Wednesday, 06 February 2019 04:12

Oil Slips Below $62 as U.S. Inventories Rise

API reports increase in U.S. crude stocks; Venezuela sanctions yet to spark rally but still supportive. File Image: CREDIT AdobeStock…
Wednesday, 06 February 2019 00:29

Paz Oil Plans 700 MW, $700m power plant

Israel's Paz Oil Co said on Wednesday its board has authorized management to move forward with a plan to build…
Tuesday, 05 February 2019 04:05

Oil Falls on U.S. Factory Data

Oil prices fell on Tuesday, a day after data showing a decline in U.S. factory orders dragged both benchmarks down…
Monday, 04 February 2019 11:36

Tankers with Venezuelan Oil Collect off US

A flotilla loaded with about 7 million barrels of Venezuelan oil has formed in the Gulf of Mexico, some holding…
Sunday, 03 February 2019 23:28

PetroRio Wants Petrobras' Frade Stake

Brazilian independent oil firm PetroRio SA, which already owns 70 percent of the Frade oil field, has approached Petrobras about…
Global deepwater oil production was expected to grow 700,000 barrels  per day (b/d) this year to hit a record high…
Friday, 01 February 2019 09:02

US Shale Lifts Exxon, Chevron Profits

Exxon Mobil Corp and Chevron Corp, two of the world's largest oil producers, on Friday posted improved quarterly earnings that…