Canada’s major energy companies such as Suncor Energy Inc. or Cenovus Energy Inc. call for Prime Minister Justin Trudeau to approve a major pipeline expansion
Category: Oil
Market Update: OPEC Readying to Launch an Oil Freeze Deal
Venezuelan President Nicolas Maduro yesterday (16 November) attended an agreement signing ceremony with representatives of two oil companies – Venezuelan Delta Petroleum and India’s ONGC
Total First Western Energy Company to Strike a Deal with Iran
Total, French oil and gas giant, will be the first Western energy company to strike a deal with Iran. The company’s CEO, Patrick Pouyanné, made
Non-OPEC Countries Still Unwilling to Curb Oil Production
Non-OPEC producers yesterday (30 October) refused to commit themselves – in the face of pressure from the members of the Organization of the Petroleum Exporting
Asian Oil Markets Rebalancing
Asian oil markets are believed to be slowly returning to balance after China’s oil production was cut and its inventories of refined products decreased. Global
Saudi Arabia Invites Russia for Talks to Intensify non-OPEC Cooperation
Saudi Arabia’s Energy Minister Khalid al-Falih said yesterday (23 October) that he had invited Russian Energy Minister Alexander Novak to meet their Gulf Arab counterparts
Venezuela’s State-Run Oil Giant Accused of Embezzling $11 Billion
Petroleos de Venezuela (PDVSA), the Venezuelan state-owned oil and natural gas company, has been accused by the country’s congressional commission of embezzling about $11 billion
Oil Majors Focus on Technology to Drive Cost Savings
Major oil companies are using the newest technologies including drones and drill design to data management to decrease costs and withstand a sharp downturn in
Brazilian President Says No Increase in Fuel Tax Planned
Brazilian President Michel Temer said on Saturday (15 October) that his cabinet does not intend to increase fuel taxes, which was only a day after
OPEC to Meet Russia: Doubts about the Freeze on Rise
Energy ministers of OPEC members – Saudi Arabia, Iran and Iraq – will be meeting with their Russian counterpart for informal talks next week during