MARACAIBO (AFP) : Maracaibo is known as the center of Venezuela’s oil industry, but a chronic fuel shortage has left … More
He still believes drug laws regarding medical marijuana are unnecessarily harsh and need reform. On Dec 7, 2015, the world … More
SAUDI Arabia’s decision to cut oil output by one million barrels per day (bpd) for February and March this year … More
Venezuela, once Latin America’s top oil exporter and a bete noire of the United States, is enduring a deep economic, … More
As Nigeria prepares to celebrate 60 years of independence on October 1, many say there isn’t much cause for cheer. … More
El-Sharara oilfield produces more than 300,000 barrels of crude oil per day TRIPOLI : Libya’s El-Sharara oilfield, the country’s largest, … More
The OPEC 13-member cartel and its allies, notably Russia, decided to extend by a month deep May and June cuts agreed in April to boost prices,
Siemens Gas and Power was recently awarded a contract to supply three SGT-300 industrial gas turbine generators (GTG), three mechanical-drive SGT-300 gas turbines and three DATUM centrifugal compressors for the PETRONAS Kasawari Gas Field Development Project in the South China Sea
Hydrocarbon exploration by Malaysia’s Petronas recently triggered a three-way standoff in the South China Sea that lasted nearly six months. It only … More
Country’s mineral resources are estimated to be worth RM4.1 trillion based on current prices from three main mineral categories, namely metallic mineral, non-metallic mineral, and coal.
The second tanker follows the first of five Iranian vessels carrying an estimated 1.53 barrels of gasoline. The first vessel, the ‘Fortune’, successfully reached Venezuela the day before, and was escorted by the Bolivarian Navy
“Venezuela and Iran both want peace, and we have the right to trade freely,” Maduro said
KUALA LUMPUR, 23 May 2020 : Hengyuan Refining Company Bhd (HRC) has confirmed that a fire that broke out at … More
In a buyers’ market, Asian countries can seize the moment to develop oil contracts that give the Iraqi industry a much-needed boost,
They are intended to save $26bn but the combined damage caused by the Covid-19 virus and the oil price drop has already reportedly cost the Saudi central bank a similar figure in just the month of March alone.
These are too painful
A cash drawer to fund dark projects slides shut The ability of Malaysia’s national oil company Petronas to continue as … More
Oil prices declined on Monday after three days of gains as worries of a supply glut resurfaced on new data showing production levels were higher in April.