Tagged: oil

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OPEC No Longer in Control of Oil!

For decades, OPEC’s sway on oil prices was unparalleled. But the cartel’s immense influence has been dealt a huge blow by the dramatic boom in US shale. “Saudi Arabia and OPEC are no longer...

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Venezuela’s Oil Production On The Brink Of Collapse

By Nick Cunningham Desperation is spreading in Venezuela as violent protests continue to paralyze the country, further damaging the country’s shattered economy. Venezuela’s already-decrepit oil industry is deteriorating by the day, and an outright...

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TOP 5 THINGS TO KNOW ABOUT THE OIL MARKET

by David McDonald Actions taken by industrialized nations to lessen global warming by curtailing the use of fossil fuels gained momentum in June 2015. The leaders of the G7 industrialized nations issued a communiqué calling...

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$2B Oil Lawsuit Has Investors Worried About Angola

By Zainab Calcuttawala U.S.-based oil company Cobalt filed for arbitration for a $2-billion suit against Angola’s state-run Sonangol oil giant this week, according to court documents found by Reuters. The two parties were due...