Browsing: OPEC Announcements

South Africa has officially launched the South African National Petroleum Company (SANPC), a new state-owned oil enterprise designed to consolidate…

Suriname, the South American nation hoping to replicate Guyana’s oil boom, is voting on Sunday in presidential and general elections…

While the federal government of Iraq welcomes cooperation with U.S. energy firms, Baghdad noted on Friday that direct deals with…

U.S. refining giant Phillips 66, which will close its LA refinery later this year, will lay off in December most…

The U.S. Administration wants the EU to make unilateral cuts to its tariffs on American goods and abolish a proposed…

Mexico’s Pemex plans to cut 3,000 jobs as part of a restructuring move aimed at reducing its expenses, Bloomberg has…

A substantial drop in the spot market price for Emirati crude has triggered a demand surge from Asia, Reuters reported…

Turns out Washington isn’t buying what Brussels is selling—at least not yet. While the EU is lobbying to lower the…

China’s decades-long reign as the world’s top oil demand driver is nearing its end, according to new research published by…

The European Union spent more on Russian fossil fuels in 2024 than it provided to Ukraine in military and financial…