Venezuela

BloombergLucid SPAC Gives Up Some of Giant Gain After Pact Confirmed(Bloomberg) -- Shares of the blank-check firm combining with electric-vehicle startup Lucid Motors Inc. plunged in U.S. trading after confirming the biggest SPAC merger…

India: Why oil is so expensive and what could be done India is the world's third-largest oil market and depends heavily on crude oil to fuel its dreams and development. India consumes nearly 211.6 million tonnes of…

A senior Venezuelan oil workers' union has accused the government of political persecution, the AFP reports, citing an interview with the official who has meanwhile left Venezuela."The idea is to neutralize the oil union…

By Luc Cohen, Corina Pons(Reuters) - Venezuelan officials have met in recent months with small domestic oilfield contractors to propose letting them operate fields owned by state-owned PDVSA while pocketing part of the proceeds,…

Venezuela’s oil industry will likely continue to deteriorate in 2021, with the country’s roughly 300 billion barrels of crude in reserves left largely untapped even if oil prices move higher, according to industry sources. Venezuelan…

(Bloomberg) -- Oil dipped toward $53 a barrel as pessimism over the short-term demand outlook in the world’s two largest economies was partially offset by more weakness in the dollar. Futures in New York…

OPEC’s second-biggest oil producer, Iraq, has reduced its term supplies for 2021 to several major Indian refiners by 10-20 percent, industry sources told Reuters, some of them noting that the Iraqi move was totally…

By Marianna Parraga, Mircely GuanipaFeb 2 (Reuters) - Venezuelan PDVSA’s growing pool of new customers helped the state oil company boost exports in January, but the increase was not enough to offset the cumulative effect of U.S.…

A latest research report by ResearchMoz states that the Global Valves for Oil and Gas Market will grow at rapid pace and account for around XX Bn during the forecast period of 2021 to 2027. The report gives detailed data on the factors…

Major energy institutions are adopting a cautionary tone over oil demand in 2021, with the International Energy Agency and OPEC on Feb. 11 joining the US Energy Information Administration in trimming their recovery estimates. The IEA in…

The Covid-19 pandemic has ravaged energy markets and decimated demand. Of the three fossil fuels, coal, natural gas, and oil, demand for the latter was affected most due to its importance for the transportation sector. With…

WASHINGTON, DC - JANUARY 27: U.S. President Joe Biden speaks about climate change issues in the ... State Dining Room of the White House on January 27, 2021 in Washington, DC. President Biden signed several executive orders…

Oil (WTI-Feb) made 13-months high (since Jan’20) around 59.81 mid-U.S. sessions, soared almost +2.70% on signs of faster rebalancing, global plateauing of COVID, and reflation. Also higher demand from China…

(Repeats Thursday’s column with no changes to the text. John Kemp is a Reuters market analyst. The views expressed are his own)LONDON, Feb 11 (Reuters) - National governments still tend to think about oil refineries as strategic assets…

(Repeats Thursday’s column with no changes to the text. John Kemp is a Reuters market analyst. The views expressed are his own)LONDON, Feb 11 (Reuters) - National governments still tend to think about oil refineries as strategic assets…

By Julian LeeThe OPEC+ alliance of oil producers will face a big test of its cohesion in a few weeks’ time, when ministers meet to discuss the next step in their historic production deal aimed at rebalancing the world’s oil supply with…

London — Emboldened by the change in US presidency, Iran is pushing more oil onto the market, even as sanctions remain in place, as it looks ahead to a full return to the global oil market as demand…

CARACAS, Feb 9 (Reuters) - A Venezuelan court ordered the trial of former Oil Minister Eulogio del Pino and four other officials to begin, more than three years after they were arrested on corruption allegations, the country's supreme…

Washington: US forces in Syria are focused on fighting the remnants of the Islamic State group and are not guarding oil fields as previously ordered by ex-president Donald Trump, a US defense official said Monday.Since a US firm…

By Maiya Keidan, Rod NickelTORONTO (Reuters) - Hedge funds are turning bullish on oil once again, betting the pandemic and investors’ environmental focus has severely damaged companies’ ability to ramp up production.FILE PHOTO: The sun…