Oil

US ship enters Venezuela to purchase oil after smuggling fleet flees

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As soon as unlicensed oil tankers were fiercely pursued by the US Navy, a US merchant fleet entered Venezuela.

Venezuelan oil with the largest reserves in the world

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Venezuela possesses the largest oil reserves in the world, but exploitation output is currently very low compared to its potential.

Mr. Trump: The US will run Venezuela, focus on oil and gas

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President Trump declared that the US will directly run Venezuela during the transition period, with a focus on the oil and gas sector.

Venezuela responds to Trump's threat to freeze oil

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Venezuela spoke out against Mr Trump's announcement of an oil blockade, asserting sovereignty over resources and freedom of navigation.

Mr. Trump suddenly announced a complete blockade of Venezuela's oil

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US President Donald Trump suddenly announced a comprehensive blockade of oil tankers entering and leaving Venezuela, pushing the Washington - Caracas tensions to a new level.

Risk of supply exceeding demand by 4 million barrels/day, OPEC+ temporarily slows production growth

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The OPEC+ oil alliance agreed to increase oil production slightly but was cautious about further steps.

Saudi Arabia shakes the global oil market

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Saudi Arabia is no longer playing by the old rules, and when this "petropoleum giant" changes, the global market will feel the earthquake.

BRICS oil giant joins OPEC+

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Brazil, a BRICS member, has decided to join the group of major oil exporters OPEC+, marking a turning point in its energy strategy.

The news of Russia discovered the oil field equal to 1/3 of the Earth's oil reserves

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Russia shocked when it was thought to have discovered super -pole oil fields, with 1/3 of the total oil reserves worldwide.

Forecasting the global oil and gas earthquake

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China's retaliatory tariffs against the US could lead to a global oil and liquefied natural gas (LNG) earthquake.

Oil Market Forecast 2025

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China and the US will shape the world oil market in 2025.

China has the deepest oil and gas well in Asia

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The 9,432-meter deep oil and gas well was completed by Chinese company Sinopec this week, setting a new record for the deepest inland oil well in Asia.

US oil giant seizes business opportunity in Russia

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The world's largest oil and gas service company SLB has increased its revenue in Russia despite Western sanctions.

A giant gas field near Europe is about to come into operation

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Turkey's Black Sea gas field will be operational next year, President Tayyip Putin affirmed.

A giant gas field discovered in the eastern Mediterranean

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Energean found 13 billion cubic meters of gas off the coast of Israel.