Start your week smart: Trump, China, OPEC, Power outage, Messi

CNN  —  With the arrival of December, the year is drawing to a close – and some might say not a moment too soon. What does 2023 hold in store for us? Well, it appears the future looks bright … magenta to be exact.  Here’s what else you need to know to Start Your Week … Read more

US prepared to authorize Chevron to boost Venezuela’s oil output, Energy News, ET EnergyWorld

HOUSTON: Chevron Corp could win U.S. approval to dramatically expand operations in Venezuela as early as Saturday once the Venezuelan government and its opposition resume political talks, three people familiar with the matter said Wednesday. A US clearance for Chevron to help rebuild the country’s declining oil production has been one of the biggest plums … Read more

Hess CEO says OPEC ‘back in the driver’s seat’ as U.S. shale growth slows

Nov 17 (Reuters) – The Organization of the Petroleum Exporting Countries (OPEC) is “back in the driver’s seat” as the top swing producer amid slowing U.S. shale growth, the chief executive of OPEC said on Thursday. Hess Corp (HES.N), John Hess. at an investor conference in Miami, Florida. Hess predicts that U.S. oil production will … Read more

The UAE’s climate envoy: ‘Joint climate action can help us achieve peace and prosperity. Here’s why we’re partnering with the U.S. to invest $100 billion in clean energy–and what to expect in COP28’

The message from COP27 in Sharm El Sheikh is clear: the world must accelerate the transition to cleaner energy. It’s the shortest path to Net Zero. To get there, we must pick up the pace by creating global collaborations that deliver both economic and climate progress through pragmatic, realistic, practical and commercially viable initiatives. Announced … Read more

America and Saudi Arabia are locked in a bitter battle over oil. The stakes are massive

New York CNN Business — The relationship between the United States and Saudi Arabia is one of the most important on the planet. And lately, it’s also one of the most troublesome. Angry officials in Washington have vowed ‘consequences’ after Saudi-led OPEC sharply cut oil production earlier this month, driving up prices at the pump … Read more

U.S. Accelerates Three-Tier Plan To Reduce Oil Prices

The immediate aftermath of 1973/74 oil embargo in which Saudi Arabia led its OPEC brethren to block oil exports to the US, UK, Japan, Canada and the Netherlands – causing oil prices to soar d around $3 a barrel (bp) to nearly $11 bp and fanning the fire of a global economic slowdown in the … Read more

Turkey accuses US of ‘bullying’ Saudi Arabia over OPEC+ oil cuts | OPEC News

Turkey’s foreign minister accuses the United States of “bullying” Saudi Arabia after OPEC+ announced oil production cuts despite Washington’s objections. Turkey has accused the United States of bullying its ally Saudi Arabia after OPEC+ producers announced deep oil production cuts despite American objections. OPEC+ recently announced that it will produce two million fewer barrels of … Read more

Exclusive: U.S. says Russia oil price cap will not be aimed at OPEC

LONDON, Oct 19 (Reuters) – New moves by Group of Seven nations to cap Russian oil sales at a forced low price will not be replicated against OPEC producers, whose plans to cut oil production have angered consumer countries, a U.S. Treasury official told Reuters. . The United States has contacted representatives of the Organization … Read more

‘Troubled marriage’: Oil spat unlikely to break US-Saudi ties | Oil and Gas News

Washington, DC, United States – Despite growing anger in Washington and US President Joe Biden’s threat that Saudi Arabia will suffer ‘consequences’ over oil production cuts, analysts believe a fundamental shift in US- the Gulf Kingdom is unlikely. The furor over a recently announced oil production cut is the latest manifestation of tensions between the … Read more

Biden to release 15M barrels from U.S. strategic oil reserve after OPEC+ cuts – National

US President Joe Biden will announce the release of 15 million barrels of oil from the US strategic reserve on Wednesday as part of a response to recent production cuts announced by OPEC+ countries, and he will say that more sales oil deals are possible this winter, as his administration rushes to be seen as … Read more