The war with Iran revealed just how much influence the world’s biggest oil importer has over prices and other countries’ supplies of jet fuel, gasoline and diesel.
Category: Production
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As a New Oil Power, China Gains More Sway Over Energy Markets
The New York Times – Business: -
Trump Ally Harold Hamm Strikes Venezuela Oil Deal
The New York Times – Business:Mr. Hamm’s company, Continental Resources, has signed a preliminary deal with Venezuela’s state-owned oil company to develop and produce oil.
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The U.S. Wants the Oil From These 17 Venezuelan Fields
The New York Times – Business:A private oil company has struck a deal with the Trump administration to develop 17 areas in Venezuela, an effort that experts say will take years and billions of dollars.
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Chevron Expansion in Venezuela Extends U.S. Influence Over Oil Riches
The New York Times – Business:The U.S. energy giant, which stayed in the country after other Western companies left, will invest $7 billion in the country to more than double its production there.
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Trump’s Venezuelan Oil Deal Relies on a Powerful and Divisive Partner
The New York Times – Business:The administration will work with a private Venezuelan oil company that has close ties to the country’s government.
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Oil Giant Chevron Is Said to Be in Talks to Expand in Venezuela
The New York Times – Business:Chevron, the second largest U.S. oil company, is building on its wager to remain in Venezuela, where it already accounts for about a quarter of the country’s oil production.
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Why These Giant Storage Tanks Increasingly Hold Very Little Oil
The New York Times – Business:Oil companies and governments are consuming their once vast stockpiles as Iran and the United States continue to struggle for control over the Strait of Hormuz.
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BMW Will Build a New Electric S.U.V. in South Carolina
The New York Times – Business:The German company is doubling down on electric vehicles even as other automakers pull back after acknowledging billions of dollars in losses.
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U.S. Oil Is Skipping the Chance to Grab Market Share From the Gulf
The New York Times – Business:U.S. oil production is expected to grow only modestly next year as companies hesitate to spend more in an uncertain market.
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OPEC Plus, in Symbolic Gesture, to Increase Oil Production
The New York Times – Business:The announcement came days after the United Arab Emirates withdrew from the group. The higher output will have little effect on global supplies.