Category: Production

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.
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.
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.
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.
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.
Which Countries Are Profiting From the Iran War Oil Shock

The New York Times – Business:
An analysis of oil export data offers clues about which nations have benefited from higher prices, and which have lost a lot of revenue.
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.
Why U.S. Oil Companies Are Not Plugging the World’s Energy Gap

The New York Times – Business:
American producers are under pressure from investors to keep spending in check, and they are wary of drilling more wells because they are not sure oil prices will stay high.
Loss of Emirates Further Weakens OPEC’s Influence

The New York Times – Business:
The exit of the United Arab Emirates is the most significant in a series of departures from the oil cartel in recent years.
Trump’s Latest Oil Blockade Brings Bigger Economic Risks

The New York Times – Business:
Oil markets shrugged it off, but the effort to hurt Iran could provoke retaliation that inflicts more damage on energy assets and the global economy.
G7 Countries Hold Off on Releasing Emergency Oil Supplies

The New York Times – Business:
Finance ministers for the seven industrialized countries met on Monday and said they would consider releasing oil from reserves but were not ready to do so now.
U.S. and Israeli War With Iran Will Likely Send Oil Prices Soaring

The New York Times – Business:
Prices of oil and other commodities are expected to jump when trading resumes on Sunday, but how long they will stay high will depend on what the United States, Israel and Iran do next.