Political & Social Unrest News

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Will the US Ever Become Part of OPEC+?
Thursday, March 21, 2019 Experts weigh in on whether the United States will ever join the OPEC+ group.

Oil's Rally Stalls Near $59
Wednesday, March 20, 2019 Oil's rally stuttered as uncertainty over the status of trade negotiations between the U.S. and China stoked concerns over global economic growth.

Trump Guides Don't See High Oil Prices as All Bad
Wednesday, March 20, 2019 Higher oil prices may not always be a bad thing for the U.S. economy, according to a White House report.

Oil Holds Gains
Tuesday, March 19, 2019 Oil held gains near the highest level this year after OPEC and its partners committed to continue production cuts until at least June.

Saudi-Russia Alliance Shows Signs of Strain
Tuesday, March 19, 2019 The partnership at the heart of the OPEC+ alliance showed further signs of strain after Russia pressured the Saudi-led group to delay a decision on the future of their production cuts.

Guaido to Appeal $8.7B ConocoPhillips Award
Friday, March 15, 2019 Venezuela's opposition leader Juan Guaido plans to appeal the $8.75 billion award issued to ConocoPhillips by the World Bank's arbitration tribunal last week.

Oil Pierces 4-Month High
Thursday, March 14, 2019 Oil held gains after breaching $58 a barrel for the first time this year.

Saudis Reluctant to Do Trump's Bidding
Thursday, March 14, 2019 Four months ago, Saudi Arabia's devotion to its decades-old oil partnership with the U.S. was stronger than ever.

Oil Extends Gains
Wednesday, March 13, 2019 Crude rose for a third day after an industry report showed an unexpected drop in U.S. stockpiles at a time when the world's top producers are said to be looking at a plan to extend their output curbs.

Venezuela Ordered to Pay ConocoPhillips $8.7B
Wednesday, March 13, 2019 An international arbitration tribunal has unanimously ordered the government of Venezuela to pay ConocoPhillips $8.7 billion.

OPEC Is Said to Warn Wall Street on NOPEC
Wednesday, March 13, 2019 OPEC is sending a clear message to Wall Street banks and big investors.

Oil Extends Gain
Tuesday, March 12, 2019 Oil rose for a second day as Saudi Arabia was said to plan extending deep supply curbs and a nationwide blackout sparked a production collapse in Venezuela.

Job-Threatening Colorado Bill Reaches Senate Floor
Tuesday, March 12, 2019 Senate Bill 19-81 has been scheduled for second reading at the Colorado Senate.

Perry Says Venezuelan Oil Output Will Decline Until Regime Changes
Tuesday, March 12, 2019 The IEA says it expects Venezuelan output to fall to 800,000 barrels a day this year.

Hedge Funds Keep Betting on Oil Rally
Monday, March 11, 2019 Hedge funds keep betting on an oil rally, even with prices stuck in neutral.

Oil Rises
Monday, March 11, 2019 Oil rose as Saudi Arabia was said to extend deep supply cuts into April.

First Day of UK Strike Begins
Monday, March 11, 2019 UK union Unite's offshore membership on the Total Elgin-Franklin platforms and the Total North Alwyn and Dunbar platforms has gone ahead with a 24-hour strike.

Oil Stays Near $56
Thursday, March 07, 2019 Oil traded near $56 a barrel as investors weighed a U.S. crude-stockpile surge that threatens to undermine OPEC's bid to avert a glut against a drop in fuel inventories.

Colombia's Transandino Oil Pipeline Bombed
Thursday, March 07, 2019 A portion of Colombia's Transandino crude oil pipeline was bombed, causing a fire.

Oil Falls as Global Glut Fears Revived
Wednesday, March 06, 2019 Oil declined after an industry report showed a massive increase in U.S. crude stockpiles, reviving fears of a global glut.

PDVSA's Caribbean Footprint Is Waning
Wednesday, March 06, 2019 Despite sitting on top of the world's largest crude reserves, the reach of Venezuela's state-owned oil company is receding.

Oil Trims Gain
Tuesday, March 05, 2019 Oil gave up some of its gains above $56 a barrel on renewed concerns the U.S.-China trade war will hurt economic growth and the prospect of output recovering from unexpected disruptions in some OPEC members.

Libya's Biggest Oil Field Restarts
Tuesday, March 05, 2019 Libya's biggest oil field resumed production, adding another complication to OPEC's effort to trim a global supply glut.

Oil Rises as US China Trade Deal Nears
Monday, March 04, 2019 Oil climbs as the U.S. and China were said to near a deal on trade that would underpin the outlook for crude demand.

US Oil Stays Closer to Home
Friday, March 01, 2019 The long-running trade war between the U.S. and China is keeping ships from ferrying American oil far, far away.

OPEC Output Slides Again
Friday, March 01, 2019 OPEC's crude production slumped again last month as the cartel implemented planned cutbacks in full and some members were hit by U.S. sanctions.

Oil Climbs the Most in a Week
Wednesday, February 27, 2019 Oil climbed the most in a week after an industry report signaled a surprise decline in U.S. oil inventories and Russia confirmed it's reducing production in line with an agreement by OPEC and its allies.

Saudis Hold Firm on Cuts After Trump Tweet
Wednesday, February 27, 2019 Saudi Arabia is leaning toward extending OPEC cuts into the second half of 2019, potentially pitting the group against U.S. President Donald Trump's demand to keep prices down.

Offshore UK Strike Dates Revealed
Wednesday, February 27, 2019 UK union Unite reveals the complete strike schedule for its offshore membership on the Elgin-Franklin, North Alwyn, Dunbar and Shetland Gas Plant assets.

Is the OPEC, Russia Honeymoon Over?
Tuesday, February 26, 2019 OPEC still needs an official arrangement, but for Russia the argument is weakening.

Oil's Rally Fizzles
Tuesday, February 26, 2019 Oil is stumbling after a 30 percent rally since Christmas Eve as speculation swirls over whether OPEC will heed Donald Trump's call to temper prices.

Traders' Knee-Jerk Reaction to Trump OPEC Tweets
Tuesday, February 26, 2019 The first instinct of traders when they see President Trump tweeting on OPEC is to sell crude, according to Kingsview Asset Management.

$500MM of Oil Sits Off Venezuela
Tuesday, February 26, 2019 Venezuela is running out of space to store its sanction-stained crude that few dare to buy, forcing it to reduce output at a time when the world is thirsty for heavy, sulfurous oil.

Oil Holds Near 3-Month High
Monday, February 25, 2019 Oil held gains above $57 a barrel as a U.S. move to extend a trade truce with China raised hopes that the world's 2 biggest economies would soon resolve their differences.

Vitol Expects Oil to Rally
Monday, February 25, 2019 The world's largest energy trader says oil prices are set to rally further.

Oil Set for Second Weekly Gain
Friday, February 22, 2019 Oil headed for a second weekly advance on signs the U.S. and China are moving closer to a trade deal, and as investors weighed the OPEC+ coalition's output cuts against surging American supply.

Delaware Judge Could Play Key Role in Citgo Battle
Friday, February 22, 2019 The leadership crisis in Venezuela could lead to an odd legal situation in the U.S.

Anadarko Confirms Death in Mozambique Attack
Friday, February 22, 2019 The violence could signal a change in tactics by suspected Islamist militants in northern Mozambique's Cabo Delgado province.

Oil Extends Gains
Thursday, February 21, 2019 Oil extended gains from a 3-month high as industry data signaled a limited increase in American crude stockpiles, and on signs that the U.S. and China are moving closer to a trade deal.

Brent-WTI Spread Likely to Continue to Narrow
Thursday, February 21, 2019 The Brent-WTI spread is likely to continue to narrow in the near term, according to Cantor Fitzgerald Europe.

Oil Holds Near 3-Month High
Wednesday, February 20, 2019 Oil held near a 3-month high as production cuts by Saudi Arabia tempered concerns a trade war between the world's 2 biggest economies will continue to weigh on the global growth outlook.

Oil Holds Gains
Tuesday, February 19, 2019 Oil held gains at a 3 month high as investors focused on the prospects for a resolution to the U.S.-China trade war and signs of sliding shipments from the world's biggest crude exporter.

Governor's Racial Reckoning May Halt Gas Project
Tuesday, February 19, 2019 Virginia Governor Ralph Northam's racial reckoning could spell more trouble for Dominion Energy Inc.'s $7 billion-plus Atlantic Coast gas pipeline.

Oil Trades Near Highest Level Since November
Monday, February 18, 2019 Oil traded near the highest level since November on optimism the U.S. and China can reach a trade deal and as an outage at the world's largest offshore field signaled tightening supply.

Energy Guru Says US and Russia Should Set Aside Gas Fight
Monday, February 18, 2019 A Cold War-era energy advisor contends the United States and Russia should put aside their fight over natural gas markets.

Oil Poised for Weekly Gain
Friday, February 15, 2019 Oil heads for its biggest weekly gain in a month.

US Weighs New PDVSA Sanctions
Friday, February 15, 2019 The Trump administration is considering blocking foreign entities from dealing with Venezuela's state oil giant.

New Russia Sanctions Proposal Could Hinder Nat Gas Export Pipelines
Friday, February 15, 2019 New Russia sanctions proposed by members of the US Congress could hinder the development of some natural gas export pipelines.

NOPEC Bill to Fail if Brought to a Vote
Thursday, February 14, 2019 Fitch Solutions expects the NOPEC bill to fail if brought to a vote.

Tullow Looks at No Deal Brexit Implications
Thursday, February 14, 2019 Tullow, which employs a number of EU nationals in the UK, says its board is concerned about the uncertainty that a No Deal Brexit would cause these 'much-valued members of staff'.