The US Treasury has softened a little bit the conditions of the sanctions against PDVSA (Venezuela), allowing the companies from America to buy its energy. The permission is not indefinite


On Friday, “black gold” is rising in price during the Asian bidding process; the reason for this is the possible shortage of export from Venezuela. Brent futures with the expected

The EU Council decided to extend the sanctions against Venezuela. “The situation is getting worse, so it was decided to extend the restrictions for another year,” – informs a press

For the third consecutive time in the past two weeks, the market has seen a drop in oil prices. The

The shareholders’ meeting was attended by journalists who informed the public about the change in the composition of the directors

OPEC members finally have come to an agreement. On 30th November the Agreement about the crude oil production cut was

On Tuesday Alexander Novak, Minister of Energy of the Russian Federation and Venezuela’s Oil Minister Eulogio Del Pino have met

Reuters reported that the company “Rosneft” is not going to limit or freeze the oil production according to the potential

The growth of oil prices is going ahead on the optimistic expectations regarding the agreement between Russia and Iran on