Venezuela Suspends 19 Oil Production Contracts

Venezuela’s government has suspended 19 production-sharing agreements with private oil companies, Reuters has reported, citing unnamed sources. The deals are for projects in Lake Maracaibo, the Orinoco Belt, and several…

Alberta Budgets for Three Years of Deficit on Low Oil Prices

Alberta will end fiscal 2025/26 with a deficit and will run a deficit for the next three fiscal years as well, the province’s finance minister has said. The deficit for…

India Plans 30% Slash in Thermal Coal Imports This Year

India seeks to slash imports of thermal coal used in its power sector by 30% this year as it wants to use more of its domestic coal supply, industry and…

U.S. Department of Justice Sides With Argentina in $18 Billion YPF Lawsuit

The U.S. Department of Justice is siding with Argentina in a legal case of $18 billion relating to the 2012 nationalization of Argentinian oil company YPF.  In 2012, the Argentine…

Oil Prices Rise 2% as US and Iran Extend Talks into Next Week

Summary US-Iran talks end with no deal but signs of progress Technical discussions scheduled for Vienna next week OPEC+ to consider oil output increase for April, sources say Oil prices…

Oil Market Is Nervous for the Coming Weekend

In a Skandinaviska Enskilda Banken AB (SEB) report sent to Rigzone by the SEB team on Friday, SEB chief commodities analyst Bjarne Schieldrop and SEB commodities analyst Ole R. Hvalbye…