Oil production News
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Washington -
A new and damning report reveals mandates during the White House years of Bill Clinton, George W Bush, and Barack Obama were “persistently ignored” and controlled by a small group of “free-ranging” economists controlling federal rules.
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Moscow -
Upheavals in the Middle East have led to escalating oil prices across the world and fears of additional unrest has left many investors looking for solid ground, with that solid ground now appearing to be in Russia.
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New York -
A decline in oil production in Libya as a result of the escalating violence has caused oil prices to reach their highest level since 2008 and experts say national and global economic recoveries could be in jeopardy if protests spread through the region.
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The Organization of Petroleum Exporting Countries announced a production cut but this move did not prevent a price selloff.
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Oil production Headlines
Oil production is set to start in Uganda after a deal is signed between the government and London-based Tullow oil, which also draws in Chinese and French firms.
South Sudan will survive despite halting its vital oil production in a dispute with Sudan, the country's Vice-President Riek Machar tells the BBC.
A summit is being held after South Sudan accused Sudan of stealing its oil exports and said it would halt production, crucial to both their economies.
South Sudan says it will complete its threatened shutdown of oil production on Saturday after no deal was reached with Sudan over pipeline use.
Canadian Prime Minister Stephen Harper will visit China next week to discuss Canada's oil products, after the US blocked a key pipeline.
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Top News
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Oil production Image
SkyTruth/flickr
Flaring of a natural gas well, as shown here in Wyoming, is likely to increase in the Russian Arctic thanks to a $4 billion deal between France and Russia.
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The researchers from the University of Beira Interior in Portugal tested coriander oil against 12 bacterial strains,...
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