NEWS

  • How International Banks Pushed Venezuela To The Brink Of Bankruptcy
    on September 23, 2020

    Venezuela sits on top of the world’s largest proven oil reserve. The country is home to what is estimated to be a whopping 296.5 billion barrels, which accounts for a jaw-dropping 20 percent of global oil reserves. How can it be that a country so rich in resources has become one of the poorest nations in the world? Until relatively recently, Venezuela was the richest country in South America. Those days, however, are definitely over. “Venezuela is suffering one of the world’s gravest humanitarian crises,” writes the International…

  • Despite Recent Commitments, Big Oil Still Behind On Climate Change
    on September 23, 2020

    As most Big Oil majors have recently made commitments to reduce their carbon footprint and help tackle climate change more actively. According to a new report from anti-oil advocacy Oil Change International, however, they are all falling short of Paris Agreement targets. The report uses data from Rystad Energy, the International Energy Agency, the World Energy Council, and the Global carbon project to reveal that on a number of indicators related to climate change the supermajors are way off the mark. Of course, these indicators are, from an industry…

  • Oil, gasoline distillate inventories fall, gasoline inventories slip under year-ago level
    on September 23, 2020

    Oil, gasoline distillate inventories fall and gasoline inventories slip under year-ago level according to the latest EIA report – September 24, 2020 The post Oil, gasoline distillate inventories fall, gasoline inventories slip under year-ago level appeared first on GasBuddy for Business.

  • Gas Prices Continue Trending Lower…For Now
    on September 21, 2020

    The national average price of gasoline has moved lower, falling 0.5 cents per gallon over the last week to $2.16 today according to GasBuddy data. The post Gas Prices Continue Trending Lower…For Now appeared first on GasBuddy for Business.