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OPEC

Will NASAPEC Become The New OPEC?

The US’ newly formalized control over the majority of Venezuela’s oil reserves and Caracas’ potential withdrawal from OPEC could see Trump 2.0 assembling a “North American-South American Petroleum Exporting Countries” group as part of the US’ power play for control…

Wall Street Will Frustrate Trump’s Push to ‘Drill, Baby, Drill,’ Shale Bosses Predict

President Donald Trump’s “drill, baby, drill” call for a resurgence in United States oil production will be frustrated by the reluctance of Wall Street to approve another frenzy, according to shale bosses, reported the Financial Times. By Cristen Hemingway Jaynes U.S. oil…

Latest COP28 Draft Does Not Mention Fossil Fuel Phaseout

As the United Nations COP28 climate talks entered the final stretch, the most recent draft of a climate deal left out the crucial “phase out” language regarding fossil fuels, the main demand expressed by many developing countries, particularly those vulnerable to climate change, as…