Friday, January 24, 2025
Oil & Gas 360 - Venezuela elections

Venezuela is Selling Its Gold: is the Collapse Near?

Venezuela sells off $1.7 billion in gold as the country struggles to stay afloat; 1,600 % inflation on the horizon in 2017 The situation in Venezuela has gotten so desperate that you can no longer buy a Coke-a-Cola due to a lack of sugar cane in the country. This news comes shortly on the tail of the closing of Polar

OPEC oil prices

You Say OPEC, I Say What the Heck

The oil market is showing signs of recovery as of late, with oil topping $50 a barrel during intraday trading today for the first time since November 2015 (the brief piercing of $50 ended quickly). The ascent has been slow but steady and aided by slowing production in the U.S., and production outages in Nigeria and Canada. However, it has

Offshore

Israel Has Some Serious Gas

Since 2009, Israel has been on a hot streak of discovery. Sitting 15 miles off the Mediterranean coast of Israel lies a vast resource of natural gas fields. Beginning with the Tamar natural gas field in 2009 and continuing with the Leviathon field in 2011, the Tanin field in 2012, the Karish field in 2013, and the most recent Daniel