September 20, 2017

From WHIO TV7 Norway’s sovereign wealth fund, the world’s largest of its kind, has hit a milestone value of $1 trillion, beating all expectations since its creation over 20 years ago. The fund, which reached its record value early Tuesday, has been boosted lately by a rise in stock markets and a weaker U.S. dollar, which increases the dollar value

From Hellenic Shipping News Despite the billions of dollars that have flowed into Venezuela’s state-owned PDVSA in recent years, crude oil and refining output continues to languish. It is not lack of investment hindering growth but a more human flaw—corruption. The deleterious effects of corruption have been recognized by oil minister Eulogio Del Pino and he has promised to squash

From the Houston Chronicle Texas is finding itself more like a member of OPEC every day, facing many of the same challenges. Operators in the Permian Basin pumped 2.4 million barrels of oil a day in 2016, more than nine of the 14 members of the Organization of the Petroleum Exporting Countries, according to the Texas Oil and Gas Association.