Faiz Salti and His Company, Florida Oil Corp, Make Inroads in Sarasota, Florida with the Purchase of a Gas Station
Founder, owner, and director of retail gasoline corporation Florida Oil Corp Faiz Salti made news in western Florida when he announced the company’s purchase of another gas station, this time in Sarasota. All More...
What Drives the Price of Oil? Industry Expert Alexandro Rovirosa Explains
As CEO of Roma Energy Holdings, Alexandro Rovirosa frequently manages client responses to volatile oil prices. While the law of supply and demand (low supply means high demands which in turn means higher prices More...
US adds sanctions to Venezuela’s oil, Russia and China speak out against the move
National Security Adviser John Bolton said President Nicolás Maduro and his allies could “no longer loot the assets of the Venezuelan people” as part of the announcement of increased sanctions against More...
Secretary of State Mike Pompeo Questioned by Chris Wallace for Going Easy on Iran Sanctions
On Sunday, Secretary of State Mike Pompeo appeared on “Fox News Sunday.” During the segment, host Chris Wallace took on Pompeo over the Trump administration’s upcoming sanctions on Iran, beginning More...
US tops 11.3 million barrels per day for a record high in August, becoming the ‘World’s largest oil producer’
Monthly U.S. oil production hit a record high in August, making the nation the world’s largest oil producer. New numbers from the federal Energy Information Administration show monthly production reached 11.3 More...
Horizontal Directional Drilling: An Overview
The construction industry has used horizontal directional drilling (HDD) for decades and it is becoming an optimal solution in dealing with pipeline drilling projects inside urban areas. Not only does horizontal More...
Five Things Likely to Get More Expensive in 2018
Today’s economy is a global economy. No longer to countries run independently from one another; markets are networked and connected like never before. A poor wheat crop in the U.S. can cause hunger and price hikes More...
Newsbusters: Media ‘reluctant’ to call collapsing Venezuela ‘socialist’
Media watchdog Newsbusters took aim at the press over their avoidance of the “S-word”: socialism. “As Venezuela plunges deeper into humanitarian crisis, the broadcast and cable networks barely More...
Global Energy: A Look Into the Future of the Shale Oil Market in North America
The shale boom had a significant impact on financial markets and thousands of US jobs were created to keep pace with demand, all of which prompted OPEC members to reduce oil prices and increase production, back More...
Recovery Prospects Expected For The Oil Industry In 2017
In November, 2016, OPEC members and Russia decided to cut a total of 1.758 million b/d, marking the largest production cut meant to speed up global oil market rebalancing. Brent crude oil prices then sharply rose. More...
President Trump signs Executive Orders to clear Dakota Access, Keystone Pipeline to move forward, critics angry
President Trump signed executive orders Tuesday clearing the way for the Dakota Access and Keystone XL oil pipelines to move forward. Critics wasted no time to speak against the move. Trump also signed an executive More...
Crude Oil Price Forecast: What to Expect by the End of the Year
Fluctuations in the price of crude oil have always affected the economic and financial status of countries around the world. High crude price has led to a positive economic outlook for oil exporters. On the other More...
Petroleum Fuels America
Where would the USA be without petroleum? Ever since it was discovered, petroleum has been responsible for keeping the economy chugging along, thanks to petroleum distribution companies like Petroleum Wholesale. More...
Global Oil Execs Predict Steady Rise in Crude Prices during Balance of 2016
During a recent speech at the Economic Club of Washington D.C., BP chief executive Bob Dudley echoed the sentiments of other global oil leaders, predicting that the crude oil prices which have been sitting at historic More...
New Data Generates Robust Petroleum Rally
On Wednesday April 6, the Energy Information Administration released its estimate of petroleum inventories and to the surprise of most in the market, they reported a large draw of crude oil. The draw cannot be completely More...
Oil levels down as the prices soar
The severe drop in the oil prices at the end of 2015 which continued into the mid of January 2016 caused the Gulf economies to panic. The investors were worried about their investments in the oil companies. The More...
Full transcript: Ted Cruz speech at Liberty University March 23, 2015
This is a transcript of Ted Cruz’s speech at Liberty University on March 23, 20155, officially announcing his intention to run for President. TED CRUZ: Good to see you. (APPLAUSE) Thank you. (APPLAUSE) Thank More...
President Obama vetoes Keystone Pipeline bill
President Obama on Tuesday, as promised, vetoed the Republican led bill approving the Keystone XL oil pipeline, pointing to the long State Department analysis project as an important means to assess the proposed More...
US, Saudi, OPEC blamed for lowing oil prices to hurt Russia, Iran
Why are gas prices dropping? How low with the price of oil fall? Questions that the most ignorant American may be thinking as they see prices plunge lower and lower. Even as prices began dropping, fingers pointed More...
Goldman Sachs: Lower oil prices to cause loss of $1 trillion, many projects ‘unprofitable’
The global oil industry will face a loss of $1 trillion as producers will be forced to cancel a number of key projects if oil prices stay below $60, says Goldman Sachs. Tuesday’s Brent crude trading at $59.9 More...
