For the upcoming week, Stratas Advisors expects oil prices to be under pressure and may test $90 again, with the price of Brent not able to break through $95 last week.
More oil industry changes are still needed before Venezuela, which is producing less than 800,000 bbl/d, will be able to just break the 1 MMbbl/d barrier, the country’s top economic consultancy says.
Commentary: Venezuelan Gas, Trinidad and the US Meddling in the Middle hartenergy.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hartenergy.com Daily Mail and Mail on Sunday newspapers.
Tellurian Inc., which is developing the Driftwood LNG LLC project in Lake Charles, is looking to double its authorized shares amid an ongoing search for up to $2 billion in equity funding to move the project forward.