feed: Energy Stories
President Donald Trump brought his long-held grievance against OPEC to the halls of the United Nations headquarters during a speech before the U.N. General Assembly.
Analysts say OPEC's ability to drive down the cost of crude will be limited until it gets the opportunity to prove it can fill the gap left by falling Iranian exports.
The mechanism, called a "special purpose vehicle", would aim to "assist and reassure economic operators pursuing legitimate business with Iran," according to a joint statement released by the Iranian nuclear deal's remaining members.
Houston-based Petroleum Products & Services, Inc d/b/a Wellhead Distributors International (WDi) has emerged from Chapter 11 Bankruptcy with a Plan of Reorganization unanimously supported by all creditors and litigants. Presiding Judge Isgur agreed with the supporters of the plan citing “insurmountable evidence in support of the WDi plan,” approving it immediately. According to Alex Kiss, […]